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As Gtt Communications (GTT) Market Valuation Declined, Cheyne Capital Management Uk Llp Cut Its Position by $756,000; American Money Management Stake in Norfolk Southern (NSC) Has Trimmed by $550,665 as Stock Value Rose

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Jonathan Lourie decreased its stake in Gtt Communications Inc (GTT) by 30.18% based on its latest 2018Q1 regulatory filing with the SEC. Cheyne Capital Management Uk Llp sold 13,500 shares as the company’s stock declined 11.48% with the market. The hedge fund run by Jonathan Lourie held 31,238 shares of the public utilities company at the end of 2018Q1, valued at $1.77M, down from 44,738 at the end of the previous reported quarter. Cheyne Capital Management Uk Llp who had been investing in Gtt Communications Inc for a number of months, seems to be less bullish one the $2.66 billion market cap company. The stock decreased 2.50% or $1.251 during the last trading session, reaching $48.799. About 54,968 shares traded. GTT Communications, Inc. (NYSE:GTT) has risen 46.70% since June 19, 2017 and is uptrending. It has outperformed by 34.13% the S&P500. Some Historical GTT News: 12/03/2018 – GTT Acquires Accelerated Connections; 17/05/2018 – GTT: RENEWAL OF BERTEROTTIERE IN FUNCTIONS OF CHAIRMAN, CEO; 10/05/2018 – GTT Wins Three Gold Stevie Awards in 2018 American Business Awards; 12/04/2018 – GTT 1Q ROYALTY REV. EU61.5M; 26/04/2018 – GTT Announces Earnings Call for First Quarter 2018; 09/03/2018 – Cramer also sits down with the CEO of upcoming telecom GTT Communications; 26/04/2018 – REG-GTT : NOTICE OF AVAILABILITY OF THE 2017 REGISTRATION DOCUMENT; 12/04/2018 – GTT 1Q REVENUE RISES 12% TO EU64.2M; 26/04/2018 – REG-GTT : Notice regarding availability of explanatory documentation related to the combined shareholders’ meeting to be held on May 17, 2018; 26/03/2018 – Aleph and Crestview to Invest in GTT as Part of Interoute Acquisition

American Money Management Llc decreased its stake in Norfolk Southern Corp (NSC) by 16.17% based on its latest 2018Q1 regulatory filing with the SEC. American Money Management Llc sold 4,079 shares as the company’s stock rose 5.15% while stock markets declined. The institutional investor held 21,147 shares of the railroads company at the end of 2018Q1, valued at $2.87 million, down from 25,226 at the end of the previous reported quarter. American Money Management Llc who had been investing in Norfolk Southern Corp for a number of months, seems to be less bullish one the $42.54 billion market cap company. The stock decreased 2.10% or $3.23 during the last trading session, reaching $150.55. About 409,379 shares traded. Norfolk Southern Corporation (NYSE:NSC) has risen 27.76% since June 19, 2017 and is uptrending. It has outperformed by 15.19% the S&P500. Some Historical NSC News: 16/03/2018 – DOT STB: Case Title: NORFOLK SOUTHERN RAILWAY COMPANY-ABANDONMENT EXEMPTION-IN AURORA, PORTAGE COUNTY, OHIO; 25/04/2018 – NORFOLK SOUTHERN BOOSTS EXPECTED ANNUAL REPURCHASES TO $1.5B; 25/04/2018 – Norfolk Southern Tops Views, Increases Buyback Program — Earnings Review; 22/05/2018 – Norfolk Southern Presenting at Conference Tomorrow; 25/04/2018 – NORFOLK SOUTHERN CORP – QTRLY MERCHANDISE REVENUE $1,605 MLN VS $1,584 MLN; 25/04/2018 – NORFOLK SOUTHERN SAYS OUTLOOK FOR 2018 IS `PROMISING`; 23/04/2018 – DJ Norfolk Southern Corporation, Inst Holders, 1Q 2018 (NSC); 01/05/2018 – CFO Earhart Gifts 175 Of Norfolk Southern Corp; 27/03/2018 – Norfolk Southern appoints McClellan, Elkins to new positions; 13/05/2018 – Geo English: NSC expected to meet over Nawaz’s remarks

