As Gtt Communications (GTT) Shares Declined, Holder Trafelet Brokaw Capital Management LP Has Lowered by $9.97 Million Its Stake; As Qts Rlty Tr (QTS) Stock Rose, Land & Buildings Investment Management Has Upped Holding

June 22, 2018 - By Ash

GTT Communications, Inc. (NYSE:GTT) Logo

Land & Buildings Investment Management Llc increased its stake in Qts Rlty Tr Inc (QTS) by 206.58% based on its latest 2018Q1 regulatory filing with the SEC. Land & Buildings Investment Management Llc bought 989,225 shares as the company’s stock rose 13.47% while stock markets declined. The hedge fund held 1.47 million shares of the consumer services company at the end of 2018Q1, valued at $53.17M, up from 478,860 at the end of the previous reported quarter. Land & Buildings Investment Management Llc who had been investing in Qts Rlty Tr Inc for a number of months, seems to be bullish on the $2.28 billion market cap company. The stock increased 0.54% or $0.21 during the last trading session, reaching $39.4. About 2.90M shares traded or 356.26% up from the average. QTS Realty Trust, Inc. (NYSE:QTS) has declined 29.07% since June 22, 2017 and is downtrending. It has underperformed by 41.64% the S&P500. Some Historical QTS News: 27/03/2018 – LAND & BUILDINGS INVESTMENT MANAGEMENT LLC SAYS BELIEVES QTS REALTY TRUST SHOULD EVALUATE STRATEGIC ALTERNATIVES; 25/04/2018 – QTS REALTY SEES FY OPER FFO/SHR 2.55C TO 2.65C, EST. $2.6080; 15/03/2018 – QTS Renews Leases Representing 19 Megawatts with Two Hyperscale Anchor Tenants in Atlanta-Metro Data Center; 26/04/2018 – Emerald Mutual Fund Advisers TRS Exits Position in QTS Realty; 07/05/2018 – LAND & BUILDINGS INVESTMENT MANAGEMENT – COMMENTED ON VOTING RESULTS OF 2018 ANNUAL MEETING OF STOCKHOLDERS OF QTS REALTY TRUST; 20/04/2018 – LAND & BUILDINGS SAYS ISS CONCLUDED QTS REALTY TRUST SHAREHOLDERS SHOULD VOTE WITHHOLD ON WILLIAM GRABE, CHAIRMAN OF COMPENSATION COMMITTEE; 24/04/2018 – QTS REALTY TRUST INC – PARTNERSHIP ARRANGEMENT IS EXPECTED TO SUPPORT FUTURE REVENUE GROWTH AND PROFITABILITY, BEGINNING IN 2019 AND BEYOND; 27/03/2018 – LAND & BUILDINGS INVESTMENT MANAGEMENT LLC ISSUES LETTER TO SHAREHOLDERS OF QTS REALTY TRUST; 30/04/2018 – LAND & BUILDINGS: URGENT AND MEANINGFUL CHANGE IS NEEDED AT QTS; 17/04/2018 – Investor Expectations to Drive Momentum within Kirkland’s, The Walt Disney, The Kraft Heinz, Southwestern Energy, QTS Realty Tr

