Gtt Communications (GTT) Share Value Declined While Harvey Partners Lowered Stake; As Kohls (KSS) Share Price Declined, Shareholder North Star Asset Management Cut Holding

August 10, 2018 - By Joshua Cleveland

GTT Communications, Inc. (NYSE:GTT) Logo

Harvey Partners Llc decreased its stake in Gtt Communications Inc (GTT) by 50% based on its latest 2018Q1 regulatory filing with the SEC. Harvey Partners Llc sold 50,000 shares as the company’s stock declined 11.48% with the market. The hedge fund held 50,000 shares of the public utilities company at the end of 2018Q1, valued at $2.84 million, down from 100,000 at the end of the previous reported quarter. Harvey Partners Llc who had been investing in Gtt Communications Inc for a number of months, seems to be less bullish one the $1.80B market cap company. The stock decreased 5.39% or $1.88 during the last trading session, reaching $32.92. About 694,654 shares traded or 39.92% up from the average. GTT Communications, Inc. (NYSE:GTT) has risen 46.70% since August 10, 2017 and is uptrending. It has outperformed by 34.13% the S&P500. Some Historical GTT News: 03/05/2018 – GTT Communications 1Q Loss/Shr 69c; 05/04/2018 – GTT : GTT RECEIVES TWO NEW ORDERS FROM DSME; 26/04/2018 – GTT’S SR SECURED BANK CREDIT LINES TO B2 FROM B1 BY MOODY’S; 16/05/2018 – GTT GETS NOTIFICATION FOR ORDER OF 2 NEW LNG CARRIERS; 25/04/2018 – GTT GTT.PA – SEMBCORP MARINE SIGN A LICENSE AGREEMENT FOR THE DESIGN AND CONSTRUCTION OF MEMBRANE TANK SOLUTIONS; 26/04/2018 – REG-GTT : Notice regarding availability of explanatory documentation related to the combined shareholders’ meeting to be held on May 17, 2018; 10/04/2018 – GTT Closes Above 50-Day Moving Average: Technicals; 27/03/2018 – GTT GTT.PA – RECEIVES AN ORDER FROM SAMSUNG HEAVY INDUSTRIES TO DESIGN THE LNG TANKS OF A NEW LNG CARRIER; 26/04/2018 – Moody’s Downgrades Gtt’s Senior Secured Bank Credit Facilities To B2 From B1; 26/04/2018 – GTT Announces Earnings Call for First Quarter 2018

North Star Asset Management Inc decreased its stake in Kohls Corp (KSS) by 54.14% based on its latest 2018Q1 regulatory filing with the SEC. North Star Asset Management Inc sold 7,250 shares as the company’s stock declined 2.71% with the market. The institutional investor held 6,141 shares of the department and specialty retail stores company at the end of 2018Q1, valued at $402,000, down from 13,391 at the end of the previous reported quarter. North Star Asset Management Inc who had been investing in Kohls Corp for a number of months, seems to be less bullish one the $12.63B market cap company. The stock increased 0.64% or $0.48 during the last trading session, reaching $75.59. About 1.90 million shares traded. Kohl's Corporation (NYSE:KSS) has risen 67.94% since August 10, 2017 and is uptrending. It has outperformed by 55.37% the S&P500. Some Historical KSS News: 14/03/2018 – KOHLS CORP – MAKING A MULTI-YEAR INVESTMENT TO MIGRATE KOHL’S SYSTEMS AND APPLICATIONS TO CLOUD; 22/05/2018 – ♫ Reuters Insider – Kohl’s crushes estimates; 04/05/2018 – Celebrate Kohl’s Family Day and Kohl’s Captivation Station at Summerfest 2018; 02/04/2018 – Kohl’s Corp Announces $300M Cash Tender Offer for Certain Notes and Debentures; 16/04/2018 – Kohl’s Corporation Announces Pricing for its Cash Tender Offer; 10/04/2018 – Kohl’s: Richard D. Schepp, Chief Administrative Officer, to Retire in October; 21/05/2018 – Kohl’s Partners With Popsugar For Millennial Apparel Collection — MarketWatch; 10/05/2018 – Moody’s Affirms Eight Classes of COMM 2006-C8; 22/05/2018 – Kohl’s 1Q Rev $4.21B; 19/04/2018 – Moody’s Affirms Ten Classes of WFRBS 2014-C23

More news for Kohl's Corporation (NYSE:KSS) were recently published by: Seekingalpha.com, which released: “Kohl’s: Wait For The Pullback” on July 25, 2018. Seekingalpha.com‘s article titled: “JC Penney May Be The Next Great Turnaround” and published on August 08, 2018 is yet another important article.

Analysts await Kohl's Corporation (NYSE:KSS) to report earnings on August, 21 before the open. They expect $1.64 earnings per share, up 32.26% or $0.40 from last year’s $1.24 per share. KSS’s profit will be $274.04 million for 11.52 P/E if the $1.64 EPS becomes a reality. After $0.64 actual earnings per share reported by Kohl's Corporation for the previous quarter, Wall Street now forecasts 156.25% EPS growth.

Since March 6, 2018, it had 0 buys, and 12 insider sales for $23.73 million activity. SCHEPP RICHARD D had sold 15,000 shares worth $1.18M on Thursday, June 7. On Friday, June 8 BURD STEVEN A sold $379,133 worth of Kohl's Corporation (NYSE:KSS) or 4,945 shares. On Wednesday, March 21 the insider MANSELL KEVIN sold $9.70 million. 7,500 shares were sold by BONEPARTH PETER, worth $496,350 on Tuesday, March 6.

