GTT Communications, Inc. (NYSE:GTT) General Counsel Chris Mckee sold 7,000 shares of GTT Communications stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $30.97, for a total transaction of $216,790.00. Following the sale, the general counsel now owns 425,101 shares in the company, valued at $13,165,377.97. The sale was disclosed in a document filed with the SEC, which is available through this link.

Chris Mckee also recently made the following trade(s):

  • On Thursday, June 1st, Chris Mckee sold 7,000 shares of GTT Communications stock. The shares were sold at an average price of $32.85, for a total transaction of $229,950.00.
  • On Monday, May 1st, Chris Mckee sold 7,000 shares of GTT Communications stock. The stock was sold at an average price of $27.87, for a total transaction of $195,090.00.

Shares of GTT Communications, Inc. (NYSE GTT) traded down 0.82% during trading on Friday, reaching $30.40. 165,848 shares of the company were exchanged. The stock has a 50-day moving average of $31.59 and a 200 day moving average of $28.31. The stock’s market capitalization is $1.25 billion. GTT Communications, Inc. has a 52-week low of $19.76 and a 52-week high of $34.20.

GTT Communications (NYSE:GTT) last announced its quarterly earnings data on Thursday, May 4th. The technology company reported ($0.42) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by $0.30. The firm had revenue of $182.40 million for the quarter, compared to the consensus estimate of $179.16 million. GTT Communications had a positive return on equity of 4.57% and a negative net margin of 2.15%. GTT Communications’s quarterly revenue was up 46.6% on a year-over-year basis. On average, equities analysts anticipate that GTT Communications, Inc. will post ($0.17) earnings per share for the current fiscal year.

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Hedge funds have recently made changes to their positions in the company. Bank of Montreal Can raised its position in GTT Communications by 27,059.6% in the second quarter. Bank of Montreal Can now owns 226,511 shares of the technology company’s stock valued at $7,169,000 after buying an additional 225,677 shares during the last quarter. J.P. Marvel Investment Advisors LLC boosted its stake in GTT Communications by 36.8% in the first quarter. J.P. Marvel Investment Advisors LLC now owns 27,350 shares of the technology company’s stock valued at $666,000 after buying an additional 7,350 shares during the last quarter. Gotham Asset Management LLC boosted its stake in GTT Communications by 43.5% in the first quarter. Gotham Asset Management LLC now owns 36,740 shares of the technology company’s stock valued at $895,000 after buying an additional 11,137 shares during the last quarter. Bank of America Corp DE boosted its stake in GTT Communications by 2.7% in the first quarter. Bank of America Corp DE now owns 295,555 shares of the technology company’s stock valued at $7,196,000 after buying an additional 7,813 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in GTT Communications by 5.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 103,200 shares of the technology company’s stock valued at $2,513,000 after buying an additional 5,613 shares during the last quarter. 55.95% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have issued reports on the stock. BidaskClub downgraded shares of GTT Communications from a “hold” rating to a “sell” rating in a research note on Wednesday. Cowen and Company set a $40.00 target price on shares of GTT Communications and gave the company an “outperform” rating in a research note on Friday, May 5th. Finally, Zacks Investment Research raised shares of GTT Communications from a “strong sell” rating to a “hold” rating in a report on Friday, May 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $34.86.

About GTT Communications

GTT Communications, Inc provides cloud networking services to a range of clients. The Company offers a portfolio of global communications services, wide area network (WAN) services; Internet services; managed network and security services, and voice and unified communication services. It provides Layer 2 (Ethernet) and Layer 3 (multiprotocol label switching (MPLS)) WAN solutions for multinational clients.

Insider Buying and Selling by Quarter for GTT Communications (NYSE:GTT)

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