Zayo Group Holdings Inc (NYSE:ZAYO)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $34.72 and last traded at $34.70, with a volume of 1216673 shares trading hands. The stock had previously closed at $34.69.

Separately, ValuEngine lowered shares of Zayo Group from a “hold” rating to a “sell” rating in a research note on Tuesday, December 24th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $34.75.

The firm’s 50 day moving average price is $34.49 and its two-hundred day moving average price is $34.02. The company has a market cap of $8.23 billion, a P/E ratio of 56.08, a price-to-earnings-growth ratio of 15.14 and a beta of 0.73. The company has a debt-to-equity ratio of 4.56, a quick ratio of 0.61 and a current ratio of 0.61.

Zayo Group (NYSE:ZAYO) last released its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.10). The company had revenue of $638.60 million during the quarter, compared to the consensus estimate of $644.17 million. Zayo Group had a net margin of 5.66% and a return on equity of 11.34%. The business’s revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.09 EPS. As a group, analysts forecast that Zayo Group Holdings Inc will post 0.62 EPS for the current fiscal year.

In other Zayo Group news, COO John F. Jr. Waters sold 9,922 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $34.66, for a total transaction of $343,896.52. Following the completion of the sale, the chief operating officer now owns 136,098 shares in the company, valued at approximately $4,717,156.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Matt Steinfort sold 9,018 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $34.66, for a total transaction of $312,563.88. Following the sale, the chief financial officer now owns 83,616 shares of the company’s stock, valued at approximately $2,898,130.56. The disclosure for this sale can be found here. Insiders have sold a total of 32,442 shares of company stock valued at $1,124,248 in the last 90 days. 2.40% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Zayo Group by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 18,250,124 shares of the technology company’s stock worth $600,612,000 after acquiring an additional 436,643 shares in the last quarter. BlackRock Inc. grew its stake in shares of Zayo Group by 2.8% in the 2nd quarter. BlackRock Inc. now owns 12,877,964 shares of the technology company’s stock worth $423,813,000 after acquiring an additional 353,946 shares in the last quarter. Pentwater Capital Management LP grew its stake in shares of Zayo Group by 944.9% in the 2nd quarter. Pentwater Capital Management LP now owns 8,150,000 shares of the technology company’s stock worth $268,217,000 after acquiring an additional 7,370,000 shares in the last quarter. Morgan Stanley grew its stake in shares of Zayo Group by 7.5% in the 2nd quarter. Morgan Stanley now owns 4,997,983 shares of the technology company’s stock worth $164,483,000 after acquiring an additional 348,739 shares in the last quarter. Finally, UBS Group AG grew its stake in shares of Zayo Group by 29.4% in the 2nd quarter. UBS Group AG now owns 2,820,002 shares of the technology company’s stock worth $92,806,000 after acquiring an additional 640,544 shares in the last quarter. Institutional investors and hedge funds own 86.84% of the company’s stock.

Zayo Group Company Profile (NYSE:ZAYO)

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: Risk Tolerance

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