Weatherbie Capital buys $21,969,160 stake in GTT Communications Inc (GTT)

GTT Communications Inc (GTT) : Weatherbie Capital scooped up 377,067 additional shares in GTT Communications Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 1,055,195 shares of GTT Communications Inc which is valued at $21,969,160.GTT Communications Inc makes up approximately 2.87% of Weatherbie Capital’s portfolio.

Other Hedge Funds, Including , Tiaa Cref Investment Management boosted its stake in GTT in the latest quarter, The investment management firm added 5,052 additional shares and now holds a total of 81,686 shares of GTT Communications Inc which is valued at $1,700,703.Messner Smith Theme Value Investment Management Ltd Ca reduced its stake in GTT by selling 410 shares or 0.87% in the most recent quarter. The Hedge Fund company now holds 46,463 shares of GTT which is valued at $967,360. GTT Communications Inc makes up approx 1.67% of Messner Smith Theme Value Investment Management Ltd Ca’s portfolio.Castleark Management boosted its stake in GTT in the latest quarter, The investment management firm added 17,885 additional shares and now holds a total of 346,555 shares of GTT Communications Inc which is valued at $7,215,275. GTT Communications Inc makes up approx 0.22% of Castleark Management’s portfolio. Cutler Group Lp sold out all of its stake in GTT during the most recent quarter. The investment firm sold 153 shares of GTT which is valued $3,092.

GTT Communications Inc opened for trading at $20.93 and hit $21.275 on the upside on Tuesday, eventually ending the session at $21.26, with a gain of 2.31% or 0.48 points. The heightened volatility saw the trading volume jump to 1,93,104 shares. Company has a market cap of $788 M.

GTT Communications Inc. (GTT) operates a global Tier 1 Internet protocol (IP) network with interconnected Ethernet service platforms around the world. The Company provides cloud networking services. The Company provides services in over 100 countries. GTT has deployed network assets in North America Europe and Asia to provide Internet Access IP transit and Ethernet transport services. GTT’s core network consists of a global Layer 2 switched Ethernet diversely routed 10 gigabyte (Gb) mesh network as well as IP transit or Internet access through approximately 200 Points of Presence (PoPs) delivering cloud networking services to enterprise Government and wholesale customers. GTT has network connectivity in United States cities and European cities and Ethernet hubs with various carriers and multiple peering connections to other Tier 1 IP providers. The Company offers a range of managed services.

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