Zayo Group Holdings, Inc. (ZAYO) Major Shareholder Sells $161,445,000.00 in Stock

Zayo Group Holdings, Inc. (NYSE:ZAYO) major shareholder Fund X/C Lp Gtcr sold 4,700,000 shares of Zayo Group Holdings stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $34.35, for a total transaction of $161,445,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of Zayo Group Holdings, Inc. (NYSE ZAYO) opened at 35.27 on Friday. The stock has a 50 day moving average of $33.82 and a 200 day moving average of $32.76. Zayo Group Holdings, Inc. has a 12-month low of $29.10 and a 12-month high of $35.65. The company has a market cap of $8.69 billion, a price-to-earnings ratio of 100.77 and a beta of 0.55.

Zayo Group Holdings (NYSE:ZAYO) last posted its quarterly earnings data on Monday, August 21st. The technology company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.02). Zayo Group Holdings had a net margin of 3.90% and a return on equity of 7.48%. 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 previous year, the business posted ($0.13) EPS. The company’s revenue for the quarter was up 25.8% compared to the same quarter last year. Analysts forecast that Zayo Group Holdings, Inc. will post $0.60 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Shell Asset Management Co. boosted its stake in shares of Zayo Group Holdings by 0.7% in the second quarter. Shell Asset Management Co. now owns 15,459 shares of the technology company’s stock valued at $478,000 after purchasing an additional 111 shares during the period. Gilder Gagnon Howe & Co. LLC boosted its stake in shares of Zayo Group Holdings by 1.7% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 7,434 shares of the technology company’s stock valued at $230,000 after purchasing an additional 122 shares during the period. Comerica Bank boosted its stake in shares of Zayo Group Holdings by 3.7% in the first quarter. Comerica Bank now owns 6,702 shares of the technology company’s stock valued at $233,000 after purchasing an additional 238 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Zayo Group Holdings by 1.2% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 23,957 shares of the technology company’s stock valued at $740,000 after purchasing an additional 291 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Zayo Group Holdings by 1.7% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 18,130 shares of the technology company’s stock valued at $596,000 after purchasing an additional 300 shares during the period. 78.93% of the stock is owned by institutional investors and hedge funds.

Several research firms have issued reports on ZAYO. Zacks Investment Research cut shares of Zayo Group Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Stifel Nicolaus reissued a “buy” rating on shares of Zayo Group Holdings in a research report on Tuesday, August 22nd. Cowen and Company reissued a “buy” rating on shares of Zayo Group Holdings in a research report on Friday, August 11th. Deutsche Bank AG began coverage on shares of Zayo Group Holdings in a research report on Monday, August 28th. They issued a “hold” rating for the company. Finally, BidaskClub raised shares of Zayo Group Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $38.36.

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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