Zayo Group Holdings Inc (NYSE:ZAYO) – Investment analysts at KeyCorp reduced their Q3 2018 EPS estimates for shares of Zayo Group in a research report issued to clients and investors on Wednesday. KeyCorp analyst B. Nispel now anticipates that the technology company will post earnings per share of $0.19 for the quarter, down from their previous estimate of $0.20. KeyCorp also issued estimates for Zayo Group’s Q4 2018 earnings at $0.21 EPS.

Other equities research analysts also recently issued research reports about the stock. TheStreet raised shares of Zayo Group from a “c” rating to a “b-” rating in a research note on Tuesday, October 17th. SunTrust Banks increased their target price on shares of Zayo Group to $45.00 and gave the company a “buy” rating in a research note on Thursday. Barclays restated a “buy” rating and issued a $41.00 price target on shares of Zayo Group in a report on Friday, January 19th. Citigroup restated a “buy” rating on shares of Zayo Group in a report on Thursday, December 14th. Finally, UBS Group started coverage on shares of Zayo Group in a report on Tuesday, October 17th. They issued a “buy” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $41.09.

Shares of Zayo Group (ZAYO) opened at $35.23 on Friday. Zayo Group has a 12 month low of $29.73 and a 12 month high of $37.95. The firm has a market cap of $8,640.07, a price-to-earnings ratio of 103.62, a PEG ratio of 14.18 and a beta of 0.47. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.81.

A number of institutional investors have recently modified their holdings of ZAYO. Prudential Financial Inc. grew its holdings in Zayo Group by 25.0% during the 2nd quarter. Prudential Financial Inc. now owns 12,000 shares of the technology company’s stock worth $371,000 after acquiring an additional 2,400 shares in the last quarter. Ameriprise Financial Inc. bought a new position in Zayo Group during the 2nd quarter worth about $899,000. Mutual of America Capital Management LLC bought a new position in Zayo Group during the 2nd quarter worth about $142,000. Northern Trust Corp grew its holdings in Zayo Group by 11.1% during the 2nd quarter. Northern Trust Corp now owns 877,850 shares of the technology company’s stock worth $27,126,000 after acquiring an additional 87,827 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its holdings in Zayo Group by 90.0% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 299,898 shares of the technology company’s stock worth $9,267,000 after acquiring an additional 142,082 shares in the last quarter. Institutional investors own 84.71% of the company’s stock.

In other news, CEO Daniel Caruso sold 17,950 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $37.76, for a total value of $677,792.00. Following the transaction, the chief executive officer now directly owns 4,274,654 shares in the company, valued at $161,410,935.04. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John F. Jr. Waters sold 10,711 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $36.14, for a total transaction of $387,095.54. Following the completion of the transaction, the insider now owns 73,244 shares in the company, valued at $2,647,038.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,992,882 shares of company stock worth $179,430,128. Company insiders own 5.20% of the company’s stock.

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About Zayo Group

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.

Earnings History and Estimates for Zayo Group (NYSE:ZAYO)

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