Zayo Group Holdings, Inc. (NYSE:ZAYO) CEO Daniel Caruso sold 154,402 shares of the stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $32.38, for a total transaction of $4,999,536.76. Following the completion of the sale, the chief executive officer now directly owns 4,608,165 shares in the company, valued at $149,212,382.70. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Daniel Caruso also recently made the following trade(s):
- On Monday, July 31st, Daniel Caruso sold 152,900 shares of Zayo Group Holdings stock. The shares were sold at an average price of $32.70, for a total transaction of $4,999,830.00.
- On Wednesday, July 5th, Daniel Caruso sold 11,324 shares of Zayo Group Holdings stock. The shares were sold at an average price of $30.58, for a total transaction of $346,287.92.
- On Thursday, July 6th, Daniel Caruso sold 101,840 shares of Zayo Group Holdings stock. The shares were sold at an average price of $30.30, for a total transaction of $3,085,752.00.
- On Monday, June 12th, Daniel Caruso sold 49,868 shares of Zayo Group Holdings stock. The shares were sold at an average price of $32.03, for a total transaction of $1,597,272.04.
Shares of Zayo Group Holdings, Inc. (ZAYO) opened at 33.36 on Friday. The firm has a 50-day moving average of $32.02 and a 200 day moving average of $32.33. The firm has a market cap of $8.20 billion, a P/E ratio of 256.62 and a beta of 0.56. Zayo Group Holdings, Inc. has a 12 month low of $27.74 and a 12 month high of $35.65.
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A number of research analysts have issued reports on ZAYO shares. Zacks Investment Research upgraded shares of Zayo Group Holdings from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Wednesday, May 3rd. Citigroup Inc. upped their target price on shares of Zayo Group Holdings from $38.00 to $43.00 and gave the company a “buy” rating in a report on Tuesday, April 25th. Goldman Sachs Group, Inc. (The) lowered shares of Zayo Group Holdings from a “conviction-buy” rating to a “buy” rating in a report on Friday, May 19th. Cowen and Company restated a “buy” rating on shares of Zayo Group Holdings in a report on Friday, August 11th. Finally, Pacific Crest reiterated an “equal weight” rating on shares of Zayo Group Holdings in a report on Friday, June 23rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $37.85.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Shell Asset Management Co. increased its position in Zayo Group Holdings by 0.7% in the second quarter. Shell Asset Management Co. now owns 15,459 shares of the technology company’s stock worth $478,000 after buying an additional 111 shares in the last quarter. Gilder Gagnon Howe & Co. LLC increased its position in Zayo Group Holdings by 1.7% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 7,434 shares of the technology company’s stock worth $230,000 after buying an additional 122 shares in the last quarter. Gulf International Bank UK Ltd increased its position in Zayo Group Holdings by 0.4% in the first quarter. Gulf International Bank UK Ltd now owns 53,200 shares of the technology company’s stock worth $1,750,000 after buying an additional 200 shares in the last quarter. Comerica Bank increased its position in Zayo Group Holdings by 3.7% in the first quarter. Comerica Bank now owns 6,702 shares of the technology company’s stock worth $233,000 after buying an additional 238 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Zayo Group Holdings by 1.2% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 23,957 shares of the technology company’s stock worth $740,000 after buying an additional 291 shares in the last quarter. Hedge funds and other institutional investors own 75.89% of the company’s stock.
Zayo Group Holdings 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.
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