Zayo Group Holdings Inc (NYSE:ZAYO) has been given an average rating of “Hold” by the eighteen research firms that are covering the firm, MarketBeat reports. Thirteen analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $34.32.
A number of brokerages recently issued reports on ZAYO. Royal Bank of Canada downgraded Zayo Group from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from $33.00 to $35.00 in a research report on Wednesday, May 8th. Craig Hallum downgraded Zayo Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 8th. William Blair restated an “outperform” rating on shares of Albireo Pharma in a research note on Thursday, May 9th. Citigroup set a $6.00 target price on Solid Biosciences and gave the stock a “hold” rating in a research note on Thursday, May 16th. Finally, Wells Fargo & Co restated a “hold” rating and set a $11.00 target price on shares of Coty in a research note on Wednesday, May 8th.
Shares of Zayo Group stock traded up $0.04 on Tuesday, hitting $33.54. The stock had a trading volume of 1,558,500 shares, compared to its average volume of 5,132,861. Zayo Group has a twelve month low of $20.27 and a twelve month high of $38.19. The company has a 50 day moving average price of $33.07. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 4.84. The firm has a market capitalization of $7.90 billion, a PE ratio of 54.98, a price-to-earnings-growth ratio of 10.22 and a beta of 0.77.
In other Zayo Group news, Director Mary Catherine Morris sold 13,772 shares of the stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $32.76, for a total transaction of $451,170.72. Following the completion of the sale, the director now directly owns 11,473 shares in the company, valued at approximately $375,855.48. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Daniel Caruso sold 432,200 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $32.65, for a total value of $14,111,330.00. Following the sale, the chief executive officer now owns 380,547 shares of the company’s stock, valued at $12,424,859.55. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,437,607 shares of company stock valued at $47,051,887. 4.50% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. Advisory Services Network LLC boosted its stake in Zayo Group by 138.5% during the 1st quarter. Advisory Services Network LLC now owns 992 shares of the technology company’s stock valued at $28,000 after purchasing an additional 576 shares during the last quarter. Truvestments Capital LLC acquired a new position in Zayo Group during the 1st quarter valued at about $53,000. Strs Ohio boosted its stake in Zayo Group by 28.0% during the 1st quarter. Strs Ohio now owns 2,763 shares of the technology company’s stock valued at $78,000 after purchasing an additional 604 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in Zayo Group by 1,618.3% during the 1st quarter. Quadrant Capital Group LLC now owns 3,282 shares of the technology company’s stock valued at $90,000 after purchasing an additional 3,091 shares during the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new position in Zayo Group during the 1st quarter valued at about $90,000. Institutional investors own 92.56% of the company’s stock.
About Zayo Group
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.
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