Zayo Group Holdings, Inc. (ZAYO) Given Consensus Rating of “Hold” by Brokerages
Zayo Group Holdings, Inc. (NYSE:ZAYO) has been assigned an average rating of “Hold” from the twenty-three ratings firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $37.73.
A number of brokerages have recently commented on ZAYO. UBS Group AG began coverage on Zayo Group Holdings in a report on Tuesday, October 17th. They issued a “buy” rating on the stock. Cowen Inc restated a “buy” rating on shares of Zayo Group Holdings in a report on Friday, November 10th. TheStreet upgraded Zayo Group Holdings from a “c” rating to a “b-” rating in a report on Tuesday, October 17th. BidaskClub upgraded Zayo Group Holdings from a “sell” rating to a “hold” rating in a report on Friday, October 20th. Finally, Stifel Nicolaus restated a “buy” rating on shares of Zayo Group Holdings in a report on Tuesday, August 22nd.
In related news, 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 document filed with the SEC, which is available at this hyperlink. Also, CEO Daniel Caruso sold 295,078 shares of the company’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $33.89, for a total value of $10,000,193.42. Following the sale, the chief executive officer now owns 4,284,854 shares in the company, valued at approximately $145,213,702.06. The disclosure for this sale can be found here. Insiders have sold 9,932,426 shares of company stock worth $348,372,722 in the last quarter. 5.20% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Thompson Davis & CO. Inc. increased its position in Zayo Group Holdings by 2,600.0% during the third quarter. Thompson Davis & CO. Inc. now owns 3,375 shares of the technology company’s stock worth $116,000 after buying an additional 3,250 shares during the last quarter. Mutual of America Capital Management LLC acquired a new position in Zayo Group Holdings during the second quarter worth approximately $142,000. Rehmann Capital Advisory Group acquired a new position in Zayo Group Holdings during the third quarter worth approximately $212,000. Gilder Gagnon Howe & Co. LLC increased its position in Zayo Group Holdings by 1.7% during the second quarter. Gilder Gagnon Howe & Co. LLC now owns 7,434 shares of the technology company’s stock worth $230,000 after buying an additional 122 shares during the last quarter. Finally, Cadence Capital Management LLC acquired a new position in Zayo Group Holdings during the third quarter worth approximately $232,000. Institutional investors and hedge funds own 79.97% of the company’s stock.
Zayo Group Holdings (NYSE:ZAYO) traded up $0.01 during mid-day trading on Thursday, reaching $35.70. The company’s stock had a trading volume of 1,643,700 shares, compared to its average volume of 2,353,225. The company has a market capitalization of $8,828.47, a price-to-earnings ratio of 79.31, a PEG ratio of 14.52 and a beta of 0.56. Zayo Group Holdings has a 52-week low of $29.30 and a 52-week high of $36.79. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.81.
Zayo Group Holdings (NYSE:ZAYO) last issued its quarterly earnings results on Monday, August 21st. The technology company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). The firm had revenue of $638.00 million during the quarter, compared to the consensus estimate of $642.67 million. Zayo Group Holdings had a net margin of 3.99% and a return on equity of 8.01%. The business’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same quarter last year, the firm earned ($0.13) earnings per share. sell-side analysts expect that Zayo Group Holdings will post 0.49 earnings per share for the current year.
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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