Zayo Group Holdings, Inc. (ZAYO) Major Shareholder Sells $168,730,000.00 in Stock
Zayo Group Holdings, Inc. (NYSE:ZAYO) major shareholder Fund X/A Lp Gtcr sold 4,700,000 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $35.90, for a total transaction of $168,730,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Zayo Group Holdings, Inc. (NYSE:ZAYO) traded up $0.01 during trading hours on Wednesday, hitting $35.70. 1,643,730 shares of the stock were exchanged, compared to its average volume of 2,353,225. Zayo Group Holdings, Inc. has a twelve month low of $29.30 and a twelve month high of $36.79. The company has a market cap of $8,820.00, a PE ratio of 80.91, a P/E/G ratio of 14.82 and a beta of 0.56. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.81.
Zayo Group Holdings (NYSE:ZAYO) last released its quarterly earnings results on Monday, August 21st. The technology company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). Zayo Group Holdings had a net margin of 3.61% and a return on equity of 6.44%. The firm had revenue of $638.00 million during the quarter, compared to the consensus estimate of $642.67 million. During the same quarter in the prior year, the business posted ($0.13) earnings per share. The firm’s quarterly revenue was up 25.8% on a year-over-year basis. equities analysts expect that Zayo Group Holdings, Inc. will post 0.49 earnings per share for the current fiscal year.
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Several large investors have recently added to or reduced their stakes in ZAYO. Carmignac Gestion bought a new stake in shares of Zayo Group Holdings in the 2nd quarter valued at about $150,427,000. Neuberger Berman Group LLC boosted its holdings in shares of Zayo Group Holdings by 43,789.5% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,707,985 shares of the technology company’s stock valued at $83,677,000 after buying an additional 2,701,815 shares in the last quarter. USS Investment Management Ltd bought a new stake in shares of Zayo Group Holdings in the 2nd quarter valued at about $63,335,000. Janus Henderson Group PLC boosted its holdings in shares of Zayo Group Holdings by 13,304.8% in the 2nd quarter. Janus Henderson Group PLC now owns 1,420,376 shares of the technology company’s stock valued at $43,890,000 after buying an additional 1,409,780 shares in the last quarter. Finally, Jana Partners LLC boosted its holdings in shares of Zayo Group Holdings by 48.0% in the 3rd quarter. Jana Partners LLC now owns 4,175,993 shares of the technology company’s stock valued at $143,738,000 after buying an additional 1,353,775 shares in the last quarter. Institutional investors and hedge funds own 79.97% of the company’s stock.
ZAYO has been the topic of a number of research analyst reports. BidaskClub upgraded shares of Zayo Group Holdings from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $42.00 price target on shares of Zayo Group Holdings in a report on Wednesday, September 13th. Moffett Nathanson restated a “neutral” rating and issued a $39.00 price target (up from $34.00) on shares of Zayo Group Holdings in a report on Thursday, September 28th. Barclays PLC upped their price target on shares of Zayo Group Holdings from $36.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, October 18th. Finally, KeyCorp restated a “hold” rating on shares of Zayo Group Holdings in a report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $38.46.
Zayo Group Holdings Company Profile
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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