Insider Selling: Zayo Group Holdings Inc (NYSE:ZAYO) Director Sells $451,170.72 in Stock

Zayo Group Holdings Inc (NYSE:ZAYO) Director Mary Catherine Morris sold 13,772 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $32.76, for a total transaction of $451,170.72. Following the completion of the transaction, the director now owns 11,473 shares in the company, valued at $375,855.48. The sale was disclosed in a filing with the SEC, which is available through this link.

NYSE:ZAYO opened at $32.91 on Friday. The company’s 50 day moving average price is $32.76. The stock has a market capitalization of $7.75 billion, a PE ratio of 53.95, a price-to-earnings-growth ratio of 13.28 and a beta of 0.82. Zayo Group Holdings Inc has a 52 week low of $20.27 and a 52 week high of $39.66. The company has a debt-to-equity ratio of 4.84, a current ratio of 0.83 and a quick ratio of 0.83.

Zayo Group (NYSE:ZAYO) last posted its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.02). The company had revenue of $647.20 million during the quarter, compared to analysts’ expectations of $639.98 million. Zayo Group had a return on equity of 9.56% and a net margin of 5.06%. The company’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the prior year, the business posted $0.09 EPS. On average, equities analysts anticipate that Zayo Group Holdings Inc will post 0.5 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of ZAYO. Prudential Financial Inc. raised its holdings in shares of Zayo Group by 3.8% during the fourth quarter. Prudential Financial Inc. now owns 13,500 shares of the technology company’s stock worth $308,000 after purchasing an additional 500 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Zayo Group by 7.6% during the first quarter. Daiwa Securities Group Inc. now owns 7,750 shares of the technology company’s stock worth $220,000 after purchasing an additional 550 shares during the last quarter. Advisory Services Network LLC raised its holdings in shares of Zayo Group by 138.5% during the first quarter. Advisory Services Network LLC now owns 992 shares of the technology company’s stock worth $28,000 after purchasing an additional 576 shares during the last quarter. Elk Creek Partners LLC raised its holdings in shares of Zayo Group by 0.6% during the first quarter. Elk Creek Partners LLC now owns 105,777 shares of the technology company’s stock worth $3,006,000 after purchasing an additional 582 shares during the last quarter. Finally, Strs Ohio raised its holdings in shares of Zayo Group by 28.0% during the first quarter. Strs Ohio now owns 2,763 shares of the technology company’s stock worth $78,000 after purchasing an additional 604 shares during the last quarter. 92.66% of the stock is owned by institutional investors and hedge funds.

ZAYO has been the topic of a number of recent research reports. ValuEngine upgraded shares of Zayo Group from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Craig Hallum downgraded shares of Zayo Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th. Moffett Nathanson downgraded shares of Zayo Group from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 8th. Wells Fargo & Co downgraded shares of Zayo Group from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $34.00 to $35.00 in a research note on Wednesday, May 8th. Finally, Royal Bank of Canada downgraded shares of Zayo Group from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from $33.00 to $35.00 in a research note on Wednesday, May 8th. Thirteen analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Zayo Group presently has an average rating of “Hold” and a consensus price target of $35.02.

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.

Further Reading: What is a bull market?

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

Receive News & Ratings for Zayo Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zayo Group and related companies with MarketBeat.com's FREE daily email newsletter.