Chris Mckee Sells 7,000 Shares of GTT Communications, Inc. (GTT) Stock

GTT Communications, Inc. (NYSE:GTT) General Counsel Chris Mckee sold 7,000 shares of GTT Communications stock in a transaction on Friday, December 1st. The stock was sold at an average price of $39.54, for a total transaction of $276,780.00. Following the sale, the general counsel now owns 487,928 shares in the company, valued at $19,292,673.12. 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 Wednesday, November 1st, Chris Mckee sold 7,000 shares of GTT Communications stock. The stock was sold at an average price of $36.34, for a total transaction of $254,380.00.
  • On Monday, October 2nd, Chris Mckee sold 7,000 shares of GTT Communications stock. The stock was sold at an average price of $31.99, for a total transaction of $223,930.00.

GTT Communications, Inc. (NYSE GTT) opened at $40.55 on Wednesday. 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 company has a market cap of $1,709.96, a price-to-earnings ratio of 437.22 and a beta of 1.48. GTT Communications, Inc. has a one year low of $22.95 and a one year high of $41.00.

Separately, Zacks Investment Research upgraded shares of GTT Communications from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $36.20.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bamco Inc. NY increased its stake in GTT Communications by 68.8% in the third quarter. Bamco Inc. NY now owns 2,278,200 shares of the technology company’s stock valued at $72,105,000 after purchasing an additional 928,200 shares during the period. Spruce House Investment Management LLC acquired a new position in GTT Communications in the third quarter valued at $59,723,000. Dimensional Fund Advisors LP increased its stake in GTT Communications by 1.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,656,706 shares of the technology company’s stock valued at $52,435,000 after purchasing an additional 24,385 shares during the period. Vanguard Group Inc. increased its stake in GTT Communications by 11.4% in the second quarter. Vanguard Group Inc. now owns 1,228,307 shares of the technology company’s stock valued at $38,876,000 after purchasing an additional 126,032 shares during the period. Finally, Royal Bank of Canada increased its stake in GTT Communications by 2.9% in the second quarter. Royal Bank of Canada now owns 859,355 shares of the technology company’s stock valued at $27,198,000 after purchasing an additional 24,273 shares during the period. Institutional investors own 65.42% of the company’s stock.

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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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