GTT Communications Inc (NYSE:GTT) insider Richard Calder sold 1,533 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $26.75, for a total transaction of $41,007.75. Following the sale, the insider now owns 1,333,527 shares in the company, valued at $35,671,847.25. The sale was disclosed in a filing with the SEC, which is available at this link.

Richard Calder also recently made the following trade(s):

  • On Monday, May 20th, Richard Calder sold 1,757 shares of GTT Communications stock. The shares were sold at an average price of $25.43, for a total transaction of $44,680.51.
  • On Friday, May 3rd, Richard Calder sold 4,860 shares of GTT Communications stock. The shares were sold at an average price of $41.54, for a total transaction of $201,884.40.
  • On Wednesday, April 10th, Richard Calder sold 1,321 shares of GTT Communications stock. The shares were sold at an average price of $39.30, for a total transaction of $51,915.30.
  • On Monday, February 25th, Richard Calder sold 3,234 shares of GTT Communications stock. The shares were sold at an average price of $32.43, for a total transaction of $104,878.62.

NYSE GTT traded down $0.82 on Thursday, hitting $25.50. The stock had a trading volume of 5,938 shares, compared to its average volume of 496,358. GTT Communications Inc has a 52-week low of $21.68 and a 52-week high of $52.45. The company has a debt-to-equity ratio of 9.77, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a market capitalization of $1.45 billion, a PE ratio of -16.01 and a beta of 1.50.

GTT Communications (NYSE:GTT) last posted its earnings results on Thursday, February 28th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.27) by $0.05. GTT Communications had a negative net margin of 14.28% and a negative return on equity of 16.23%. The business had revenue of $454.80 million for the quarter, compared to analysts’ expectations of $453.79 million. On average, research analysts anticipate that GTT Communications Inc will post -0.35 EPS for the current year.

GTT has been the topic of a number of recent research reports. BTIG Research cut shares of GTT Communications from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 8th. Zacks Investment Research upgraded shares of GTT Communications from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Thursday, January 24th. KeyCorp dropped their price target on shares of GTT Communications from $57.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, March 1st. ValuEngine cut shares of GTT Communications from a “buy” rating to a “hold” rating in a research note on Monday, May 13th. Finally, Oppenheimer dropped their price target on shares of GTT Communications from $50.00 to $42.00 and set an “outperform” rating on the stock in a research note on Thursday, May 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $41.75.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Spruce House Investment Management LLC lifted its stake in GTT Communications by 13.5% in the 1st quarter. Spruce House Investment Management LLC now owns 12,375,000 shares of the technology company’s stock worth $429,413,000 after purchasing an additional 1,475,000 shares in the last quarter. Vanguard Group Inc. lifted its stake in GTT Communications by 27.5% in the 3rd quarter. Vanguard Group Inc. now owns 3,777,509 shares of the technology company’s stock worth $163,944,000 after purchasing an additional 814,417 shares in the last quarter. BlackRock Inc. lifted its stake in GTT Communications by 2.1% in the 4th quarter. BlackRock Inc. now owns 2,758,597 shares of the technology company’s stock worth $65,269,000 after purchasing an additional 57,081 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in GTT Communications by 0.8% in the 1st quarter. Neuberger Berman Group LLC now owns 1,188,597 shares of the technology company’s stock worth $41,244,000 after purchasing an additional 9,659 shares in the last quarter. Finally, MFN Partners Management LP bought a new position in shares of GTT Communications in the 4th quarter worth $23,660,000. Institutional investors and hedge funds own 84.94% of the company’s stock.

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GTT Communications Company Profile

GTT Communications, Inc provides cloud networking services to multinational enterprises, carriers, and government customers in the United States, Europe, and internationally. The company offers private, public, and hybrid cloud network solutions; high bandwidth-Internet connectivity and IP transit, as well as broadband and wireless Internet access services; managed equipment, security, and hosting services; and voice services consisting of session initiation protocol trunking and hosted private branch exchange services.

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

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