GTT Communications, Inc. (NYSE:GTT) insider Mcmullen Family Trust sold 15,000 shares of the business’s stock in a transaction that occurred 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 stock was 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 stock was 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 purchased 13,100 shares of GTT Communications stock. The shares were purchased at an average price of $1.99 per share, with a total value 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. (GTT) traded up $0.50 during trading on Monday, reaching $37.40. 277,500 shares of the company’s stock were exchanged, compared to its average volume of 265,002. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 4.08. The stock has a market cap of $1,625.22, a P/E ratio of 415.56 and a beta of 1.49. GTT Communications, Inc. has a fifty-two week low of $22.70 and a fifty-two week high of $37.50.

COPYRIGHT VIOLATION NOTICE: “GTT Communications, Inc. (GTT) Insider Sells $11,700.00 in Stock” was published by American Banking News and is owned by of American Banking News. If you are viewing this piece on another publication, it was illegally copied and republished in violation of U.S. and international copyright laws. The original version of this piece can be viewed at https://www.americanbankingnews.com/2017/11/13/gtt-communications-inc-gtt-insider-sells-11700-00-in-stock.html.

GTT has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of GTT Communications from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. BidaskClub lowered shares of GTT Communications from a “sell” rating to a “strong sell” rating in a report on Friday, August 4th. Finally, Cowen and Company set a $43.00 price target on shares of GTT Communications and gave the company a “buy” rating in a report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $36.20.

Institutional investors have recently modified their holdings of the business. BNP Paribas Arbitrage SA increased its position in GTT Communications by 2,153.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,448 shares of the technology company’s stock valued at $109,000 after purchasing an additional 3,295 shares during the period. Airain ltd purchased a new position in GTT Communications during the 2nd quarter valued at $216,000. Legal & General Group Plc increased its position in GTT Communications by 14.1% during the 2nd quarter. Legal & General Group Plc now owns 7,353 shares of the technology company’s stock valued at $234,000 after purchasing an additional 907 shares during the period. JPMorgan Chase & Co. increased its position in GTT Communications by 52.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,950 shares of the technology company’s stock valued at $250,000 after purchasing an additional 2,726 shares during the period. Finally, Laurion Capital Management LP purchased a new position in GTT Communications during the 2nd quarter valued at $266,000. 56.12% of the stock is currently owned by institutional investors and hedge funds.

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)

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.