Remy Trafelet decreased its stake in Gtt Communications Inc (GTT) by 27.51% based on its latest 2018Q1 regulatory filing with the SEC. Trafelet Brokaw Capital Management Lp sold 178,071 shares as the company’s stock declined 11.48% with the market. The hedge fund run by Remy Trafelet held 469,248 shares of the public utilities company at the end of 2018Q1, valued at $26.61M, down from 647,319 at the end of the previous reported quarter. Trafelet Brokaw Capital Management Lp who had been investing in Gtt Communications Inc for a number of months, seems to be less bullish one the $2.63B market cap company. The stock decreased 2.13% or $1.05 during the last trading session, reaching $48.2. About 300,555 shares traded. GTT Communications, Inc. (NYSE:GTT) has risen 46.70% since June 22, 2017 and is uptrending. It has outperformed by 34.13% the S&P500. Some Historical GTT News: 25/04/2018 – GTT GTT.PA – SEMBCORP MARINE SIGN A LICENSE AGREEMENT FOR THE DESIGN AND CONSTRUCTION OF MEMBRANE TANK SOLUTIONS; 26/03/2018 – GTT COMMUNICATIONS – INVESTORS, LED BY ALEPH CAPITAL PARTNERS & CRESTVIEW PARTNERS, TO INVEST $175 MLN IN GTT AT CLOSING OF INTEROUTE ACQUISITION; 10/04/2018 – GTT GTT.PA – DELIVERY IS SCHEDULED IN MARCH 2020; 26/04/2018 – FITCH AFFIRMS GTT COMMUNICATIONS’ IDR AT ‘B’ ON TERM LOAN UPSIZ; 12/04/2018 – GTT 1Q ROYALTY REV. EU61.5M; 17/04/2018 – S&PGR Affirms GTT Comms ‘B’ Rtg; Otlk Negative; Debt Rated ‘B’; 12/03/2018 – GTT SAYS BANK STREET GROUP LLC SERVED AS ADVISER TO ACCELERATED CONNECTIONS ON THIS TRANSACTION; 26/04/2018 – S&PGRBulletin: GTT Communications Rtgs Uchgd On Dbt Upsz; 26/03/2018 – GTT COMMUNICATIONS – ALEPH & CRESTVIEW ARE SHAREHOLDERS OF INTEROUTE, WILL INVEST PORTION OF PROCEEDS FROM SALE OF INTEROUTE INTO COMBINED CO; 12/04/2018 – REG-GTT : REVENUES OF €64.2 MILLION FOR THE FIRST QUARTER OF 2018

Among 20 analysts covering QTS Realty Trust (NYSE:QTS), 12 have Buy rating, 2 Sell and 6 Hold. Therefore 60% are positive. QTS Realty Trust had 67 analyst reports since July 28, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with “Buy” rating and $60.0 target in Tuesday, September 5 report. The firm has “Buy” rating given on Monday, October 23 by Jefferies. The rating was initiated by Mitsubishi UFJ Financial Group with “Overweight” on Wednesday, April 26. The firm earned “Buy” rating on Monday, November 13 by Jefferies. SunTrust maintained QTS Realty Trust, Inc. (NYSE:QTS) on Thursday, October 12 with “Buy” rating. The stock of QTS Realty Trust, Inc. (NYSE:QTS) earned “Outperform” rating by KeyBanc Capital Markets on Monday, March 12. As per Tuesday, September 22, the company rating was initiated by RBC Capital Markets. As per Friday, December 2, the company rating was initiated by Guggenheim. The rating was maintained by Jefferies on Monday, November 20 with “Buy”. The stock of QTS Realty Trust, Inc. (NYSE:QTS) earned “Buy” rating by RBC Capital Markets on Thursday, July 27.

More notable recent QTS Realty Trust, Inc. (NYSE:QTS) news were published by: Prnewswire.com which released: “QTS Partners with Relus Cloud to Expand Support for AWS and Multi-Cloud Management Solutions” on May 31, 2018, also Globenewswire.com with their article: “Detailed Research: Economic Perspectives on Broadcom, Analog Devices, Visa, Pier 1 Imports, QTS Realty Trust, and …” published on June 14, 2018, Bizjournals.com published: “Giant Hillsboro data center sees cheaper path to green power” on June 21, 2018. More interesting news about QTS Realty Trust, Inc. (NYSE:QTS) were released by: Bizjournals.com and their article: “Massive data center set for Hillsboro” published on May 29, 2018 as well as Prnewswire.com‘s news article titled: “QTS Realty Trust, Inc. Announces Upsize and Pricing of $275 Million of 6.50% Series B Cumulative Convertible …” with publication date: June 21, 2018.

