Published: Fri, May 12, 2017
Medicine | By Earnest Bishop

Zayo Group Stock Tumbling on JPMorgan Downgrade

Zayo Group Stock Tumbling on JPMorgan Downgrade

On Wednesday, Shares of Zayo Group Holdings Inc (NYSE:ZAYO) lost -6.60% to $32.71. The firm has a 50-day moving average of $33.64 and a 200-day moving average of $32.70. ZAYO has the outstanding shares of 247.51and its EPS growth ratio for the past five years was -60.50%. While in the same Quarter Previous year, the Actual EPS was $-0.13. Royal Bank of Canada restated a "buy" rating and set a $36.00 target price on shares of Zayo Group Holdings in a research report on Tuesday, February 7th. (NYSE:ZAYO)'s Buy count is 1 and Strong Buy is 9 while the number of analysts recommending Sell and Strong Sell are 0 and 3, respectively. The company's last traded volume of 14.4 million shares was up it's an average volume of 2.39 million shares.

On 3/30/2017 Fossil Group, Inc. The company had a trading volume of 1,743,551 shares.

ZAYO has a 1-year high price of $ 35.65 and 1-year low price of $26.10. Zacks Investment Research lowered Zayo Group Holdings from a hold rating to a sell rating in a research note on Tuesday, January 24th. Zayo Group Holdings had a negative net margin of 0.74% and a positive return on equity of 1.53%. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. During the same quarter a year ago, the company posted ($0.08) earnings per share. Following the sale, the director now directly owns 141,883 shares in the company, valued at approximately $4,965,905. Barclays Capital reinitiated the shares of ZAYO in report on Thursday, March 30 with "Overweight" rating.

Fossil Group, Inc. (FOSL) is now trading with the volume of 7.44 Million. The company's market capitalization is $7.99 billion. Also, CFO Kenneth Desgarennes sold 4,681 shares of Zayo Group Holdings stock in a transaction dated Monday, April 3rd. The legal version of this news story can be accessed at https://www.themarketsdaily.com/2017/05/11/insider-selling-zayo-group-holdings-inc-zayo-director-sells-175000-00-in-stock-updated.html.

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According to Zacks brokerage recommendations, Zayo Group Holdings, Inc. If you are reading this report on another website, it was copied illegally and reposted in violation of USA & global trademark & copyright laws. 1,269 shares valued at $41,915 were sold by Connor Richard W. on Tuesday, December 27. Following the transaction, the chief financial officer now owns 1,273,278 shares in the company, valued at approximately $41,763,518.40. The disclosure for this sale can be found here. The business's revenue for the quarter was up 15.1% compared to the same quarter past year. Insiders sold a total of 903,199 shares of company stock worth $29,891,822 in the last ninety days. GTCR FUND X/A LP also sold $155.70 million worth of Zayo Group Holdings Inc (NYSE:ZAYO) shares.

The number of shares now held by investors is 244.12 Million. Manning & Napier Advisors LLC purchased a new stake in shares of Zayo Group Holdings during the third quarter valued at approximately $56,001,000. Putnam Investments LLC increased its stake in Zayo Group Holdings by 122.3% in the fourth quarter. Finally, Rhumbline Advisers increased its stake in Zayo Group Holdings by 4.5% in the third quarter. Putnam Investments LLC now owns 1,216,256 shares of the technology company's stock valued at $39,966,000 after buying an additional 669,081 shares during the last quarter. First Trust Advisors LP now owns 2,339,520 shares of the technology company's stock valued at $69,507,000 after buying an additional 2,206,513 shares during the period.

Zayo is a Boulder, CO-based provider of communications infrastructure services, including fiber and bandwidth connectivity, and cloud infrastructure to a range of businesses. The Company's products include leased dark fiber, fiber to cellular towers and small cell sites, wavelength connections, Ethernet, Internet Protocol connectivity and cloud services.

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