Zayo Group Holdings, Inc. (ZAYO) Receives Average Rating of “Hold” from Analysts
Zayo Group Holdings, Inc. (NYSE:ZAYO) has received a consensus rating of “Hold” from the twenty ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $38.17.
A number of equities analysts have weighed in on ZAYO shares. BidaskClub raised Zayo Group Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Pacific Crest reissued an “equal weight” rating on shares of Zayo Group Holdings in a research report on Friday, June 23rd. Zacks Investment Research downgraded Zayo Group Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Cowen and Company reissued a “buy” rating on shares of Zayo Group Holdings in a research report on Friday, August 11th. Finally, Stifel Nicolaus reissued a “buy” rating on shares of Zayo Group Holdings in a research report on Tuesday, August 22nd.
In other news, CFO Kenneth Desgarennes sold 20,318 shares of the company’s stock in a transaction that occurred on Thursday, July 6th. The stock was sold at an average price of $30.22, for a total value of $614,009.96. Following the transaction, the chief financial officer now owns 1,095,852 shares of the company’s stock, valued at $33,116,647.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Daniel Caruso sold 115,273 shares of the company’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $34.70, for a total value of $3,999,973.10. Following the completion of the transaction, the chief executive officer now directly owns 4,343,965 shares in the company, valued at approximately $150,735,585.50. The disclosure for this sale can be found here. Insiders sold 5,675,351 shares of company stock worth $193,598,255 in the last ninety days. 5.20% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of ZAYO. BlackRock Inc. grew its position in shares of Zayo Group Holdings by 5,686.4% in the first quarter. BlackRock Inc. now owns 9,393,691 shares of the technology company’s stock valued at $309,054,000 after purchasing an additional 9,231,349 shares during the last quarter. Carmignac Gestion bought a new stake in shares of Zayo Group Holdings in the second quarter valued at approximately $150,427,000. Neuberger Berman Group LLC boosted its stake in shares of Zayo Group Holdings by 43,789.5% in the second quarter. Neuberger Berman Group LLC now owns 2,707,985 shares of the technology company’s stock valued at $83,677,000 after buying an additional 2,701,815 shares during the period. USS Investment Management Ltd bought a new stake in shares of Zayo Group Holdings in the second quarter valued at approximately $63,335,000. Finally, Vanguard Group Inc. boosted its stake in shares of Zayo Group Holdings by 12.7% in the first quarter. Vanguard Group Inc. now owns 12,658,989 shares of the technology company’s stock valued at $416,480,000 after buying an additional 1,428,585 shares during the period. 78.91% of the stock is currently owned by institutional investors.
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Zayo Group Holdings (ZAYO) traded up 0.49% during mid-day trading on Wednesday, reaching $34.98. The company’s stock had a trading volume of 2,041,470 shares. The company has a 50 day moving average of $34.35 and a 200-day moving average of $32.99. Zayo Group Holdings has a 52-week low of $29.30 and a 52-week high of $35.65. The stock has a market cap of $8.62 billion, a PE ratio of 99.94 and a beta of 0.55.
Zayo Group Holdings (NYSE:ZAYO) last announced its quarterly earnings results on Monday, August 21st. The technology company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). The business had revenue of $638.00 million for the quarter, compared to analyst estimates of $642.67 million. Zayo Group Holdings had a return on equity of 7.48% and a net margin of 3.90%. Zayo Group Holdings’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same period last year, the firm earned ($0.13) EPS. Equities analysts forecast that Zayo Group Holdings will post $0.61 earnings per share for the current year.
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.
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