GTT Communications, Inc. (GTT) Reaches $51.18 After 6.00% Up Move; Natixis Asset Management Decreased Its Xylem (XYL) Position

June 14, 2018 - By Ann Lacey

Xylem Inc. (NYSE:XYL) Logo

The stock of GTT Communications, Inc. (NYSE:GTT) is a huge mover today! The stock increased 2.97% or $1.475 during the last trading session, reaching $51.175. About 162,303 shares traded. GTT Communications, Inc. (NYSE:GTT) has risen 46.70% since June 14, 2017 and is uptrending. It has outperformed by 34.13% the S&P500. Some Historical GTT News: ; 26/04/2018 – Moody’s Downgrades Gtt’s Senior Secured Bank Credit Facilities To B2 From B1; 17/04/2018 – S&P: GTT COMMUNICATIONS ‘B’ CORPORATE CREDIT RATING AFFIRMED;; 26/03/2018 – GTT COMMUNICATIONS – ALEPH & CRESTVIEW ARE SHAREHOLDERS OF INTEROUTE, WILL INVEST PORTION OF PROCEEDS FROM SALE OF INTEROUTE INTO COMBINED CO; 17/04/2018 – S&P: GTT’s Negative Outlook Reflects Pro Forma Adjusted Leverage That Is Currently Elevated for the Rating; 12/04/2018 – GTT 1Q ROYALTY REV. EU61.5M; 26/03/2018 – Aleph and Crestview to Invest in GTT as Part of Interoute Acquisition; 21/03/2018 – GTT: GTT NOTIFIED FOR THE DESIGN OF LNG TANKS OF TWO NEW LNG CARRIERS; 30/05/2018 – REG-GTT: Main terms and conditions of the share buy-back programme; 10/04/2018 – GTT GTT.PA – DELIVERY IS SCHEDULED IN MARCH 2020; 26/04/2018 – GTT’S B2 CORPORATE FAMILY RATING UNCHANGED BY MOODY’SThe move comes after 9 months positive chart setup for the $2.79 billion company. It was reported on Jun, 14 by Barchart.com. We have $54.25 PT which if reached, will make NYSE:GTT worth $167.46M more.

Natixis Asset Management decreased Xylem Inc (XYL) stake by 68.48% reported in 2018Q1 SEC filing. Natixis Asset Management sold 49,926 shares as Xylem Inc (XYL)’s stock declined 6.37%. The Natixis Asset Management holds 22,978 shares with $1.77 million value, down from 72,904 last quarter. Xylem Inc now has $12.86B valuation. The stock decreased 0.25% or $0.18 during the last trading session, reaching $71.48. About 367,050 shares traded. Xylem Inc. (NYSE:XYL) has risen 36.97% since June 14, 2017 and is uptrending. It has outperformed by 24.40% the S&P500. Some Historical XYL News: ; 01/05/2018 – Xylem 1Q Adj EPS 51c; 03/04/2018 – NY Warn Notices: 4 / 3 / 2018 – Xylem Inc. (Global Financial Shared Services Department) – Finger Lakes Region; 01/05/2018 – XYLEM 1Q ADJ EPS 51C, EST. 51C; 22/04/2018 – DJ Xylem Inc, Inst Holders, 1Q 2018 (XYL); 30/04/2018 – Californians remain concerned about future droughts; Support recycled water as a long-term solution for water security; 10/05/2018 – Xylem Declares Dividend of 21c; 17/04/2018 – Xylem recognized as Water Technology Company of the Year at Global Water Awards; 22/03/2018 – Xylem calls for improved water resource data collection and sharing on World Water Day 2018; 01/05/2018 – Xylem 1Q EPS 43c; 01/05/2018 – Xylem Sees FY Rev $5.1B-$5.2B

Since December 18, 2017, it had 0 insider purchases, and 7 insider sales for $6.09 million activity. $550,395 worth of stock was sold by CRAWFORD CURTIS J on Monday, May 14. Shares for $1.17M were sold by LORANGER STEVEN R on Tuesday, December 19. Brannemo Tomas also sold $21,991 worth of Xylem Inc. (NYSE:XYL) on Wednesday, February 21.

Another recent and important Xylem Inc. (NYSE:XYL) news was published by Seekingalpha.com which published an article titled: “Boston Scientific Is A Good Earnings Story – Cramer’s Lightning Round (6/13/18)” on June 14, 2018.

Analysts await Xylem Inc. (NYSE:XYL) to report earnings on August, 7. They expect $0.71 EPS, up 20.34% or $0.12 from last year’s $0.59 per share. XYL’s profit will be $127.75M for 25.17 P/E if the $0.71 EPS becomes a reality. After $0.51 actual EPS reported by Xylem Inc. for the previous quarter, Wall Street now forecasts 39.22% EPS growth.

