Lyon Street Capital buys $28,560,585 stake in GTT Communications Inc (GTT)

GTT Communications Inc (GTT) : Lyon Street Capital scooped up 575,495 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 15, 2016. The investment management firm now holds a total of 1,371,786 shares of GTT Communications Inc which is valued at $28,560,585.GTT Communications Inc makes up approximately 14.34% of Lyon Street Capital’s portfolio.

Other Hedge Funds, Including , Williams Jones Associates boosted its stake in GTT in the latest quarter, The investment management firm added 31,365 additional shares and now holds a total of 177,460 shares of GTT Communications Inc which is valued at $3,694,717. GTT Communications Inc makes up approx 0.16% of Williams Jones Associates’s portfolio.Geode Capital Management boosted its stake in GTT in the latest quarter, The investment management firm added 3,675 additional shares and now holds a total of 201,890 shares of GTT Communications Inc which is valued at $4,203,350.Blackrock Investment Management boosted its stake in GTT in the latest quarter, The investment management firm added 15,325 additional shares and now holds a total of 102,357 shares of GTT Communications Inc which is valued at $2,131,073. Tower Research Capital (trc) sold out all of its stake in GTT during the most recent quarter. The investment firm sold 600 shares of GTT which is valued $12,492.California State Teachers Retirement System boosted its stake in GTT in the latest quarter, The investment management firm added 3,490 additional shares and now holds a total of 55,310 shares of GTT Communications Inc which is valued at $1,132,749.

GTT Communications Inc closed down -0.32 points or -1.51% at $20.91 with 1,90,645 shares getting traded on Thursday. Post opening the session at $21.22, the shares hit an intraday low of $20.18 and an intraday high of $21.22 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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