Investors sentiment decreased to 0.75 in Q1 2018. Its down 0.08, from 0.83 in 2017Q4. It dived, as 53 investors sold NSC shares while 375 reduced holdings. 94 funds opened positions while 228 raised stakes. 198.67 million shares or 0.72% more from 197.25 million shares in 2017Q4 were reported. 141 are owned by Destination Wealth. North Star Inv Mgmt invested in 1,051 shares. Aviva Public Limited Co holds 144,464 shares or 0.12% of its portfolio. First Allied Advisory Services holds 4,445 shares or 0.02% of its portfolio. Smithfield Tru accumulated 18,213 shares. Tower Bridge Advisors holds 10,696 shares. Finemark Retail Bank has 0.02% invested in Norfolk Southern Corporation (NYSE:NSC). Korea Invest stated it has 0.2% in Norfolk Southern Corporation (NYSE:NSC). Country Club Co Na has invested 0.09% of its portfolio in Norfolk Southern Corporation (NYSE:NSC). Citigroup Inc reported 0.09% of its portfolio in Norfolk Southern Corporation (NYSE:NSC). Putnam Fl Mngmt Communication has 9,508 shares for 0.12% of their portfolio. New York-based Adirondack Trust has invested 0% in Norfolk Southern Corporation (NYSE:NSC). Credit Suisse Ag accumulated 384,141 shares. Dorsey Wright And Assoc holds 0.09% or 4,132 shares. Janney Management Ltd Company reported 0.01% stake.

Since February 1, 2018, it had 0 insider purchases, and 8 selling transactions for $4.08 million activity. 1,699 shares were sold by Wheeler Michael Joseph, worth $244,011 on Friday, February 16. On Friday, April 27 Hurlbut Thomas E sold $401,885 worth of Norfolk Southern Corporation (NYSE:NSC) or 2,762 shares. Squires James A sold 10,000 shares worth $1.50 million.

Analysts await Norfolk Southern Corporation (NYSE:NSC) to report earnings on July, 25. They expect $2.24 earnings per share, up 30.99% or $0.53 from last year’s $1.71 per share. NSC’s profit will be $632.90 million for 16.80 P/E if the $2.24 EPS becomes a reality. After $1.93 actual earnings per share reported by Norfolk Southern Corporation for the previous quarter, Wall Street now forecasts 16.06% EPS growth.

Among 31 analysts covering Norfolk Southern Corp. (NYSE:NSC), 8 have Buy rating, 5 Sell and 18 Hold. Therefore 26% are positive. Norfolk Southern Corp. had 108 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was maintained by Robert W. Baird on Friday, November 10 with “Hold”. The stock of Norfolk Southern Corporation (NYSE:NSC) has “Buy” rating given on Friday, September 11 by Bank of America. The firm has “Hold” rating given on Thursday, September 14 by BMO Capital Markets. The stock of Norfolk Southern Corporation (NYSE:NSC) has “Buy” rating given on Monday, April 2 by Susquehanna. The firm has “Sector Perform” rating given on Wednesday, January 24 by RBC Capital Markets. Citigroup maintained the shares of NSC in report on Friday, October 2 with “Neutral” rating. The firm has “Hold” rating given on Tuesday, April 10 by RBC Capital Markets. The stock of Norfolk Southern Corporation (NYSE:NSC) earned “Sector Outperform” rating by Scotia Capital on Friday, January 12. The firm has “Hold” rating by Argus Research given on Friday, July 31. The stock of Norfolk Southern Corporation (NYSE:NSC) has “Neutral” rating given on Friday, February 19 by Credit Suisse.

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 by Jefferies given on Thursday, August 3. The stock of GTT Communications, Inc. (NYSE:GTT) earned “Buy” rating by Drexel Hamilton on Wednesday, November 4. The rating was maintained by Pacific Crest with “Overweight” on Wednesday, September 16. The company was maintained on Wednesday, March 28 by William Blair. Suntrust Robinson initiated the stock with “Buy” rating in Tuesday, December 13 report. Craig Hallum maintained it with “Buy” rating and $50.0 target in Monday, January 22 report. The firm has “Overweight” rating given on Friday, May 4 by KeyBanc Capital Markets. The rating was maintained by SunTrust with “Buy” on Thursday, March 1. The rating was maintained by Oppenheimer on Wednesday, December 20 with “Buy”. The stock of GTT Communications, Inc. (NYSE:GTT) has “Buy” rating given on Thursday, April 12 by Oppenheimer.

Analysts await GTT Communications, Inc. (NYSE:GTT) to report earnings on August, 2. They expect $-0.17 EPS, down 950.00% or $0.19 from last year’s $0.02 per share. After $-0.12 actual EPS reported by GTT Communications, Inc. for the previous quarter, Wall Street now forecasts 41.67% negative EPS growth.

More important recent GTT Communications, Inc. (NYSE:GTT) news were published by: Bizjournals.com which released: “GTT closes its $2.3B acquisition of European fiber network provider” on June 01, 2018, also Seekingalpha.com published article titled: “Red Robin Had A Bad Conference Call – Cramer’s Lightning Round (5/24/18)”, Businesswire.com published: “GTT Completes Acquisition of Interoute” on May 31, 2018. More interesting news about GTT Communications, Inc. (NYSE:GTT) was released by: Businesswire.com and their article: “GTT to Present at Spring 2018 Investor Conferences” with publication date: May 21, 2018.

Norfolk Southern Corporation (NYSE:NSC) Institutional Positions Chart

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