Insider Selling: Zayo Group Holdings Inc (ZAYO) CEO Sells $458,750.00 in Stock

Zayo Group Holdings Inc (NYSE:ZAYO) CEO Daniel Caruso sold 12,500 shares of Zayo Group stock in a transaction on Friday, January 12th. The stock was sold at an average price of $36.70, for a total transaction of $458,750.00. Following the transaction, the chief executive officer now owns 4,286,654 shares in the company, valued at approximately $157,320,201.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 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.

Shares of Zayo Group Holdings Inc (NYSE:ZAYO) opened at $36.46 on Monday. 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 firm has a market cap of $8,990.00, a price-to-earnings ratio of 95.95, a price-to-earnings-growth ratio of 14.84 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 earnings per share for the quarter, missing the 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%. equities research analysts predict that Zayo Group Holdings Inc will post 0.49 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of ZAYO. Carmignac Gestion bought a new stake in Zayo Group in the second quarter valued at $150,427,000. Janus Henderson Group PLC increased its stake in Zayo Group by 13,304.8% in the second quarter. Janus Henderson Group PLC now owns 1,420,376 shares of the technology company’s stock valued at $43,890,000 after purchasing an additional 1,409,780 shares in the last quarter. Jana Partners LLC increased its stake in 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 purchasing an additional 1,353,775 shares in the last quarter. Vanguard Group Inc. increased its stake in 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 purchasing an additional 1,127,326 shares in the last quarter. Finally, Thornburg Investment Management Inc. bought a new stake in Zayo Group in the third quarter valued at $35,451,000. 84.07% of the stock is owned by hedge funds and other institutional investors.

ZAYO has been the subject of a number of analyst reports. UBS Group initiated coverage on shares of Zayo Group in a research note on Tuesday, October 17th. They set a “buy” rating for the company. Cowen reissued a “buy” rating on shares of Zayo Group in a research note on Friday, November 10th. TheStreet raised shares of Zayo Group from a “c” rating to a “b-” rating in a research note on Tuesday, October 17th. BidaskClub raised shares of Zayo Group from a “sell” rating to a “hold” rating in a research note on Friday, October 20th. Finally, SunTrust Banks reissued a “buy” rating and set a $45.00 target price on shares of Zayo Group in a research note on Thursday, December 7th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. Zayo Group presently has a consensus rating of “Hold” and a consensus price target of $39.42.

COPYRIGHT VIOLATION NOTICE: “Insider Selling: Zayo Group Holdings Inc (ZAYO) CEO Sells $458,750.00 in Stock” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this story can be viewed at https://ledgergazette.com/2018/01/15/insider-selling-zayo-group-holdings-inc-zayo-ceo-sells-458750-00-in-stock.html.

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.

Insider Buying and Selling by Quarter for Zayo Group (NYSE:ZAYO)

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