Zayo Group Holdings Inc (NYSE:ZAYO) CFO Matt Steinfort sold 10,350 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $34.90, for a total transaction of $361,215.00. Following the completion of the sale, the chief financial officer now directly owns 64,248 shares of the company’s stock, valued at $2,242,255.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Matt Steinfort also recently made the following trade(s):
- On Friday, January 3rd, Matt Steinfort sold 9,018 shares of Zayo Group stock. The shares were sold at an average price of $34.66, for a total transaction of $312,563.88.
ZAYO stock opened at $34.91 on Thursday. Zayo Group Holdings Inc has a 12 month low of $24.20 and a 12 month high of $34.94. The firm has a market cap of $8.30 billion, a PE ratio of 46.55, a P/E/G ratio of 14.47 and a beta of 0.69. The firm has a 50 day simple moving average of $34.75 and a 200 day simple moving average of $34.21. The company has a debt-to-equity ratio of 4.23, a current ratio of 0.54 and a quick ratio of 0.54.
Zayo Group (NYSE:ZAYO) last released its earnings results on Tuesday, February 4th. The technology company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.18 by $0.08. Zayo Group had a net margin of 6.83% and a return on equity of 13.03%. The business had revenue of $653.70 million during the quarter, compared to analyst estimates of $640.13 million. During the same period in the prior year, the business earned $0.13 earnings per share. The business’s quarterly revenue was up 2.3% on a year-over-year basis. As a group, sell-side analysts expect that Zayo Group Holdings Inc will post 0.66 earnings per share for the current year.
A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in Zayo Group by 2.8% during the second quarter. BlackRock Inc. now owns 12,877,964 shares of the technology company’s stock valued at $423,813,000 after purchasing an additional 353,946 shares during the last quarter. Credit Suisse AG raised its holdings in shares of Zayo Group by 20.9% during the fourth quarter. Credit Suisse AG now owns 5,560,638 shares of the technology company’s stock valued at $192,676,000 after acquiring an additional 961,588 shares during the period. State Street Corp raised its holdings in shares of Zayo Group by 1.7% during the fourth quarter. State Street Corp now owns 4,851,777 shares of the technology company’s stock valued at $168,114,000 after acquiring an additional 79,513 shares during the period. Water Island Capital LLC raised its holdings in shares of Zayo Group by 39.1% during the fourth quarter. Water Island Capital LLC now owns 3,882,073 shares of the technology company’s stock valued at $134,514,000 after acquiring an additional 1,091,250 shares during the period. Finally, California Public Employees Retirement System raised its holdings in shares of Zayo Group by 322.7% during the fourth quarter. California Public Employees Retirement System now owns 1,837,606 shares of the technology company’s stock valued at $63,673,000 after acquiring an additional 1,402,898 shares during the period. 86.72% of the stock is owned by institutional investors and hedge funds.
Several analysts recently commented on the stock. Royal Bank of Canada reissued a “hold” rating and set a $35.00 target price on shares of Zayo Group in a research note on Sunday. ValuEngine lowered shares of Zayo Group from a “hold” rating to a “sell” rating in a research note on Tuesday, December 24th. One investment analyst has rated the stock with a sell rating and eleven have issued a hold rating to the stock. Zayo Group currently has an average rating of “Hold” and a consensus price target of $34.62.
About Zayo Group
Zayo Group Holdings, Inc, through its subsidiaries, provides bandwidth infrastructure solutions for the communications industry in the United States, Canada, and Europe. The company operates in six segments: Fiber Solutions, Transport, Enterprise Networks, Zayo Colocation (zColo), Allstream, and Other.
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