Zayo Group Holdings, Inc. (NYSE:ZAYO) major shareholder Fund X/C Lp Gtcr sold 4,700,000 shares of the company’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $34.35, for a total transaction of $161,445,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Zayo Group Holdings, Inc. (ZAYO) traded up 0.17% during mid-day trading on Thursday, hitting $35.00. 3,140,476 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $33.73 and its 200-day moving average price is $32.73. Zayo Group Holdings, Inc. has a one year low of $28.73 and a one year high of $35.65. The stock has a market cap of $8.63 billion, a PE ratio of 100.00 and a beta of 0.55.

Zayo Group Holdings (NYSE:ZAYO) last announced its quarterly earnings data on Monday, August 21st. The technology company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.02). Zayo Group Holdings had a return on equity of 7.48% and a net margin of 3.90%. The company had revenue of $638.00 million for the quarter, compared to analyst estimates of $642.67 million. During the same period in the prior year, the firm posted ($0.13) earnings per share. The business’s quarterly revenue was up 25.8% compared to the same quarter last year. On average, analysts forecast that Zayo Group Holdings, Inc. will post $0.60 EPS for the current fiscal year.

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Several institutional investors have recently made changes to their positions in the company. Dodge & Cox grew its position in shares of Zayo Group Holdings by 0.6% during the second quarter. Dodge & Cox now owns 16,565,828 shares of the technology company’s stock worth $511,884,000 after buying an additional 96,250 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Zayo Group Holdings by 8.9% during the second quarter. Vanguard Group Inc. now owns 13,786,315 shares of the technology company’s stock worth $425,998,000 after buying an additional 1,127,326 shares in the last quarter. BlackRock Inc. grew its position in shares of Zayo Group Holdings by 8.7% during the second quarter. BlackRock Inc. now owns 10,207,343 shares of the technology company’s stock worth $315,410,000 after buying an additional 813,652 shares in the last quarter. Carmignac Gestion acquired a new position in shares of Zayo Group Holdings during the second quarter worth about $150,427,000. Finally, State Street Corp grew its position in shares of Zayo Group Holdings by 9.6% during the second quarter. State Street Corp now owns 3,117,303 shares of the technology company’s stock worth $96,324,000 after buying an additional 272,503 shares in the last quarter. 78.93% of the stock is owned by institutional investors and hedge funds.

ZAYO has been the topic of several recent research reports. Pacific Crest reiterated an “equal weight” rating on shares of Zayo Group Holdings in a report on Friday, June 23rd. BidaskClub upgraded shares of Zayo Group Holdings from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $42.00 target price on shares of Zayo Group Holdings in a report on Wednesday. Goldman Sachs Group, Inc. (The) cut shares of Zayo Group Holdings from a “conviction-buy” rating to a “buy” rating in a report on Friday, May 19th. Finally, William Blair reiterated an “ourperform” rating on shares of Zayo Group Holdings in a report on Tuesday, August 22nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $38.36.

About Zayo Group Holdings

Zayo Group Holdings, Inc provides communications infrastructure services, including fiber and bandwidth connectivity, colocation and cloud infrastructure to a range of businesses. The Company operates in five segments: Dark Fiber Solutions, Network Connectivity, Colocation and Cloud Infrastructure, Zayo Canada and Other.

Insider Buying and Selling by Quarter for Zayo Group Holdings (NYSE:ZAYO)

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