Brookfield Asset Mgmt (BAM) Holding Has Raised by Mcdonald Capital Investors Inc; Gtt Communications (GTT) Shareholder Trafelet Brokaw Capital Management LP Lowered Its Stake

February 19, 2018 - By Winifred Garcia

Remy Trafelet decreased its stake in Gtt Communications Inc (GTT) by 24.07% based on its latest 2017Q3 regulatory filing with the SEC. Trafelet Brokaw Capital Management Lp sold 205,167 shares as the company’s stock declined 0.17% while stock markets rallied. The hedge fund run by Remy Trafelet held 647,319 shares of the public utilities company at the end of 2017Q3, valued at $20.49 million, down from 852,486 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 $2.03B market cap company. It closed at $46.65 lastly. It is down 78.59% since February 19, 2017 and is uptrending. It has outperformed by 61.89% the S&P500.

Mcdonald Capital Investors Inc increased its stake in Brookfield Asset Mgmt Inc (BAM) by 3.77% based on its latest 2017Q3 regulatory filing with the SEC. Mcdonald Capital Investors Inc bought 34,255 shares as the company’s stock rose 0.35% with the market. The hedge fund held 942,730 shares of the building operators company at the end of 2017Q3, valued at $38.94 million, up from 908,475 at the end of the previous reported quarter. Mcdonald Capital Investors Inc who had been investing in Brookfield Asset Mgmt Inc for a number of months, seems to be bullish on the $37.97B market cap company. The stock increased 1.69% or $0.67 during the last trading session, reaching $40.28. About 1.59M shares traded or 37.74% up from the average. Brookfield Asset Management Inc. (NYSE:BAM) has risen 13.98% since February 19, 2017 and is uptrending. It has underperformed by 2.72% the S&P500.

Analysts await GTT Communications, Inc. (NYSE:GTT) to report earnings on March, 14. They expect $-0.13 earnings per share, down 550.00% or $0.11 from last year’s $-0.02 per share. After $0.04 actual earnings per share reported by GTT Communications, Inc. for the previous quarter, Wall Street now forecasts -425.00% negative EPS growth.

Among 9 analysts covering GTT Communications (NYSE:GTT), 8 have Buy rating, 0 Sell and 1 Hold. Therefore 89% are positive. GTT Communications had 20 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Buy” rating by Oppenheimer given on Thursday, August 10. The rating was maintained by Oppenheimer with “Buy” on Tuesday, June 27. The stock has “Buy” rating by Suntrust Robinson on Thursday, February 18. The firm has “Overweight” rating by Pacific Crest given on Friday, August 7. SunTrust maintained the shares of GTT in report on Friday, November 3 with “Buy” rating. SunTrust maintained it with “Buy” rating and $45.0 target in Wednesday, December 6 report. On Monday, June 26 the stock rating was maintained by Jefferies with “Buy”. Craig Hallum maintained the shares of GTT in report on Monday, January 22 with “Buy” rating. The stock has “Buy” rating by Suntrust Robinson on Tuesday, December 13. On Wednesday, December 20 the stock rating was maintained by Oppenheimer with “Buy”.

Among 9 analysts covering Brookfield Asset Management Inc. (NYSE:BAM), 9 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Brookfield Asset Management Inc. had 31 analyst reports since August 10, 2015 according to SRatingsIntel. The rating was maintained by Citigroup with “Buy” on Tuesday, August 15. The rating was maintained by Scotia Capital with “Buy” on Friday, February 16. The firm earned “Buy” rating on Monday, September 25 by Keefe Bruyette & Woods. BMO Capital Markets upgraded Brookfield Asset Management Inc. (NYSE:BAM) rating on Wednesday, September 30. BMO Capital Markets has “Outperform” rating and $40 target. The rating was maintained by Canaccord Genuity on Monday, October 2 with “Buy”. RBC Capital Markets maintained the stock with “Buy” rating in Thursday, November 9 report. Keefe Bruyette & Woods initiated Brookfield Asset Management Inc. (NYSE:BAM) on Tuesday, May 24 with “Outperform” rating. RBC Capital Markets maintained Brookfield Asset Management Inc. (NYSE:BAM) on Monday, November 14 with “Top Pick” rating. The firm has “Buy” rating by Keefe Bruyette & Woods given on Friday, November 10. The rating was maintained by RBC Capital Markets with “Buy” on Tuesday, July 25.

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