Zayo Group Holdings, Inc. (ZAYO): Christopher Morley , President & COO of Zayo Group Holdings, Inc. sold 200,000 shares on Jun 10, 2016. The Insider selling transaction was reported by the company on Jun 14, 2016 to the Securities and Exchange Commission. The shares were sold at $27.44 per share for a total value of $5,460,500.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 10, 2016, Linda Rottenberg (director) sold 538 shares at $28.03 per share price.On Jun 3, 2016, Daniel Caruso (CEO) sold 13,000 shares at $27.92 per share price.Also, On May 24, 2016, Kenneth Desgarennes (Chief Financial Officer) sold 62,500 shares at $27.53 per share price.On May 11, 2016, Richard W. Connor (director) sold 5,000 shares at $27.00 per share price.
Shares of Zayo Group Holdings Inc (ZAYO) ended Friday, Jun 10, 2016 session in red amid volatile trading. The shares closed down -0.72 points or -2.56% at $27.4 with 16,70,716 shares getting traded. Post opening the session at $28.03, the shares hit an intraday low of $27.27 and an intraday high of $28.16 and the price vacillated in this range throughout the day. The company has a market cap of $6,637 M and the number of outstanding shares has been calculated to be 24,22,28,910 shares. The 52-week high of Zayo Group Holdings Inc is $29.62 and the 52-week low is $19.59.
Company has been under the radar of several Street Analysts.Zayo Group Holdings Inc is Reiterated by FBR Capital to Mkt Perform and the brokerage firm has set the Price Target at $26. The Rating was issued on Mar 24, 2016.
Zayo Group Holdings Inc. is a provider of bandwidth infrastructure in the United States and Europe. The Company’s products include leased dark fiber fiber to cellular towers and small cell sites dedicated wavelength connections Ethernet and Internet protocol (IP) connectivity and other high-bandwidth offerings. Its products and services include physical infrastructure and cloud and connectivity. It operates through three segments: Physical Infrastructure Cloud and Connectivity and Other. Its bandwidth infrastructure assets consist of fiber networks the optronic equipment used to provide its lit services over its fiber networks and its datacenters where it provides colocation and interconnection services. The Company through metro fiber networks provides bandwidth infrastructure services within the metro markets that it serves. The Company through regional fiber networks provides bandwidth infrastructure services between the metro markets that it serves.