GTT Communications, Inc. (GTT) Insider Mcmullen Family Trust Sells 15,000 Shares

GTT Communications, Inc. (NYSE:GTT) insider Mcmullen Family Trust sold 15,000 shares of GTT Communications stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $0.78, for a total transaction of $11,700.00.

Mcmullen Family Trust also recently made the following trade(s):

  • On Wednesday, September 27th, Mcmullen Family Trust sold 10,000 shares of GTT Communications stock. The shares were sold at an average price of $2.15, for a total transaction of $21,500.00.
  • On Monday, September 11th, Mcmullen Family Trust sold 16,900 shares of GTT Communications stock. The shares were sold at an average price of $2.04, for a total transaction of $34,476.00.
  • On Tuesday, September 12th, Mcmullen Family Trust sold 40,000 shares of GTT Communications stock. The shares were sold at an average price of $2.16, for a total transaction of $86,400.00.
  • On Wednesday, September 13th, Mcmullen Family Trust sold 30,000 shares of GTT Communications stock. The shares were sold at an average price of $2.46, for a total transaction of $73,800.00.
  • On Friday, September 8th, Mcmullen Family Trust acquired 13,100 shares of GTT Communications stock. The stock was purchased at an average price of $1.99 per share, for a total transaction of $26,069.00.
  • On Friday, September 1st, Mcmullen Family Trust sold 30,000 shares of GTT Communications stock. The shares were sold at an average price of $2.11, for a total transaction of $63,300.00.
  • On Thursday, August 31st, Mcmullen Family Trust sold 15,000 shares of GTT Communications stock. The shares were sold at an average price of $2.20, for a total transaction of $33,000.00.
  • On Thursday, August 17th, Mcmullen Family Trust sold 40,000 shares of GTT Communications stock. The shares were sold at an average price of $1.46, for a total transaction of $58,400.00.
  • On Friday, August 18th, Mcmullen Family Trust sold 22,900 shares of GTT Communications stock. The shares were sold at an average price of $1.67, for a total transaction of $38,243.00.

Shares of GTT Communications, Inc. (NYSE GTT) traded down $0.10 during midday trading on Tuesday, hitting $37.30. 370,200 shares of the company traded hands, compared to its average volume of 265,482. GTT Communications, Inc. has a one year low of $22.70 and a one year high of $37.50. The company has a debt-to-equity ratio of 4.08, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market capitalization of $1,620.00, a PE ratio of 415.56 and a beta of 1.33.

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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Spruce House Investment Management LLC purchased a new position in shares of GTT Communications during the third quarter valued at about $59,723,000. Dimensional Fund Advisors LP increased its position in shares of 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 valued at $52,435,000 after buying an additional 24,385 shares during the period. Bamco Inc. NY purchased a new position in shares of GTT Communications during the second quarter valued at about $42,727,000. Vanguard Group Inc. increased its position in shares of GTT Communications by 11.4% during the second quarter. Vanguard Group Inc. now owns 1,228,307 shares of the technology company’s stock valued at $38,876,000 after buying an additional 126,032 shares during the period. Finally, Emerald Advisers Inc. PA increased its position in shares of GTT Communications by 19.9% during the second quarter. Emerald Advisers Inc. PA now owns 1,169,966 shares of the technology company’s stock valued at $37,029,000 after buying an additional 194,407 shares during the period. Institutional investors own 56.12% of the company’s stock.

A number of equities analysts have issued reports on the stock. Zacks Investment Research upgraded shares of GTT Communications from a “sell” rating to a “hold” rating in a research report on Friday. Cowen and Company set a $43.00 price objective on shares of GTT Communications and gave the company a “buy” rating in a research report on Friday, August 4th. Finally, BidaskClub cut shares of GTT Communications from a “sell” rating to a “strong sell” rating in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $36.20.

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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