Zayo Group Holdings Inc (ZAYO) Insider John F. Jr. Waters Sells 10,711 Shares

Zayo Group Holdings Inc (NYSE:ZAYO) insider John F. Jr. Waters sold 10,711 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $36.14, for a total transaction of $387,095.54. Following the completion of the transaction, the insider now directly owns 73,244 shares in the company, valued at approximately $2,647,038.16. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of Zayo Group Holdings Inc (NYSE:ZAYO) opened at $36.46 on Tuesday. The company has a debt-to-equity ratio of 3.81, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market cap of $9,018.95, a P/E ratio of 98.54, a P/E/G ratio of 14.84 and a beta of 0.53. Zayo Group Holdings Inc has a one year low of $29.73 and a one year high of $37.26.

Zayo Group (NYSE:ZAYO) last announced its quarterly earnings results on Monday, November 6th. The technology company reported $0.11 earnings per share (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%. analysts predict that Zayo Group Holdings Inc will post 0.49 EPS for the current fiscal year.

A number of analysts recently commented on the stock. SunTrust Banks reissued a “buy” rating and set a $45.00 price target on shares of Zayo Group in a research report on Thursday, December 7th. BidaskClub lowered shares of Zayo Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. UBS Group assumed coverage on shares of Zayo Group in a report on Tuesday, October 17th. They set a “buy” rating for the company. Oppenheimer reaffirmed a “buy” rating and set a $42.00 target price on shares of Zayo Group in a report on Tuesday, November 7th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Zayo Group in a report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $39.42.

Several hedge funds have recently bought and sold shares of ZAYO. Thompson Davis & CO. Inc. raised its stake in shares of Zayo Group by 2,600.0% during the third quarter. Thompson Davis & CO. Inc. now owns 3,375 shares of the technology company’s stock worth $116,000 after purchasing an additional 3,250 shares during the last quarter. Mutual of America Capital Management LLC purchased a new stake in shares of Zayo Group during the second quarter worth approximately $142,000. Rehmann Capital Advisory Group purchased a new stake in shares of Zayo Group during the third quarter worth approximately $212,000. Cadence Capital Management LLC purchased a new stake in shares of Zayo Group during the third quarter worth approximately $232,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Zayo Group during the third quarter worth approximately $235,000. 84.08% of the stock is owned by institutional investors and hedge funds.

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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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