Zayo Group Holdings Inc (NYSE:ZAYO) insider John F. Jr. Waters sold 10,711 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were 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 of the company’s stock, valued at $2,647,038.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Zayo Group Holdings Inc (ZAYO) traded up $0.27 on Monday, reaching $36.32. 1,187,718 shares of the company were exchanged, compared to its average volume of 2,030,000. The stock has a market capitalization of $8,950.00, a P/E ratio of 95.58, a P/E/G ratio of 14.67 and a beta of 0.53. The company has a debt-to-equity ratio of 3.81, a current ratio of 0.91 and a quick ratio of 0.91. Zayo Group Holdings Inc has a 1-year low of $29.73 and a 1-year high of $37.26.
ZAYO has been the subject of a number of analyst reports. Oppenheimer restated a “buy” rating and issued a $42.00 price objective on shares of Zayo Group in a research report on Wednesday, September 13th. Moffett Nathanson restated a “neutral” rating and issued a $39.00 price objective (up from $34.00) on shares of Zayo Group in a research report on Thursday, September 28th. Barclays raised their price objective on shares of Zayo Group from $36.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, October 18th. KeyCorp restated a “hold” rating on shares of Zayo Group in a research report on Wednesday, October 11th. Finally, Citigroup restated a “buy” rating on shares of Zayo Group in a research report on Thursday, December 14th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. Zayo Group has an average rating of “Hold” and a consensus target price of $39.46.
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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.
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