Investors sentiment decreased to 0.84 in Q1 2018. Its down 0.22, from 1.06 in 2017Q4. It is negative, as 54 investors sold KSS shares while 193 reduced holdings. 75 funds opened positions while 133 raised stakes. 167.86 million shares or 1.29% more from 165.73 million shares in 2017Q4 were reported. Los Angeles Management Equity Research accumulated 247,430 shares or 0.09% of the stock. Monetary Mngmt Gp has 0.22% invested in Kohl's Corporation (NYSE:KSS). Foster Motley has 0.47% invested in Kohl's Corporation (NYSE:KSS). Community State Bank Na holds 0% or 170 shares. Sg Americas Secs Ltd stated it has 0.09% of its portfolio in Kohl's Corporation (NYSE:KSS). Kj Harrison Prtnrs holds 0.13% or 6,000 shares in its portfolio. Oregon Employees Retirement Fund holds 0.12% in Kohl's Corporation (NYSE:KSS) or 119,490 shares. Voloridge Mngmt Limited Liability Co holds 366,599 shares. Lucus Advisors Lc owns 3,624 shares or 0.41% of their US portfolio. Lsv Asset Management has 0.69% invested in Kohl's Corporation (NYSE:KSS) for 6.59M shares. Van Eck Assocs, New York-based fund reported 10,735 shares. Barrow Hanley Mewhinney And Strauss has 4,406 shares. Shanda Asset Management invested in 37,754 shares. Kepos Capital Ltd Partnership accumulated 0.31% or 79,681 shares. Element Mngmt Limited Liability invested in 25,125 shares or 0.04% of the stock.

Among 31 analysts covering Kohl’s Corporation (NYSE:KSS), 13 have Buy rating, 3 Sell and 15 Hold. Therefore 42% are positive. Kohl’s Corporation had 121 analyst reports since August 6, 2015 according to SRatingsIntel. On Friday, August 11 the stock rating was upgraded by Credit Suisse to “Neutral”. On Thursday, March 31 the stock rating was initiated by Miller Tabek with “Buy”. The company was initiated on Tuesday, May 9 by Gordon Haskett. The firm earned “Hold” rating on Friday, March 2 by BMO Capital Markets. Cowen & Co maintained Kohl's Corporation (NYSE:KSS) on Wednesday, September 20 with “Hold” rating. Telsey Advisory Group maintained Kohl's Corporation (NYSE:KSS) on Friday, August 14 with “Outperform” rating. The firm has “Neutral” rating by Robert W. Baird given on Thursday, January 5. Telsey Advisory maintained the shares of KSS in report on Monday, May 21 with “Buy” rating. On Friday, May 12 the stock rating was maintained by RBC Capital Markets with “Underperform”. The firm has “Hold” rating by Susquehanna given on Tuesday, January 23.

North Star Asset Management Inc, which manages about $1.15B and $1.11B US Long portfolio, upped its stake in Chesapeake Energy (NYSE:CHK) by 116,279 shares to 912,396 shares, valued at $2.76M in 2018Q1, according to the filing. It also increased its holding in Schwab Emerging Mkt Etf (SCHE) by 25,191 shares in the quarter, for a total of 405,927 shares, and has risen its stake in Aflac (NYSE:AFL).

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 firm has “Buy” rating given on Thursday, August 3 by Jefferies. The firm has “Sector Weight” rating given on Thursday, January 18 by KeyBanc Capital Markets. The stock of GTT Communications, Inc. (NYSE:GTT) has “Buy” rating given on Wednesday, October 18 by Cowen & Co. The stock of GTT Communications, Inc. (NYSE:GTT) has “Buy” rating given on Friday, November 3 by SunTrust. The rating was initiated by Suntrust Robinson on Tuesday, December 13 with “Buy”. The rating was maintained by Oppenheimer on Tuesday, June 27 with “Buy”. As per Wednesday, November 4, the company rating was upgraded by Drexel Hamilton. The firm earned “Overweight” rating on Wednesday, September 16 by Pacific Crest. The stock has “Buy” rating by Cowen & Co on Friday, August 4. Pacific Crest maintained GTT Communications, Inc. (NYSE:GTT) rating on Friday, August 7. Pacific Crest has “Overweight” rating and $31 target.

More notable recent GTT Communications, Inc. (NYSE:GTT) news were published by: Seekingalpha.com which released: “GTT -13% on swing to Q2 loss” on August 03, 2018, also Nasdaq.com with their article: “Factors of Influence in 2018, Key Indicators and Opportunity within GTT Communications, Hope, Black Knight, Safety …” published on August 07, 2018, Businesswire.com published: “GTT Announces New UK and Europe Divisions” on August 06, 2018. More interesting news about GTT Communications, Inc. (NYSE:GTT) were released by: Seekingalpha.com and their article: “Wait For A Catalyst In Canopy Growth – Cramer’s Lightning Round (8/7/18)” published on August 08, 2018 as well as Seekingalpha.com‘s news article titled: “GTT Communications’ (GTT) CEO Rick Calder on Q2 2018 Results – Earnings Call Transcript” with publication date: August 03, 2018.

Harvey Partners Llc, which manages about $369.32 million and $67.61M US Long portfolio, upped its stake in Powell Inds Inc (NASDAQ:POWL) by 49,874 shares to 77,500 shares, valued at $2.08 million in 2018Q1, according to the filing.

Kohl's Corporation (NYSE:KSS) Institutional Positions Chart

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