GTT Communications, Inc. (NYSE:GTT) General Counsel Chris Mckee sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $36.34, for a total value of $254,380.00. Following the completion of the transaction, the general counsel now owns 391,517 shares in the company, valued at approximately $14,227,727.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Chris Mckee also recently made the following trade(s):

  • On Monday, October 2nd, Chris Mckee sold 7,000 shares of GTT Communications stock. The shares were sold at an average price of $31.99, for a total value of $223,930.00.
  • On Friday, September 1st, Chris Mckee sold 7,000 shares of GTT Communications stock. The shares were sold at an average price of $31.35, for a total value of $219,450.00.

GTT Communications (NYSE:GTT) last posted its earnings results on Thursday, August 3rd. The technology company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.05. GTT Communications had a positive return on equity of 4.17% and a negative net margin of 1.88%. The firm had revenue of $186.20 million for the quarter, compared to analyst estimates of $186.65 million. The business’s revenue was up 44.5% on a year-over-year basis.

ILLEGAL ACTIVITY WARNING: This piece of content was first published by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright laws. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2017/11/03/insider-selling-gtt-communications-inc-gtt-general-counsel-sells-7000-shares-of-stock.html.

A number of hedge funds have recently bought and sold shares of GTT. Bamco Inc. NY purchased a new stake in GTT Communications in the 2nd quarter valued at approximately $42,727,000. Russell Investments Group Ltd. lifted its stake in GTT Communications by 239.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 397,751 shares of the technology company’s stock valued at $12,589,000 after buying an additional 280,744 shares in the last quarter. Cove Street Capital LLC purchased a new stake in GTT Communications in the 2nd quarter valued at approximately $8,507,000. Bank of Montreal Can lifted its stake in GTT Communications by 27,059.6% in the 2nd quarter. Bank of Montreal Can now owns 226,511 shares of the technology company’s stock valued at $7,169,000 after buying an additional 225,677 shares in the last quarter. Finally, Emerald Advisers Inc. PA lifted its stake in GTT Communications by 19.9% in the 2nd 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 in the last quarter. 59.56% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently commented on GTT shares. Zacks Investment Research cut GTT Communications from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. BidaskClub cut GTT Communications from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Cowen and Company set a $43.00 price target on GTT Communications and gave the company a “buy” rating in a report on Friday, August 4th. Two research analysts have rated the stock with a sell rating and four have issued a buy rating to the company’s stock. GTT Communications currently has a consensus rating of “Hold” and an average target price of $36.20.

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)

Receive News & Ratings for GTT Communications Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GTT Communications Inc. and related companies with MarketBeat.com's FREE daily email newsletter.