Insider Selling: Zayo Group Holdings Inc (ZAYO) COO Sells 19,537 Shares of Stock

Zayo Group Holdings Inc (NYSE:ZAYO) COO Andrew Crouch sold 19,537 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $36.14, for a total transaction of $706,067.18. Following the completion of the sale, the chief operating officer now owns 76,647 shares of the company’s stock, valued at $2,770,022.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Zayo Group Holdings Inc (ZAYO) opened at $36.32 on Tuesday. Zayo Group Holdings Inc has a twelve month low of $29.73 and a twelve month high of $37.26. The firm has a market cap of $8,950.00, a PE ratio of 95.58, a P/E/G ratio of 14.67 and a beta of 0.53. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.81.

Institutional investors have recently added to or reduced their stakes in the stock. Thompson Davis & CO. Inc. boosted its holdings in Zayo Group 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 purchasing an additional 3,250 shares during the last quarter. Mutual of America Capital Management LLC purchased a new position in Zayo Group during the second quarter worth about $142,000. Rehmann Capital Advisory Group purchased a new position in Zayo Group during the third quarter worth about $212,000. Cadence Capital Management LLC purchased a new position in Zayo Group during the third quarter worth about $232,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Zayo Group during the third quarter worth about $235,000. Institutional investors and hedge funds own 84.07% of the company’s stock.

A number of equities research analysts have commented on ZAYO shares. Oppenheimer restated a “buy” rating and issued a $42.00 price target on shares of Zayo Group in a report on Wednesday, September 13th. Moffett Nathanson reiterated a “neutral” rating and set a $39.00 price objective (up from $34.00) on shares of Zayo Group in a report on Thursday, September 28th. BidaskClub cut shares of Zayo Group from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. KeyCorp reiterated a “hold” rating on shares of Zayo Group in a report on Wednesday, October 11th. Finally, UBS Group started coverage on shares of Zayo Group in a report on Tuesday, October 17th. They set a “buy” rating for the company. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company’s stock. Zayo Group has a consensus rating of “Hold” and an average price target of $39.46.

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Zayo Group 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.

Insider Buying and Selling by Quarter for Zayo Group (NYSE:ZAYO)

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