True Bearing Asset Management Lp adds GTT Communications Inc (GTT) to its portfolio

GTT Communications Inc (GTT) : True Bearing Asset Management Lp added new position in GTT Communications Inc during the most recent quarter end. The investment management firm now holds 40,400 shares of GTT Communications Inc which is valued at $841,128 , the company said in a statement filed on Aug 15, 2016 with the SEC.GTT Communications Inc makes up approximately 2.03% of True Bearing Asset Management Lp’s portfolio.

Other Hedge Funds, Including , A.r.t. Advisors sold out all of its stake in GTT during the most recent quarter. The investment firm sold 64,600 shares of GTT which is valued $1,344,972.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.United Services Automobile Association boosted its stake in GTT in the latest quarter, The investment management firm added 3,000 additional shares and now holds a total of 92,100 shares of GTT Communications Inc which is valued at $1,917,522. GTT Communications Inc makes up approx 0.01% of United Services Automobile Association’s portfolio.Dimensional Fund Advisors Lp boosted its stake in GTT in the latest quarter, The investment management firm added 963,243 additional shares and now holds a total of 1,562,617 shares of GTT Communications Inc which is valued at $32,768,078. GTT Communications Inc makes up approx 0.02% of Dimensional Fund Advisors Lp’s portfolio.

GTT Communications Inc opened for trading at $22.06 and hit $23.1 on the upside on Wednesday, eventually ending the session at $22.73, with a gain of 3.37% or 0.74 points. The heightened volatility saw the trading volume jump to 344,875 shares. Company has a market cap of $843 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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