Natixis Asset Management increased Mondelez International Inc (NASDAQ:MDLZ) stake by 26,318 shares to 306,318 valued at $12.78M in 2018Q1. It also upped Amazon Com Inc. (NASDAQ:AMZN) stake by 7,629 shares and now owns 30,805 shares. Ppg Industries (NYSE:PPG) was raised too.

Among 20 analysts covering Xylem (NYSE:XYL), 12 have Buy rating, 0 Sell and 8 Hold. Therefore 60% are positive. Xylem had 78 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Buy” rating by Sterne Agee CRT given on Tuesday, April 5. The rating was initiated by Janney Capital on Friday, February 19 with “Neutral”. Gabelli downgraded the stock to “Hold” rating in Wednesday, February 1 report. The rating was maintained by Cowen & Co on Monday, March 5 with “Buy”. Stifel Nicolaus upgraded it to “Buy” rating and $37.0 target in Thursday, September 3 report. Janney Capital upgraded the shares of XYL in report on Wednesday, November 2 to “Buy” rating. The stock of Xylem Inc. (NYSE:XYL) has “Hold” rating given on Tuesday, August 16 by Canaccord Genuity. The firm has “Hold” rating given on Wednesday, November 2 by Stifel Nicolaus. BMO Capital Markets maintained the shares of XYL in report on Wednesday, August 2 with “Outperform” rating. The rating was initiated by Northcoast with “Buy” on Thursday, November 17.

Investors sentiment decreased to 0.93 in 2018 Q1. Its down 0.15, from 1.08 in 2017Q4. It turned negative, as 37 investors sold XYL shares while 190 reduced holdings. 62 funds opened positions while 150 raised stakes. 143.75 million shares or 1.84% less from 146.45 million shares in 2017Q4 were reported. Creative Planning holds 16,200 shares. Shufro Rose & Communications Limited Co stated it has 0.17% of its portfolio in Xylem Inc. (NYSE:XYL). Qs Investors Lc invested in 0% or 2,404 shares. Blair William & Il invested 0.08% of its portfolio in Xylem Inc. (NYSE:XYL). Sequoia Fincl Advsr Ltd Company holds 3,012 shares or 0.02% of its portfolio. Tortoise Capital Advsr Limited Liability holds 0% of its portfolio in Xylem Inc. (NYSE:XYL) for 166 shares. Benjamin F Edwards & has 4,367 shares. Mcrae owns 5,640 shares. Shell Asset Management reported 31,246 shares stake. Signaturefd Ltd Liability stated it has 0% of its portfolio in Xylem Inc. (NYSE:XYL). Hermes Investment Ltd has 0.09% invested in Xylem Inc. (NYSE:XYL). Moreover, Bank Of America De has 0.03% invested in Xylem Inc. (NYSE:XYL) for 2.51M shares. California Public Employees Retirement System holds 0.05% or 415,835 shares. Renaissance Tech Ltd Com invested in 67,800 shares. Cwm Lc reported 184 shares.

More important recent GTT Communications, Inc. (NYSE:GTT) news were published by: Businesswire.com which released: “GTT Completes Acquisition of Interoute” on May 31, 2018, also Bizjournals.com published article titled: “GTT closes its $2.3B acquisition of European fiber network provider”, Businesswire.com published: “GTT to Present at Spring 2018 Investor Conferences” on May 21, 2018. More interesting news about GTT Communications, Inc. (NYSE:GTT) was released by: Seekingalpha.com and their article: “Red Robin Had A Bad Conference Call – Cramer’s Lightning Round (5/24/18)” with publication date: May 25, 2018.

GTT Communications, Inc. provides cloud networking services to multinational enterprises, carriers, and government clients worldwide. The company has market cap of $2.79 billion. It offers private, public, and hybrid cloud network solutions; high bandwidth-Internet connectivity and IP transit, as well as broadband and wireless access services; managed equipment, security, and remote access services; and voice and unified communications services consisting of SIP trunking and enterprise PBX services. It currently has negative earnings. The companyÂ’s IP network consists of approximately 250 points of presence.

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. The rating was maintained by SunTrust with “Buy” on Friday, November 3. The rating was initiated by Cowen & Co with “Outperform” on Monday, October 12. As per Monday, June 26, the company rating was maintained by Jefferies. The firm earned “Buy” rating on Friday, March 2 by Cowen & Co. As per Friday, August 4, the company rating was maintained by Cowen & Co. The stock of GTT Communications, Inc. (NYSE:GTT) has “Overweight” rating given on Friday, August 7 by Pacific Crest. The stock has “Buy” rating by Oppenheimer on Tuesday, June 27. Oppenheimer maintained the shares of GTT in report on Wednesday, December 20 with “Buy” rating. SunTrust maintained it with “Buy” rating and $60.0 target in Thursday, March 1 report. The stock has “Buy” rating by Oppenheimer on Thursday, August 10.

Xylem Inc. (NYSE:XYL) Institutional Positions Chart

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