GTT Communications, Inc. (NYSE:GTT) insider Richard Calder sold 10,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $39.53, for a total value of $395,300.00. Following the transaction, the insider now owns 1,262,855 shares of the company’s stock, valued at $49,920,658.15. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Richard Calder also recently made the following trade(s):

  • On Wednesday, November 1st, Richard Calder sold 10,000 shares of GTT Communications stock. The shares were sold at an average price of $36.33, for a total value of $363,300.00.
  • On Monday, October 2nd, Richard Calder sold 10,000 shares of GTT Communications stock. The shares were sold at an average price of $31.99, for a total value of $319,900.00.

Shares of GTT Communications, Inc. (GTT) traded down $0.20 on Monday, hitting $39.35. The stock had a trading volume of 312,554 shares, compared to its average volume of 270,670. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 4.08. The stock has a market cap of $1,718.65, a PE ratio of 439.44 and a beta of 1.48. GTT Communications, Inc. has a fifty-two week low of $22.95 and a fifty-two week high of $40.95.

Institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Arbitrage SA boosted its stake in shares of GTT Communications by 2,153.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,448 shares of the technology company’s stock valued at $109,000 after buying an additional 3,295 shares during the period. Airain ltd acquired a new stake in shares of GTT Communications during the 2nd quarter worth about $216,000. Legal & General Group Plc raised its position in shares of GTT Communications by 14.1% during the 2nd quarter. Legal & General Group Plc now owns 7,353 shares of the technology company’s stock worth $234,000 after acquiring an additional 907 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of GTT Communications by 52.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,950 shares of the technology company’s stock worth $250,000 after acquiring an additional 2,726 shares in the last quarter. Finally, Laurion Capital Management LP acquired a new stake in shares of GTT Communications during the 2nd quarter worth about $266,000. Institutional investors and hedge funds own 65.42% of the company’s stock.

Separately, Zacks Investment Research upgraded GTT Communications from a “sell” rating to a “hold” rating in a report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $36.20.

ILLEGAL ACTIVITY NOTICE: “GTT Communications, Inc. (GTT) Insider Sells $395,300.00 in Stock” was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this report on another publication, it was copied illegally and republished in violation of United States and international copyright and trademark legislation. The original version of this report can be read at https://www.americanbankingnews.com/2017/12/04/gtt-communications-inc-gtt-insider-sells-395300-00-in-stock.html.

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.