GTT Communications, Inc. (NYSE:GTT) General Counsel Chris Mckee sold 7,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the general counsel now directly owns 487,928 shares of the company’s stock, valued at approximately $19,292,673.12. The transaction was disclosed in a legal filing 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.

Shares of GTT Communications, Inc. (NYSE:GTT) traded down $0.20 during trading on Monday, hitting $39.35. 312,554 shares of the stock were exchanged, compared to its average volume of 270,670. GTT Communications, Inc. has a 12 month low of $22.95 and a 12 month high of $40.95. The stock has a market cap of $1,718.65, a PE ratio of 439.44 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 shares of GTT Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. One 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 stock. GTT Communications presently has a consensus rating of “Buy” and a consensus price target of $36.20.

Several institutional investors have recently made changes to their positions in GTT. Spruce House Investment Management LLC purchased a new stake in GTT Communications during the 3rd quarter valued at $59,723,000. Bamco Inc. NY purchased a new stake in GTT Communications during the 2nd quarter valued at $42,727,000. Russell Investments Group Ltd. boosted its position in GTT Communications by 239.9% during 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 during the period. Cove Street Capital LLC purchased a new stake in GTT Communications during the 2nd quarter valued at $8,507,000. Finally, Castleark Management LLC boosted its position in GTT Communications by 40.1% during the 2nd quarter. Castleark Management LLC now owns 472,769 shares of the technology company’s stock valued at $14,963,000 after buying an additional 135,407 shares during the period. 65.42% of the stock is owned by institutional investors.

WARNING: “GTT Communications, Inc. (GTT) General Counsel Chris Mckee Sells 7,000 Shares” was posted by American Banking News and is owned by of American Banking News. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this story can be read at https://www.americanbankingnews.com/2017/12/04/gtt-communications-inc-gtt-general-counsel-chris-mckee-sells-7000-shares.html.

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.