Zayo Group Holdings, Inc. (NYSE:ZAYO) Director Richard W. Connor sold 1,200 shares of Zayo Group Holdings stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $34.47, for a total value of $41,364.00. Following the completion of the sale, the director now owns 145,944 shares of the company’s stock, valued at $5,030,689.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Zayo Group Holdings, Inc. (NYSE:ZAYO) traded up 2.44% on Tuesday, hitting $34.81. 2,108,624 shares of the stock were exchanged. The company has a market cap of $8.58 billion, a PE ratio of 99.46 and a beta of 0.55. The company has a 50-day moving average price of $34.31 and a 200 day moving average price of $32.98. Zayo Group Holdings, Inc. has a 12 month low of $29.30 and a 12 month high of $35.65.

Zayo Group Holdings (NYSE:ZAYO) last announced its earnings results on Monday, August 21st. The technology company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.02). The firm had revenue of $638.00 million during the quarter, compared to the consensus estimate of $642.67 million. Zayo Group Holdings had a return on equity of 7.48% and a net margin of 3.90%. The firm’s revenue was up 25.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.13) EPS. Equities analysts forecast that Zayo Group Holdings, Inc. will post $0.61 EPS for the current fiscal year.

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Hedge funds have recently modified their holdings of the stock. US Bancorp DE raised its holdings in Zayo Group Holdings by 63.4% in the first quarter. US Bancorp DE now owns 14,285 shares of the technology company’s stock worth $470,000 after purchasing an additional 5,540 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Zayo Group Holdings by 10.8% during the first quarter. Bank of New York Mellon Corp now owns 667,732 shares of the technology company’s stock valued at $21,969,000 after buying an additional 65,142 shares during the period. Comerica Bank lifted its position in Zayo Group Holdings by 3.7% during the first quarter. Comerica Bank now owns 6,702 shares of the technology company’s stock valued at $233,000 after buying an additional 238 shares during the period. UBS Asset Management Americas Inc. lifted its position in Zayo Group Holdings by 18.3% during the first quarter. UBS Asset Management Americas Inc. now owns 364,140 shares of the technology company’s stock valued at $11,980,000 after buying an additional 56,395 shares during the period. Finally, Karp Capital Management Corp purchased a new position in Zayo Group Holdings during the first quarter valued at $325,000. 78.91% of the stock is currently owned by institutional investors.

Several analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Zayo Group Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Stifel Nicolaus reiterated a “buy” rating on shares of Zayo Group Holdings in a research note on Tuesday, August 22nd. Cowen and Company reiterated a “buy” rating on shares of Zayo Group Holdings in a research report on Friday, August 11th. Deutsche Bank AG assumed coverage on shares of Zayo Group Holdings in a research report on Monday, August 28th. They set a “hold” rating on the stock. Finally, BidaskClub upgraded shares of Zayo Group Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $38.40.

Zayo Group Holdings Company Profile

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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