Zayo Group Holdings Inc (NYSE:ZAYO) has been assigned an average recommendation of “Hold” from the twenty-two ratings firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $38.33.
A number of research firms have recently weighed in on ZAYO. Citigroup reiterated a “buy” rating on shares of Zayo Group in a report on Thursday, December 14th. BidaskClub raised Zayo Group from a “sell” rating to a “hold” rating in a research note on Friday, October 20th. Barclays reissued a “buy” rating and set a $41.00 target price on shares of Zayo Group in a research note on Friday, January 19th. TheStreet raised Zayo Group from a “c” rating to a “b-” rating in a research note on Tuesday, October 17th. Finally, Morgan Stanley raised Zayo Group from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $33.00 to $40.00 in a research note on Tuesday, December 12th.
Zayo Group (NYSE:ZAYO) traded down $0.45 during midday trading on Tuesday, hitting $36.05. The stock had a trading volume of 2,763,499 shares, compared to its average volume of 1,612,916. The stock has a market cap of $8,730.00, a PE ratio of 94.87, a PEG ratio of 14.90 and a beta of 0.47. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.81. Zayo Group has a fifty-two week low of $29.73 and a fifty-two week high of $37.49.
In other Zayo Group news, CEO Daniel Caruso sold 123,738 shares of the stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $36.80, for a total value of $4,553,558.40. Following the sale, the chief executive officer now owns 4,286,654 shares of the company’s stock, valued at approximately $157,748,867.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Fund X/A Lp Gtcr sold 4,700,000 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $35.90, for a total value of $168,730,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,974,932 shares of company stock worth $178,752,336. 5.20% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. Hussman Strategic Advisors Inc. acquired a new stake in Zayo Group in the 3rd quarter valued at about $1,721,000. Jana Partners LLC raised its position in Zayo Group by 48.0% in the 3rd quarter. Jana Partners LLC now owns 4,175,993 shares of the technology company’s stock valued at $143,738,000 after purchasing an additional 1,353,775 shares in the last quarter. California State Teachers Retirement System raised its position in Zayo Group by 6.4% in the 2nd quarter. California State Teachers Retirement System now owns 345,151 shares of the technology company’s stock valued at $10,665,000 after purchasing an additional 20,860 shares in the last quarter. Swiss National Bank raised its position in Zayo Group by 2.1% in the 3rd quarter. Swiss National Bank now owns 806,500 shares of the technology company’s stock valued at $27,760,000 after purchasing an additional 16,700 shares in the last quarter. Finally, Brown Advisory Inc. raised its position in Zayo Group by 46.1% in the 3rd quarter. Brown Advisory Inc. now owns 15,853 shares of the technology company’s stock valued at $546,000 after purchasing an additional 5,000 shares in the last quarter. 84.71% of the stock is currently owned by institutional investors.
About Zayo Group
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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