Ecofin LTD Lifted Its Public Service Enterprise Gp (PEG) Holding; Gtt Communications (GTT) Shorts Lowered By 8.57%

November 14, 2017 - By Ruchi Gupta

Ecofin Ltd increased Public Service Enterprise Gp (PEG) stake by 5340.76% reported in 2017Q2 SEC filing. Ecofin Ltd acquired 4.86M shares as Public Service Enterprise Gp (PEG)’s stock rose 1.22%. The Ecofin Ltd holds 4.95M shares with $115.18M value, up from 91,053 last quarter. Public Service Enterprise Gp now has $26.05B valuation. The stock rose 1.60% or $0.81 reaching $51.47 per share. About 1.22 million shares traded. Public Service Enterprise Group Inc. (NYSE:PEG) has declined 1.72% since November 14, 2016 and is downtrending. It has underperformed by 18.42% the S&P500.

Gtt Communications Incorporated (NYSE:GTT) had a decrease of 8.57% in short interest. GTT’s SI was 2.79 million shares in November as released by FINRA. Its down 8.57% from 3.05 million shares previously. With 325,500 avg volume, 9 days are for Gtt Communications Incorporated (NYSE:GTT)’s short sellers to cover GTT’s short positions. About 168,901 shares traded. GTT Communications Inc (NYSE:GTT) has risen 78.59% since November 14, 2016 and is uptrending. It has outperformed by 61.89% the S&P500.

Among 8 analysts covering GTT Communications (NYSE:GTT), 8 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. GTT Communications had 16 analyst reports since August 7, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, June 27 by Oppenheimer. Jefferies maintained the shares of GTT in report on Monday, June 26 with “Buy” rating. The firm has “Buy” rating by Cowen & Co given on Wednesday, October 18. As per Wednesday, November 4, the company rating was upgraded by Drexel Hamilton. As per Thursday, August 3, the company rating was maintained by Oppenheimer. On Thursday, August 3 the stock rating was maintained by Jefferies with “Buy”. Cowen & Co maintained the shares of GTT in report on Friday, August 4 with “Buy” rating. The stock of GTT Communications Inc (NYSE:GTT) earned “Buy” rating by SunTrust on Friday, November 3. The rating was maintained by Oppenheimer with “Buy” on Thursday, August 10. The firm earned “Overweight” rating on Wednesday, September 16 by Pacific Crest.

GTT Communications, Inc. provides cloud networking services to a range of clients. The company has market cap of $1.63 billion. The Firm offers a portfolio of global communications services, wide area network services; Internet services; managed network and security services, and voice and unified communication services. It currently has negative earnings. It provides Layer 2 (Ethernet) and Layer 3 (multiprotocol label switching (MPLS)) WAN solutions for multinational clients.

Among 14 analysts covering Public Service Enterprise Group Incorporated (NYSE:PEG), 9 have Buy rating, 2 Sell and 3 Hold. Therefore 64% are positive. Public Service Enterprise Group Incorporated had 43 analyst reports since September 11, 2015 according to SRatingsIntel. The rating was maintained by Argus Research on Monday, January 11 with “Buy”. The firm earned “Buy” rating on Monday, October 17 by Goldman Sachs. The firm has “Equal-Weight” rating given on Thursday, August 10 by Morgan Stanley. The company was downgraded on Tuesday, June 7 by Bank of America. The rating was maintained by RBC Capital Markets on Sunday, September 3 with “Hold”. The stock has “Hold” rating by RBC Capital Markets on Sunday, November 5. As per Wednesday, November 1, the company rating was upgraded by Wells Fargo. The company was maintained on Friday, March 10 by RBC Capital Markets. The company was initiated on Friday, September 11 by JP Morgan. The stock of Public Service Enterprise Group Inc. (NYSE:PEG) earned “Market Perform” rating by Wells Fargo on Monday, February 27.

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