GTT Communications, Inc. (GTT) General Counsel Sells $276,780.00 in Stock

GTT Communications, Inc. (NYSE:GTT) General Counsel Chris Mckee sold 7,000 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $39.54, for a total value of $276,780.00. Following the transaction, the general counsel now owns 487,928 shares of the company’s stock, valued at $19,292,673.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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 value 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 value of $223,930.00.

GTT Communications, Inc. (GTT) opened at $39.90 on Thursday. GTT Communications, Inc. has a 52 week low of $22.95 and a 52 week high of $41.00. The stock has a market capitalization of $1,762.10, a price-to-earnings ratio of 450.56 and a beta of 1.48. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 4.08.

Separately, Zacks Investment Research cut GTT Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $36.20.

Several institutional investors have recently made changes to their positions in GTT. Alliancebernstein L.P. lifted its holdings in shares of GTT Communications by 3.1% in the first quarter. Alliancebernstein L.P. now owns 29,600 shares of the technology company’s stock valued at $721,000 after buying an additional 900 shares during the period. FMR LLC acquired a new stake in shares of GTT Communications in the first quarter valued at $1,230,000. Teachers Advisors LLC lifted its holdings in shares of GTT Communications by 2.1% in the first quarter. Teachers Advisors LLC now owns 43,757 shares of the technology company’s stock valued at $1,065,000 after buying an additional 906 shares during the period. Vanguard Group Inc. lifted its holdings in shares of GTT Communications by 7.0% in the first quarter. Vanguard Group Inc. now owns 1,102,275 shares of the technology company’s stock valued at $26,840,000 after buying an additional 71,718 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of GTT Communications by 7.2% in the first quarter. Geode Capital Management LLC now owns 205,372 shares of the technology company’s stock valued at $5,000,000 after buying an additional 13,708 shares during the period. Institutional investors and hedge funds own 65.42% of the company’s stock.

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GTT Communications Company Profile

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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