Zayo Group Holdings, Inc. (NYSE:ZAYO) COO Andrew Crouch sold 22,803 shares of the stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $34.10, for a total transaction of $777,582.30. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Shares of Zayo Group Holdings, Inc. (ZAYO) traded down 0.43% during midday trading on Thursday, hitting $34.83. 1,619,637 shares of the stock were exchanged. Zayo Group Holdings, Inc. has a 52-week low of $29.30 and a 52-week high of $35.65. The firm’s 50 day moving average price is $34.38 and its 200-day moving average price is $33.01. The stock has a market cap of $8.59 billion, a P/E ratio of 99.51 and a beta of 0.55.

Zayo Group Holdings (NYSE:ZAYO) last posted its quarterly earnings results 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 business had revenue of $638.00 million during the quarter, compared to analysts’ expectations of $642.67 million. During the same period in the prior year, the firm posted ($0.13) earnings per share. The firm’s revenue for the quarter was up 25.8% on a year-over-year basis. On average, equities research analysts expect that Zayo Group Holdings, Inc. will post $0.61 earnings per share for the current fiscal year.

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ZAYO has been the topic of several recent research reports. Pacific Crest reaffirmed an “equal weight” rating on shares of Zayo Group Holdings in a report on Friday, June 23rd. BidaskClub raised shares of Zayo Group Holdings from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $42.00 price objective on shares of Zayo Group Holdings in a report on Wednesday, September 13th. Moffett Nathanson reaffirmed a “neutral” rating and set a $39.00 price objective (up from $34.00) on shares of Zayo Group Holdings in a report on Thursday, September 28th. Finally, William Blair reaffirmed an “ourperform” rating on shares of Zayo Group Holdings in a report on Tuesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company. Zayo Group Holdings presently has a consensus rating of “Hold” and an average price target of $38.36.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Wisconsin Investment Board raised its holdings in shares of Zayo Group Holdings by 38.5% during the 2nd quarter. State of Wisconsin Investment Board now owns 209,641 shares of the technology company’s stock worth $6,478,000 after acquiring an additional 58,230 shares in the last quarter. Prudential Financial Inc. raised its holdings in shares of Zayo Group Holdings by 13.0% during the 1st quarter. Prudential Financial Inc. now owns 9,600 shares of the technology company’s stock worth $316,000 after acquiring an additional 1,102 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Zayo Group Holdings by 10.4% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 522,662 shares of the technology company’s stock worth $16,150,000 after acquiring an additional 49,044 shares in the last quarter. Xact Kapitalforvaltning AB raised its holdings in shares of Zayo Group Holdings by 19.6% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 16,758 shares of the technology company’s stock worth $518,000 after acquiring an additional 2,749 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its holdings in shares of Zayo Group Holdings by 43,789.5% during the 2nd quarter. Neuberger Berman Group LLC now owns 2,707,985 shares of the technology company’s stock worth $83,677,000 after acquiring an additional 2,701,815 shares in the last quarter. 78.91% of the stock is currently owned by institutional investors.

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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