GTT Communications (NYSE:GTT) insider Richard Calder sold 6,000 shares of the business’s stock in a transaction dated Monday, April 16th. The stock was sold at an average price of $49.82, for a total value of $298,920.00. Following the completion of the transaction, the insider now owns 1,209,714 shares in the company, valued at approximately $60,267,951.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Richard Calder also recently made the following trade(s):
- On Thursday, March 15th, Richard Calder sold 6,000 shares of GTT Communications stock. The stock was sold at an average price of $60.01, for a total value of $360,060.00.
- On Thursday, February 15th, Richard Calder sold 6,000 shares of GTT Communications stock. The stock was sold at an average price of $45.85, for a total value of $275,100.00.
Shares of NYSE GTT opened at $51.20 on Wednesday. GTT Communications has a 52-week low of $26.05 and a 52-week high of $62.32. The company has a market cap of $2,225.57, a price-to-earnings ratio of 331.00, a PEG ratio of 40.53 and a beta of 1.06. The company has a debt-to-equity ratio of 5.34, a quick ratio of 1.22 and a current ratio of 1.22.
GTT Communications (NYSE:GTT) last announced its quarterly earnings data on Thursday, March 1st. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.17. GTT Communications had a positive return on equity of 2.78% and a negative net margin of 9.21%. The firm had revenue of $249.20 million for the quarter, compared to analysts’ expectations of $247.40 million. equities research analysts predict that GTT Communications will post 0.04 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Xact Kapitalforvaltning AB acquired a new stake in GTT Communications during the fourth quarter valued at approximately $231,000. Wealthsource Partners LLC acquired a new stake in GTT Communications during the fourth quarter valued at approximately $203,000. MetLife Investment Advisors LLC acquired a new stake in GTT Communications during the fourth quarter valued at approximately $691,000. Lyon Street Capital LLC raised its stake in GTT Communications by 7.9% during the fourth quarter. Lyon Street Capital LLC now owns 332,486 shares of the technology company’s stock valued at $15,610,000 after buying an additional 24,231 shares in the last quarter. Finally, Goldman Sachs Group Inc. acquired a new stake in GTT Communications during the fourth quarter valued at approximately $452,000. Hedge funds and other institutional investors own 66.76% of the company’s stock.
Several research firms recently commented on GTT. William Blair reiterated a “buy” rating on shares of GTT Communications in a research note on Wednesday, March 28th. Guggenheim began coverage on GTT Communications in a research note on Tuesday, March 13th. They issued a “neutral” rating and a $56.00 price target on the stock. Zacks Investment Research cut GTT Communications from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. SunTrust Banks boosted their price target on GTT Communications to $60.00 and gave the stock a “buy” rating in a research note on Friday, March 2nd. Finally, Jefferies Group upped their price objective on GTT Communications to $62.00 and gave the company a “buy” rating in a research note on Friday, March 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. GTT Communications presently has an average rating of “Buy” and an average target price of $56.86.
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GTT Communications Company Profile
GTT Communications, Inc provides cloud networking services to multinational enterprises, carriers, and government customers worldwide. The company provides private, public, and hybrid cloud network solutions; high bandwidth-Internet connectivity and IP transit, as well as broadband and wireless access services; managed equipment and security services; and voice and unified communications services consisting of SIP trunking and enterprise PBX services.
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