Christopher Morley Sells 30,862 Shares of Zayo Group Holdings Inc (ZAYO) Stock

Zayo Group Holdings Inc (NYSE:ZAYO) COO Christopher Morley sold 30,862 shares of the company’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $32.80, for a total transaction of $1,012,273.60. Following the sale, the chief operating officer now directly owns 693,490 shares of the company’s stock, valued at approximately $22,746,472. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Christopher Morley also recently made the following trade(s):

  • On Thursday, April 6th, Christopher Morley sold 129,651 shares of Zayo Group Holdings stock. The shares were sold at an average price of $32.62, for a total transaction of $4,229,215.62.
  • On Wednesday, March 1st, Christopher Morley sold 25,000 shares of Zayo Group Holdings stock. The shares were sold at an average price of $32.00, for a total transaction of $800,000.00.
  • On Wednesday, February 1st, Christopher Morley sold 25,000 shares of Zayo Group Holdings stock. The shares were sold at an average price of $31.68, for a total transaction of $792,000.00.

Shares of Zayo Group Holdings Inc (NYSE:ZAYO) opened at 34.33 on Friday. The firm has a 50-day moving average of $32.85 and a 200-day moving average of $32.40. Zayo Group Holdings Inc has a 12-month low of $24.84 and a 12-month high of $35.65. The firm’s market capitalization is $8.38 billion.

Zayo Group Holdings (NYSE:ZAYO) last released its quarterly earnings data on Thursday, February 9th. The technology company reported $0.08 EPS for the quarter, meeting analysts’ consensus estimates of $0.08. Zayo Group Holdings had a positive return on equity of 1.53% and a negative net margin of 0.74%. The business had revenue of $506.70 million for the quarter, compared to the consensus estimate of $514.71 million. During the same quarter in the prior year, the business posted ($0.04) EPS. The business’s revenue for the quarter was up 37.1% on a year-over-year basis. Equities analysts anticipate that Zayo Group Holdings Inc will post $0.36 earnings per share for the current year.

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

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Verde Servicos Internacionais S.A. acquired a new position in Zayo Group Holdings during the third quarter worth approximately $321,000. Brighton Jones LLC acquired a new position in Zayo Group Holdings during the third quarter worth approximately $364,000. Manning & Napier Advisors LLC acquired a new position in Zayo Group Holdings during the third quarter worth approximately $56,001,000. Bradley Foster & Sargent Inc. CT acquired a new position in Zayo Group Holdings during the third quarter worth approximately $1,085,000. Finally, Gilder Gagnon Howe & Co. LLC acquired a new position in Zayo Group Holdings during the third quarter worth approximately $44,938,000. Institutional investors and hedge funds own 67.35% of the company’s stock.

Several equities analysts recently commented on the stock. Cowen and Company reissued an “outperform” rating on shares of Zayo Group Holdings in a research note on Wednesday. Barclays PLC restated an “overweight” rating and issued a $38.00 price target on shares of Zayo Group Holdings in a research report on Thursday, March 30th. Zacks Investment Research cut shares of Zayo Group Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, March 28th. Royal Bank of Canada restated a “buy” rating and issued a $35.00 price target on shares of Zayo Group Holdings in a research report on Friday, March 17th. Finally, FBR & Co cut shares of Zayo Group Holdings from a “market perform” rating to an “underperform” rating and decreased their price target for the company from $30.00 to $25.00 in a research report on Friday, February 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $35.64.

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.

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