Zayo Group Holdings Inc (ZAYO) CEO Sells $4,553,558.40 in Stock

Zayo Group Holdings Inc (NYSE:ZAYO) CEO Daniel Caruso sold 123,738 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $36.80, for a total transaction of $4,553,558.40. Following the completion of the transaction, the chief executive officer now directly owns 4,286,654 shares of the company’s stock, valued at approximately $157,748,867.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Daniel Caruso also recently made the following trade(s):

  • On Friday, January 12th, Daniel Caruso sold 12,500 shares of Zayo Group stock. The stock was sold at an average price of $36.70, for a total transaction of $458,750.00.
  • On Monday, January 8th, Daniel Caruso sold 87,741 shares of Zayo Group stock. The stock was sold at an average price of $36.05, for a total transaction of $3,163,063.05.
  • On Tuesday, January 2nd, Daniel Caruso sold 17,723 shares of Zayo Group stock. The stock was sold at an average price of $36.39, for a total transaction of $644,939.97.

Zayo Group Holdings Inc (ZAYO) traded up $0.35 during trading hours on Friday, reaching $35.98. 1,512,273 shares of the company were exchanged, compared to its average volume of 1,513,154. Zayo Group Holdings Inc has a 52 week low of $29.73 and a 52 week high of $37.26. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.81. The company has a market cap of $8,860.00, a price-to-earnings ratio of 94.68, a P/E/G ratio of 14.89 and a beta of 0.53.

Zayo Group (NYSE:ZAYO) last posted its quarterly earnings results on Monday, November 6th. The technology company reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.01). Zayo Group had a net margin of 3.99% and a return on equity of 8.01%. research analysts predict that Zayo Group Holdings Inc will post 0.49 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the stock. Hussman Strategic Advisors Inc. bought a new stake in Zayo Group during the 3rd quarter valued at $1,721,000. Cibc World Markets Corp bought a new stake in Zayo Group during the 2nd quarter valued at $16,995,000. Jana Partners LLC raised its holdings in Zayo Group by 48.0% during the 3rd quarter. Jana Partners LLC now owns 4,175,993 shares of the technology company’s stock valued at $143,738,000 after buying an additional 1,353,775 shares during the last quarter. Clinton Group Inc. bought a new stake in Zayo Group during the 2nd quarter valued at $1,134,000. Finally, JHL Capital Group LLC raised its holdings in Zayo Group by 9.5% during the 2nd quarter. JHL Capital Group LLC now owns 1,440,000 shares of the technology company’s stock valued at $44,496,000 after buying an additional 125,000 shares during the last quarter. Institutional investors own 84.08% of the company’s stock.

A number of research firms have commented on ZAYO. Barclays reissued a “buy” rating and issued a $41.00 price target on shares of Zayo Group in a research note on Friday. SunTrust Banks reissued a “buy” rating and issued a $45.00 price target on shares of Zayo Group in a research note on Thursday, December 7th. BidaskClub lowered shares of Zayo Group from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. UBS Group assumed coverage on shares of Zayo Group in a report on Tuesday, October 17th. They issued a “buy” rating for the company. Finally, Oppenheimer restated a “buy” rating and issued a $42.00 price objective on shares of Zayo Group in a report on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. Zayo Group currently has a consensus rating of “Hold” and an average price target of $39.50.

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Zayo Group 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 (NYSE:ZAYO)

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