GTT Communications, Inc. (GTT) Insider Mcmullen Family Trust Sells 15,000 Shares

GTT Communications, Inc. (NYSE:GTT) insider Mcmullen Family Trust sold 15,000 shares of GTT Communications stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $0.78, for a total value of $11,700.00.

Mcmullen Family Trust also recently made the following trade(s):

  • On Tuesday, November 21st, Mcmullen Family Trust bought 60,000 shares of GTT Communications stock. The stock was purchased at an average price of $0.65 per share, with a total value of $39,000.00.
  • On Wednesday, November 15th, Mcmullen Family Trust bought 1,000 shares of GTT Communications stock. The shares were acquired at an average cost of $0.75 per share, for a total transaction of $750.00.
  • On Wednesday, September 27th, Mcmullen Family Trust sold 10,000 shares of GTT Communications stock. The shares were sold at an average price of $2.15, for a total value of $21,500.00.
  • On Monday, September 11th, Mcmullen Family Trust sold 16,900 shares of GTT Communications stock. The shares were sold at an average price of $2.04, for a total value of $34,476.00.
  • On Tuesday, September 12th, Mcmullen Family Trust sold 40,000 shares of GTT Communications stock. The stock was sold at an average price of $2.16, for a total value of $86,400.00.
  • On Wednesday, September 13th, Mcmullen Family Trust sold 30,000 shares of GTT Communications stock. The stock was sold at an average price of $2.46, for a total value of $73,800.00.
  • On Friday, September 8th, Mcmullen Family Trust purchased 13,100 shares of GTT Communications stock. The stock was purchased at an average cost of $1.99 per share, for a total transaction of $26,069.00.
  • On Friday, September 1st, Mcmullen Family Trust sold 30,000 shares of GTT Communications stock. The stock was sold at an average price of $2.11, for a total value 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 value of $33,000.00.
  • On Thursday, August 17th, Mcmullen Family Trust sold 40,000 shares of GTT Communications stock. The stock was sold at an average price of $1.46, for a total value of $58,400.00.

GTT Communications, Inc. (GTT) traded down $0.90 during trading hours on Friday, reaching $39.55. The company’s stock had a trading volume of 392,876 shares, compared to its average volume of 457,177. 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 $1,757.76, a price-to-earnings ratio of 449.44 and a beta of 1.48. GTT Communications, Inc. has a 52 week low of $22.95 and a 52 week high of $40.95.

Several equities research analysts have recently issued reports on GTT shares. BidaskClub lowered GTT Communications from a “sell” rating to a “strong sell” rating in a research note on Friday, August 4th. Zacks Investment Research lowered GTT Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Finally, Cowen set a $43.00 price objective on GTT Communications and gave the stock a “buy” rating in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. GTT Communications currently has an average rating of “Buy” and a consensus price target of $36.20.

Several hedge funds have recently bought and sold shares of the company. D.A. Davidson & CO. lifted its holdings in GTT Communications by 4.6% in the second quarter. D.A. Davidson & CO. now owns 20,224 shares of the technology company’s stock valued at $640,000 after acquiring an additional 890 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of GTT Communications by 3.1% in the first quarter. Alliancebernstein L.P. now owns 29,600 shares of the technology company’s stock valued at $721,000 after acquiring an additional 900 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of GTT Communications by 2.1% in the first quarter. Teachers Advisors LLC now owns 43,757 shares of the technology company’s stock valued at $1,065,000 after acquiring an additional 906 shares in the last quarter. Legal & General Group Plc raised its stake in shares of GTT Communications by 14.1% in the second quarter. Legal & General Group Plc now owns 7,353 shares of the technology company’s stock valued at $234,000 after acquiring an additional 907 shares in the last quarter. Finally, ING Groep NV raised its stake in shares of GTT Communications by 2.8% in the second quarter. ING Groep NV now owns 38,653 shares of the technology company’s stock valued at $1,223,000 after acquiring an additional 1,047 shares in the last quarter. Institutional investors and hedge funds own 65.52% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “GTT Communications, Inc. (GTT) Insider Mcmullen Family Trust Sells 15,000 Shares” was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this story on another website, it was illegally copied and republished in violation of United States and international copyright laws. The correct version of this story can be viewed at https://www.dispatchtribunal.com/2017/12/02/gtt-communications-inc-gtt-insider-sells-11700-00-in-stock.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.

Leave a Reply