The Zayo Group Holdings, Inc. (ZAYO) Downgraded to “Underperform” at FBR & Co, Report finds

The Zayo Group Holdings, Inc. (ZAYO) Downgraded to “Underperform” at FBR & Co, Report finds

A number of other equities analysts also recently issued reports on ZAYO. Goldman Sachs Group, Inc. (The) upgraded Zayo Group Holdings from a buy rating to a conviction-buy rating and set a $39.00 price objective for the company in a report on Monday, October 31st. Pacific Crest reiterated a hold rating on shares of Zayo Group Holdings in a report on Tuesday, November 8th. Zacks Investment Research upgraded Zayo Group Holdings from a hold rating to a buy rating and set a $37.00 price objective for the company in a report on Saturday, November 12th. Royal Bank Of Canada increased their price objective on Zayo Group Holdings from $34.00 to $38.00 and gave the stock an outperform rating in a report on Thursday, December 1st. Finally, RBC Capital Markets reiterated an outperform rating and issued a $38.00 price objective (up previously from $34.00) on shares of Zayo Group Holdings in a report on Thursday, December 1st. Three research analysts have rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Zayo Group Holdings currently has a consensus rating of Hold and a consensus price target of $33.71.

FBR & Co downgraded shares of Zayo Group Holdings, Inc. (NYSE:ZAYO) from a market perform rating to an underperform rating in a research note published on Friday morning. The brokerage currently has $25.00 price target on the stock, down from their prior price target of $30.00.

Zayo Group Holdings (NYSE:ZAYO) traded up 0.89% during trading on Friday, reaching $31.63. 752,736 shares of the company were exchanged. The stock’s market capitalization is $7.72 billion. Zayo Group Holdings has a one year low of $19.59 and a one year high of $35.65. The firm’s 50 day moving average price is $31.82 and its 200-day moving average price is $31.22.

Zayo Group Holdings (NYSE:ZAYO) last posted its quarterly earnings data on Thursday, February 9th. The company reported $0.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.08. The business earned $506.70 million during the quarter, compared to the consensus estimate of $514.71 million. Zayo Group Holdings had a positive return on equity of 1.53% and a negative net margin of 0.74%. The firm’s quarterly revenue was up 37.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.04) earnings per share. On average, equities research analysts predict that Zayo Group Holdings will post $0.30 earnings per share for the current year.

In other Zayo Group Holdings news, COO Christopher Morley sold 25,000 shares of the company’s stock in a transaction on Wednesday, February 1st. The stock was sold at an average price of $31.68, for a total value of $792,000.00. Following the transaction, the chief operating officer now owns 449,967 shares of the company’s stock, valued at approximately $14,254,954.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kenneth Desgarennes sold 233,378 shares of the company’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $35.08, for a total value of $8,186,900.24. Following the completion of the sale, the chief financial officer now owns 994,228 shares of the company’s stock, valued at $34,877,518.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 836,159 shares of company stock worth $28,244,116. 5.80% of the stock is owned by insiders.

Large investors have recently modified their holdings of the company. Public Employees Retirement Association of Colorado raised its position in shares of Zayo Group Holdings by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 5,262 shares of the company’s stock valued at $156,000 after buying an additional 21 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Zayo Group Holdings by 0.4% in the fourth quarter. Private Advisor Group LLC now owns 28,519 shares of the company’s stock valued at $886,000 after buying an additional 119 shares in the last quarter. Mycio Wealth Partners LLC raised its position in shares of Zayo Group Holdings by 0.3% in the second quarter. Mycio Wealth Partners LLC now owns 45,287 shares of the company’s stock valued at $1,265,000 after buying an additional 133 shares in the last quarter. Legal & General Group Plc raised its position in shares of Zayo Group Holdings by 5.1% in the second quarter. Legal & General Group Plc now owns 8,909 shares of the company’s stock valued at $249,000 after buying an additional 436 shares in the last quarter. Finally, TCW Group Inc. raised its position in shares of Zayo Group Holdings by 2.0% in the fourth quarter. TCW Group Inc. now owns 35,685 shares of the company’s stock valued at $1,173,000 after buying an additional 686 shares in the last quarter. Hedge funds and other institutional investors own 67.35% of the company’s stock.

About Zayo Group Holdings

Zayo Group Holdings, Inc is a provider of bandwidth infrastructure in the United States, Canada and Europe. The Company operates in five segments, including Dark Fiber Solutions, Network Connectivity, Colocation and Cloud Infrastructure, Zayo Canada and Other. Its key products include leased dark fiber, fiber to cellular towers and small cell sites, wavelength connections, Ethernet, Internet Protocol (IP) connectivity and cloud services.

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