Since May 21, 2018, it had 7 insider purchases, and 0 sales for $8.09 million activity. $2.08 million worth of QTS Realty Trust, Inc. (NYSE:QTS) shares were bought by TRAHANAS PHILIP P. $523,350 worth of QTS Realty Trust, Inc. (NYSE:QTS) was bought by Berson Jeffrey H.. $35,080 worth of QTS Realty Trust, Inc. (NYSE:QTS) shares were bought by Bloom Steven C. $345,100 worth of stock was bought by Marino Peter on Monday, May 21.

Investors sentiment decreased to 1.46 in Q1 2018. Its down 0.03, from 1.49 in 2017Q4. It worsened, as 27 investors sold QTS shares while 43 reduced holdings. 36 funds opened positions while 66 raised stakes. 51.64 million shares or 2.17% less from 52.78 million shares in 2017Q4 were reported. Ubs Asset Management Americas stated it has 0% in QTS Realty Trust, Inc. (NYSE:QTS). Bbva Compass Retail Bank Incorporated reported 13,619 shares stake. Jennison Associates Ltd reported 566,049 shares stake. Amer Century, Missouri-based fund reported 107,397 shares. Wellington Gp Llp holds 25,444 shares or 0% of its portfolio. Bnp Paribas Arbitrage Sa holds 0% or 15,025 shares. Sei Invs accumulated 0.03% or 196,588 shares. Voya Invest Lc owns 21,843 shares. Ameriprise Fincl holds 0% in QTS Realty Trust, Inc. (NYSE:QTS) or 49,129 shares. Waddell And Reed Fincl owns 2.47M shares. Westfield Cap Mngmt Com Limited Partnership invested in 504,745 shares. Jpmorgan Chase And holds 0% or 10,544 shares. Blackrock has invested 0.01% in QTS Realty Trust, Inc. (NYSE:QTS). Aqr Cap Management Limited Liability Corp reported 70,629 shares or 0% of all its holdings. Scout Investments has invested 0.04% in QTS Realty Trust, Inc. (NYSE:QTS).

More recent GTT Communications, Inc. (NYSE:GTT) news were published by: Seekingalpha.com which released: “Red Robin Had A Bad Conference Call – Cramer’s Lightning Round (5/24/18)” on May 25, 2018. Also Businesswire.com published the news titled: “GTT Completes Acquisition of Interoute” on May 31, 2018. Bizjournals.com‘s news article titled: “GTT closes its $2.3B acquisition of European fiber network provider” with publication date: June 01, 2018 was also an interesting one.

Analysts await GTT Communications, Inc. (NYSE:GTT) to report earnings on August, 2. They expect $-0.17 EPS, down 950.00% or $0.19 from last year’s $0.02 per share. After $-0.12 actual EPS reported by GTT Communications, Inc. for the previous quarter, Wall Street now forecasts 41.67% negative EPS growth.

Trafelet Brokaw Capital Management Lp, which manages about $505.41 million and $135.27 million US Long portfolio, upped its stake in Videocon D2h Ltd by 383,861 shares to 2.23 million shares, valued at $18.28 million in 2018Q1, according to the filing.

Among 12 analysts covering GTT Communications (NYSE:GTT), 11 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. GTT Communications had 27 analyst reports since August 7, 2015 according to SRatingsIntel. Oppenheimer maintained the shares of GTT in report on Thursday, April 12 with “Buy” rating. The firm has “Buy” rating by Drexel Hamilton given on Wednesday, November 4. The firm earned “Overweight” rating on Friday, August 7 by Pacific Crest. The firm earned “Buy” rating on Monday, June 26 by Jefferies. Cowen & Co maintained it with “Buy” rating and $43.0 target in Wednesday, October 18 report. Oppenheimer maintained the stock with “Buy” rating in Wednesday, December 20 report. The stock of GTT Communications, Inc. (NYSE:GTT) has “Buy” rating given on Wednesday, March 28 by William Blair. The stock of GTT Communications, Inc. (NYSE:GTT) has “Buy” rating given on Thursday, August 10 by Oppenheimer. The firm earned “Buy” rating on Monday, January 22 by Craig Hallum. The stock of GTT Communications, Inc. (NYSE:GTT) has “Buy” rating given on Friday, November 3 by SunTrust.

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