The Insider Selling: Zayo Group Holdings Inc. (ZAYO) CFO Sold $100,805.64 in Stock

The Insider Selling: Zayo Group Holdings Inc. (ZAYO) CFO Sold $100,805.64 in Stock

Zayo Group Holdings Inc. (NYSE:ZAYO) CFO Kenneth Desgarennes sold 3,401 shares of the stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $29.64, for a total transaction of $100,805.64. Following the sale, the chief financial officer now directly owns 2,332,340 shares in the company, valued at $69,130,557.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Kenneth Desgarennes also recently made the following trade(s): On Thursday, October 6th, Kenneth Desgarennes sold 3,278 shares of Zayo Group Holdings stock. The shares were sold at an average price of $31.01, for a total transaction of $101,650.78. On Thursday, September 22nd, Kenneth Desgarennes sold 62,500 shares of Zayo Group Holdings stock. The shares were sold at an average price of $29.83, for a total transaction of $1,864,375.00. On Monday, August 22nd, Kenneth Desgarennes sold 62,500 shares of Zayo Group Holdings stock. The shares were sold at an average price of $28.99, for a total transaction of $1,811,875.00. On Friday, July 22nd, Kenneth Desgarennes sold 62,500 shares of Zayo Group Holdings stock. The shares were sold at an average price of $29.54, for a total transaction of $1,846,250.00.

Shares of Zayo Group Holdings Inc. (NYSE:ZAYO) opened at 30.68 on Monday. The company’s market cap is $7.44 billion. Zayo Group Holdings Inc. has a 52-week low of $19.59 and a 52-week high of $31.08. The stock’s 50 day moving average is $29.53 and its 200 day moving average is $27.68.

Zayo Group Holdings (NYSE:ZAYO) last posted its quarterly earnings data on Thursday, August 25th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.15. Zayo Group Holdings had a negative net margin of 4.43% and a negative return on equity of 3.44%. The company had revenue of $507.30 million for the quarter, compared to analyst estimates of $498.62 million. During the same quarter last year, the company earned $0.02 EPS. The business’s revenue was up 40.2% compared to the same quarter last year. Equities analysts forecast that Zayo Group Holdings Inc. will post $0.26 EPS for the current year.

A number of analysts have recently issued reports on ZAYO shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Zayo Group Holdings in a report on Sunday, July 24th. Oppenheimer Holdings Inc. raised their price target on shares of Zayo Group Holdings from $32.00 to $35.00 and gave the company an “outperform” rating in a report on Tuesday, August 30th. Zacks Investment Research raised shares of Zayo Group Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, August 31st. William Blair reaffirmed an “outperform” rating on shares of Zayo Group Holdings in a report on Friday, August 26th. Finally, FBR & Co reaffirmed a “hold” rating on shares of Zayo Group Holdings in a report on Friday, August 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $30.15.

Several institutional investors have recently bought and sold shares of ZAYO. Bank of Montreal Can bought a new position in Zayo Group Holdings during the second quarter valued at about $37,513,000. BlackRock Inc. increased its position in Zayo Group Holdings by 67.7% in the first quarter. BlackRock Inc. now owns 15,224 shares of the company’s stock valued at $369,000 after buying an additional 6,146 shares during the period. HBK Investments L P bought a new position in Zayo Group Holdings during the first quarter valued at about $387,000. Turner Investments L.P. purchased a new stake in shares of Zayo Group Holdings during the second quarter worth approximately $2,403,000. Finally, Adage Capital Partners GP L.L.C. raised its stake in shares of Zayo Group Holdings by 35.7% in the first quarter. Adage Capital Partners GP L.L.C. now owns 950,000 shares of the company’s stock worth $23,028,000 after buying an additional 250,000 shares in the last quarter. Hedge funds and other institutional investors own 57.47% of the company’s stock.

Zayo Group Holdings Company Profile

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