Zayo Group Holdings Inc (NYSE:ZAYO) CEO Daniel Caruso sold 87,741 shares of the firm’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $36.05, for a total transaction of $3,163,063.05. Following the completion of the transaction, the chief executive officer now directly owns 4,383,535 shares in the company, valued at approximately $158,026,436.75. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Daniel Caruso also recently made the following trade(s):
- On Tuesday, January 2nd, Daniel Caruso sold 17,723 shares of Zayo Group stock. The shares were sold at an average price of $36.39, for a total transaction of $644,939.97.
Shares of Zayo Group Holdings Inc (NYSE:ZAYO) opened at $36.31 on Wednesday. The company has a debt-to-equity ratio of 3.81, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market cap of $8,950.00, a P/E ratio of 95.55, a price-to-earnings-growth ratio of 14.67 and a beta of 0.53. Zayo Group Holdings Inc has a fifty-two week low of $29.73 and a fifty-two week high of $37.26.
Several brokerages have recently issued reports on ZAYO. Citigroup reaffirmed a “buy” rating on shares of Zayo Group in a research note on Thursday, December 14th. Morgan Stanley upgraded shares of Zayo Group from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $33.00 to $40.00 in a research report on Tuesday, December 12th. SunTrust Banks reiterated a “buy” rating and issued a $45.00 price target on shares of Zayo Group in a research report on Thursday, December 7th. TheStreet downgraded shares of Zayo Group from a “b-” rating to a “c+” rating in a research report on Monday, November 13th. Finally, Cowen reiterated a “buy” rating on shares of Zayo Group in a research report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target 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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