Trafelet Brokaw Capital Management buys $19,887,502 stake in GTT Communications Inc (GTT)

GTT Communications Inc (GTT) : Trafelet Brokaw Capital Management scooped up 38,500 additional shares in GTT Communications Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 864,674 shares of GTT Communications Inc which is valued at $19,887,502.GTT Communications Inc makes up approximately 15.20% of Trafelet Brokaw Capital Management’s portfolio.

Other Hedge Funds, Including , Allianz Asset Management Ag reduced its stake in GTT by selling 15,879 shares or 7.94% in the most recent quarter. The Hedge Fund company now holds 184,202 shares of GTT which is valued at $4,236,646. GTT Communications Inc makes up approx 0.01% of Allianz Asset Management Ag’s portfolio.California State Teachers Retirement System boosted its stake in GTT in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 55,710 shares of GTT Communications Inc which is valued at $1,309,185.Rhumbline Advisers boosted its stake in GTT in the latest quarter, The investment management firm added 260 additional shares and now holds a total of 26,210 shares of GTT Communications Inc which is valued at $560,894.Blackrock Institutional Trust Company N.a. boosted its stake in GTT in the latest quarter, The investment management firm added 11,517 additional shares and now holds a total of 560,799 shares of GTT Communications Inc which is valued at $12,001,099.Alps Advisors Inc reduced its stake in GTT by selling 6,195 shares or 24.14% in the most recent quarter. The Hedge Fund company now holds 19,466 shares of GTT which is valued at $406,839.

GTT Communications Inc (GTT) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $24.7 and reached the intraday high at $24.95. The bulls started the profit booking and pushed the shares to intraday low of $24.45. The trading session was marked by a volume range of 1,26,581 shares exchanging hands. The 52-week high of the shares is $25.1249 and the 52-week low is $12.31. The market cap of the company stands at $911 M and there are 3,71,98,778 shares in public circulation.

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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