Zayo Group Holdings Inc (NYSE:ZAYO) CEO Daniel Caruso sold 17,723 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $36.39, for a total value of $644,939.97. Following the completion of the transaction, the chief executive officer now directly owns 4,383,535 shares in the company, valued at approximately $159,516,838.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Daniel Caruso also recently made the following trade(s):
- On Monday, January 8th, Daniel Caruso sold 87,741 shares of Zayo Group stock. The shares were sold at an average price of $36.05, for a total value of $3,163,063.05.
Shares of Zayo Group Holdings Inc (NYSE ZAYO) opened at $36.36 on Thursday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.81. Zayo Group Holdings Inc has a 12 month low of $29.73 and a 12 month high of $37.26. The firm has a market capitalization of $8,860.00, a P/E ratio of 95.68, a P/E/G ratio of 14.67 and a beta of 0.53.
Several institutional investors have recently bought and sold shares of the stock. Dodge & Cox boosted its stake in shares of Zayo Group by 0.6% in the second quarter. Dodge & Cox now owns 16,565,828 shares of the technology company’s stock valued at $511,884,000 after buying an additional 96,250 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Zayo Group by 8.9% in the second quarter. Vanguard Group Inc. now owns 13,786,315 shares of the technology company’s stock valued at $425,998,000 after buying an additional 1,127,326 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Zayo Group by 8.7% in the second quarter. BlackRock Inc. now owns 10,207,343 shares of the technology company’s stock valued at $315,410,000 after buying an additional 813,652 shares in the last quarter. Carmignac Gestion boosted its stake in shares of Zayo Group by 6.7% in the third quarter. Carmignac Gestion now owns 5,196,674 shares of the technology company’s stock valued at $178,870,000 after buying an additional 328,486 shares in the last quarter. Finally, Jana Partners LLC boosted its stake in shares of Zayo Group by 48.0% in the third 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 in the last quarter. Hedge funds and other institutional investors own 84.07% of the company’s stock.
ZAYO has been the topic of a number of recent research reports. Oppenheimer reissued a “buy” rating and issued a $42.00 target price on shares of Zayo Group in a report on Wednesday, September 13th. Moffett Nathanson reissued a “neutral” rating and issued a $39.00 target price (up previously from $34.00) on shares of Zayo Group in a report on Thursday, September 28th. BidaskClub lowered Zayo Group from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. KeyCorp reissued a “hold” rating on shares of Zayo Group in a report on Wednesday, October 11th. Finally, UBS Group initiated coverage on Zayo Group in a report on Tuesday, October 17th. They issued a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $39.46.
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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.
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