GTT Communications, Inc. (GTT) Director S Joseph Bruno Sells 1,000 Shares of Stock

GTT Communications, Inc. (NYSE:GTT) Director S Joseph Bruno sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $40.50, for a total transaction of $40,500.00. Following the completion of the transaction, the director now owns 108,467 shares in the company, valued at approximately $4,392,913.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of GTT Communications, Inc. (NYSE GTT) opened at $39.35 on Tuesday. The firm has a market cap of $1,718.65, a price-to-earnings ratio of 439.44 and a beta of 1.48. The company has a debt-to-equity ratio of 4.08, a current ratio of 0.91 and a quick ratio of 0.91. GTT Communications, Inc. has a one year low of $22.95 and a one year high of $40.95.

Separately, Zacks Investment Research lowered shares of GTT Communications from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $36.20.

Large investors have recently added to or reduced their stakes in the company. Bamco Inc. NY increased its stake in GTT Communications by 68.8% during the 3rd quarter. Bamco Inc. NY now owns 2,278,200 shares of the technology company’s stock valued at $72,105,000 after purchasing an additional 928,200 shares in the last quarter. Spruce House Investment Management LLC bought a new stake in GTT Communications during the 3rd quarter valued at $59,723,000. Dimensional Fund Advisors LP increased its stake in GTT Communications by 1.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,656,706 shares of the technology company’s stock valued at $52,435,000 after purchasing an additional 24,385 shares in the last quarter. Vanguard Group Inc. increased its stake in GTT Communications by 11.4% during the 2nd quarter. Vanguard Group Inc. now owns 1,228,307 shares of the technology company’s stock valued at $38,876,000 after purchasing an additional 126,032 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in GTT Communications by 2.9% during the 2nd quarter. Royal Bank of Canada now owns 859,355 shares of the technology company’s stock valued at $27,198,000 after purchasing an additional 24,273 shares in the last quarter. Institutional investors own 65.42% of the company’s stock.

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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)

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