GTT Communications, Inc. (GTT) General Counsel Chris Mckee Sells 7,000 Shares
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.
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.
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.
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