Gtt Communications INC (GTT) Shares Declined While Spitfire Capital LLC Has Decreased Holding

July 18, 2017 - By Dolores Ford

Julian Allen decreased its stake in Gtt Communications Inc (GTT) by 15.51% based on its latest 2016Q4 regulatory filing with the SEC. Spitfire Capital Llc sold 201,487 shares as the company’s stock declined 0.17% while stock markets rallied. The hedge fund run by Julian Allen held 1.10 million shares of the public utilities company at the end of 2016Q4, valued at $31.57 million, down from 1.30M at the end of the previous reported quarter. Spitfire Capital Llc who had been investing in Gtt Communications Inc for a number of months, seems to be less bullish one the $1.25 billion market cap company. The stock increased 0.16% or $0.05 on July 17, reaching $30.4. About shares traded. GTT Communications Inc (NYSE:GTT) has risen 78.59% since July 18, 2016 and is uptrending. It has outperformed by 61.89% the S&P500.

More important recent GTT Communications Inc (NYSE:GTT) news were published by: Seekingalpha.com which released: “GTT Communications, Inc. (GTT) CEO Rick Calder on Q4 2016 Results – Earnings …” on March 08, 2017, also Streetinsider.com published article titled: “Form 4 GTT Communications, Inc. For: Jul 13 Filed by: Sicoli Michael”, Seekingalpha.com published: “GTT Communications, Inc. (GTT) CEO Rick Calder on Q1 2017 Results – Earnings …” on May 04, 2017. More interesting news about GTT Communications Inc (NYSE:GTT) was released by: Seekingalpha.com and their article: “GTT Communications To Acquire Global Capacity For $161 Million” with publication date: June 26, 2017.

GTT Communications Inc (NYSE:GTT) Ratings Coverage

Among 6 analysts covering GTT Communications (NYSE:GTT), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. GTT Communications has $37 highest and $27 lowest target. $33.20’s average target is 9.21% above currents $30.4 stock price. GTT Communications had 8 analyst reports since August 7, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, June 26 by Jefferies. The firm has “Overweight” rating by Pacific Crest given on Friday, August 7. Oppenheimer maintained the shares of GTT in report on Tuesday, June 27 with “Buy” rating. The stock has “Buy” rating by Drexel Hamilton on Wednesday, November 4. Pacific Crest maintained GTT Communications Inc (NYSE:GTT) rating on Wednesday, September 16. Pacific Crest has “Overweight” rating and $37 target. The rating was initiated by Cowen & Co with “Outperform” on Monday, October 12. The company was initiated on Thursday, February 18 by Suntrust Robinson. Suntrust Robinson initiated GTT Communications Inc (NYSE:GTT) on Tuesday, December 13 with “Buy” rating.

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