GTT Communications Inc (NYSE:GTT) insider Richard Calder sold 6,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $45.85, for a total value of $275,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Richard Calder also recently made the following trade(s):
- On Friday, December 1st, Richard Calder sold 10,000 shares of GTT Communications stock. The stock was sold at an average price of $39.53, for a total value of $395,300.00.
Shares of GTT Communications Inc (NYSE GTT) traded down $1.15 on Tuesday, hitting $45.50. The stock had a trading volume of 201,413 shares, compared to its average volume of 259,971. GTT Communications Inc has a 1 year low of $22.95 and a 1 year high of $47.75. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 4.08. The stock has a market capitalization of $2,027.18, a P/E ratio of -70.00, a price-to-earnings-growth ratio of 18.38 and a beta of 1.22.
A number of analysts have recently commented on GTT shares. Craig Hallum restated a “buy” rating and issued a $50.00 target price (up previously from $40.00) on shares of GTT Communications in a research note on Monday, January 22nd. Zacks Investment Research upgraded GTT Communications from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, Oppenheimer upped their target price on GTT Communications from $39.00 to $52.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $46.00.
Several institutional investors and hedge funds have recently modified their holdings of the company. Bamco Inc. NY boosted its stake in shares of GTT Communications by 9.7% in the fourth quarter. Bamco Inc. NY now owns 2,500,000 shares of the technology company’s stock worth $117,375,000 after buying an additional 221,800 shares during the last quarter. BlackRock Inc. boosted its position in GTT Communications by 3.1% during the fourth quarter. BlackRock Inc. now owns 1,961,959 shares of the technology company’s stock worth $92,115,000 after purchasing an additional 58,261 shares in the last quarter. Spruce House Investment Management LLC purchased a new position in GTT Communications during the third quarter worth approximately $59,723,000. Dimensional Fund Advisors LP boosted its position in GTT Communications by 1.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,656,706 shares of the technology company’s stock worth $52,435,000 after purchasing an additional 24,385 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in GTT Communications by 11.4% during the second quarter. Vanguard Group Inc. now owns 1,228,307 shares of the technology company’s stock worth $38,876,000 after purchasing an additional 126,032 shares in the last quarter. Hedge funds and other institutional investors own 64.60% of the company’s stock.
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.
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