Richard Calder Unloaded 6000 shares of GTT Communications, Inc. (GTT) in an Insider Trade; Dycom Industries (DY) SI Decreased By 7.89%

April 17, 2018 - By Jerrie Dane

GTT Communications, Inc. (NYSE:GTT) Logo

Dycom Industries Inc (NYSE:DY) had a decrease of 7.89% in short interest. DY’s SI was 4.70 million shares in April as released by FINRA. Its down 7.89% from 5.10M shares previously. With 391,100 avg volume, 12 days are for Dycom Industries Inc (NYSE:DY)’s short sellers to cover DY’s short positions. The SI to Dycom Industries Inc’s float is 15.92%. The stock increased 2.20% or $2.36 during the last trading session, reaching $109.44. About 211,854 shares traded. Dycom Industries, Inc. (NYSE:DY) has risen 13.44% since April 17, 2017 and is uptrending. It has outperformed by 1.89% the S&P500.

Since March 7, 2018, it had 0 insider purchases, and 1 sale for $284,044 activity. The insider HIGGINS PATRICIA sold $284,044.

Dycom Industries, Inc. provides specialty contracting services in the United States and Canada. The company has market cap of $3.41 billion. The firm offers various specialty contracting services, such as engineering, construction, maintenance, and installation services comprising placement and splicing of fiber, copper, and coaxial cables to telecommunications providers. It has a 25.45 P/E ratio. It also provides tower construction, lines and antenna installation, and foundation and equipment pad construction for wireless carriers, as well as equipment installation and material fabrication, and site testing services; and installs and maintains customer premise equipment, such as digital video recorders, set top boxes, and modems for cable television system operators.

Investors sentiment increased to 1.01 in Q4 2017. Its up 0.01, from 1 in 2017Q3. It is positive, as 34 investors sold Dycom Industries, Inc. shares while 109 reduced holdings. 55 funds opened positions while 89 raised stakes. 29.64 million shares or 4.71% less from 31.11 million shares in 2017Q3 were reported. Gamco Investors Et Al invested 0.01% of its portfolio in Dycom Industries, Inc. (NYSE:DY). Northeast Invest stated it has 72,999 shares or 0.68% of all its holdings. Jpmorgan Chase & owns 42,788 shares. First Republic Investment Inc invested in 5,846 shares or 0% of the stock. Rice Hall James & Associates Lc owns 203,868 shares. Brinker Cap holds 0.03% or 7,765 shares. Peconic Limited Liability Co reported 19,000 shares. Shelton Capital Mngmt stated it has 2,403 shares or 0.02% of all its holdings. Thompson Siegel & Walmsley Llc stated it has 0.24% of its portfolio in Dycom Industries, Inc. (NYSE:DY). Moreover, Glenmede Trust Na has 0.26% invested in Dycom Industries, Inc. (NYSE:DY). Glg Limited Com accumulated 10,000 shares or 0.08% of the stock. State Board Of Administration Of Florida Retirement invested in 15,879 shares. Mutual Of America Cap Limited has 0.04% invested in Dycom Industries, Inc. (NYSE:DY). 1492 Mngmt Llc reported 23,339 shares. Texas Permanent School Fund stated it has 20,914 shares.

Among 10 analysts covering Dycom (NYSE:DY), 9 have Buy rating, 0 Sell and 1 Hold. Therefore 90% are positive. Dycom had 36 analyst reports since August 27, 2015 according to SRatingsIntel. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, May 20 report. FBR Capital maintained Dycom Industries, Inc. (NYSE:DY) on Thursday, May 25 with “Outperform” rating. Craig Hallum maintained the stock with “Buy” rating in Tuesday, November 21 report. Stifel Nicolaus maintained the shares of DY in report on Tuesday, November 28 with “Buy” rating. The stock of Dycom Industries, Inc. (NYSE:DY) has “Buy” rating given on Wednesday, August 30 by Canaccord Genuity. The stock has “Outperform” rating by FBR Capital on Tuesday, November 22. The rating was maintained by KeyBanc Capital Markets with “Buy” on Thursday, October 5. The rating was maintained by FBR Capital on Wednesday, November 25 with “Outperform”. The company was downgraded on Monday, November 9 by DA Davidson. The firm has “Outperform” rating given on Thursday, August 25 by FBR Capital.

Among 11 analysts covering GTT Communications (NYSE:GTT), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. GTT Communications has $6200 highest and $27 lowest target. $47.78’s average target is -6.04% below currents $50.85 stock price. GTT Communications had 25 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Monday, January 22 by Craig Hallum. The company was maintained on Thursday, April 12 by Oppenheimer. The stock of GTT Communications, Inc. (NYSE:GTT) has “Buy” rating given on Friday, November 3 by SunTrust. Oppenheimer maintained the stock with “Buy” rating in Wednesday, December 20 report. The company was upgraded on Wednesday, November 4 by Drexel Hamilton. The stock of GTT Communications, Inc. (NYSE:GTT) has “Buy” rating given on Monday, June 26 by Jefferies. The stock of GTT Communications, Inc. (NYSE:GTT) earned “Buy” rating by Suntrust Robinson on Thursday, February 18. Pacific Crest maintained the stock with “Overweight” rating in Wednesday, September 16 report. SunTrust maintained the shares of GTT in report on Thursday, March 1 with “Buy” rating. The stock has “Overweight” rating by Pacific Crest on Friday, August 7.

Richard Calder; that is an insider in Gtt Communications Inc who is the most recent to unload shares in the corporation for which he is currently the President and CEO. Richard a few days ago sold some 6,000 shares of the company, worth approximately $298,913 U.S Dollars, that is a share price of roughly $49.8. Richard now has rights to 1.71 million shares accounting for 3.81% of the Company’s market cap

The stock increased 2.42% or $1.2 during the last trading session, reaching $50.85. About 149,870 shares traded. GTT Communications, Inc. (NYSE:GTT) has risen 131.28% since April 17, 2017 and is uptrending. It has outperformed by 119.73% the S&P500.

Analysts await GTT Communications, Inc. (NYSE:GTT) to report earnings on May, 3. They expect $-0.08 EPS, down 260.00% or $0.13 from last year’s $0.05 per share. After $0.04 actual EPS reported by GTT Communications, Inc. for the previous quarter, Wall Street now forecasts -300.00% negative EPS growth.

Dycom Industries, Inc. (NYSE:DY) Institutional Positions Chart