Zayo Group Holdings, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Rottenberg Linda has sold 537 shares of Zayo Group Holdings, Inc. Stifel Nicolaus initiated coverage on Zayo Group Holdings in a research note on Friday, January 13th. The stock has a 50 day moving average of $33.68 and a 200-day moving average of $32.74.
Many Analysts provided their foresight on Revenue Estimates of Zayo Group Holdings, Inc. where they believe that the company has the potential to earn average revenue of $1 for the current quarter. Finally, Canada Pension Plan Investment Board increased its position in shares of Zayo Group Holdings by 7,453.9% in the first quarter. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $36.92. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The company's last traded volume of 14.4 million shares was up it's an average volume of 2.39 million shares.
In March, Zayo announced it acquired Electric Lightwave Parent Inc., which includes and 8,100 miles of long-haul fiber and 4,000 miles of dense metro fiber in Denver, Minneapolis, Portland, Seattle, San Francisco and other West Coast cities. The company had a trading volume of 1,743,551 shares. The stock of Zayo Group Holdings Inc (NYSE:ZAYO) earned "Equal-Weight" rating by Stephens on Friday, August 26. On Monday, April 3 Morley Christopher sold $1.01M worth of Zayo Group Holdings Inc (NYSE:ZAYO) or 30,862 shares. Insiders sold 903,199 shares of company stock valued at $29,891,822 in the last quarter.
Several brokerages have commented on ZAYO. Zacks Investment Research upgraded Zayo Group Holdings from a "hold" rating to a "buy" rating and set a $39.00 target price for the company in a research report on Wednesday, May 3rd.
In recent action, Zayo Group Holdings, Inc. (ZAYO) is 7.99 Billion. The company is expected to report EPS as high as $0.27 and as low as $0.10 per share. The business had revenue of $550.20 million for the quarter, compared to analyst estimates of $545.63 million. The stock now has an average rating of "Buy" and an average target price of $36.38. Fmr Lc holds 0.02% in Zayo Group Holdings Inc (NYSE:ZAYO) or 3.73 million shares. If you are viewing this report on another website, it was copied illegally and republished in violation of United States and global copyright law. Zayo Group Holdings's revenue for the quarter was up 15.1% on a year-over-year basis. Following the completion of the sale, the chief operating officer now directly owns 532,977 shares in the company, valued at approximately $18,654,195. Also, Director Richard W. Connor sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, April 25th. The disclosure for this sale can be found here.
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Three Peaks Capital Management Llc increased Crown Castle Intl Corp New (NYSE:CCI) stake by 66,818 shares to 129,866 valued at $11.27M in 2016Q4.
Since November 18, 2016, it had 0 insider buys, and 37 sales for $212.87 million activity. CT purchased a new stake in shares of Zayo Group Holdings during the third quarter valued at approximately $1,085,000.
A number of large investors have recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado raised its stake in Zayo Group Holdings by 0.4% in the third quarter. The company has dropped -10.32% in past 3 months and in the last five trades has moved down -6.95%. Finally, LMR Partners LLP acquired a new stake in shares of Zayo Group Holdings during the third quarter worth $3,056,000.
In addition to releasing its quarterly earnings, Zay also announced a new president of sales. The Firm operates in five divisions: Dark Fiber Solutions, Network Connectivity, Colocation and Cloud Infrastructure, Zayo Canada and Other.
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