Pembroke Management LTD Lifted By $2.64 Million Its Gtt Communications (GTT) Position; Ellie Mae (ELLI) Shorts Raised By 26.97%

December 8, 2017 - By Winifred Garcia

Pembroke Management Ltd increased Gtt Communications (GTT) stake by 9.36% reported in 2017Q2 SEC filing. Pembroke Management Ltd acquired 85,000 shares as Gtt Communications (GTT)’s stock declined 0.17%. The Pembroke Management Ltd holds 992,876 shares with $31.42M value, up from 907,876 last quarter. Gtt Communications now has $1.75 billion valuation. The stock increased 0.75% or $0.3 during the last trading session, reaching $40.2. About 181,109 shares traded. GTT Communications, Inc. (NYSE:GTT) has risen 78.59% since December 8, 2016 and is uptrending. It has outperformed by 61.89% the S&P500.

Ellie Mae Incorporated (NYSE:ELLI) had an increase of 26.97% in short interest. ELLI’s SI was 4.07M shares in December as released by FINRA. Its up 26.97% from 3.21M shares previously. With 819,600 avg volume, 5 days are for Ellie Mae Incorporated (NYSE:ELLI)’s short sellers to cover ELLI’s short positions. The SI to Ellie Mae Incorporated’s float is 12.32%. The stock decreased 0.05% or $0.04 during the last trading session, reaching $88.46. About 313,172 shares traded. Ellie Mae, Inc. (NYSE:ELLI) has risen 37.10% since December 8, 2016 and is uptrending. It has outperformed by 20.40% 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 17 analyst reports since August 7, 2015 according to SRatingsIntel. Cowen & Co maintained it with “Buy” rating and $4300 target in Friday, August 4 report. The company was upgraded on Wednesday, November 4 by Drexel Hamilton. Jefferies maintained the shares of GTT in report on Wednesday, October 25 with “Buy” rating. The rating was maintained by Pacific Crest with “Overweight” on Wednesday, September 16. The firm has “Buy” rating given on Monday, June 26 by Jefferies. Cowen & Co maintained it with “Buy” rating and $43.0 target in Wednesday, October 18 report. The rating was maintained by SunTrust on Wednesday, December 6 with “Buy”. The rating was initiated by Suntrust Robinson on Thursday, February 18 with “Buy”. The firm earned “Buy” rating on Tuesday, December 13 by Suntrust Robinson. Oppenheimer maintained GTT Communications, Inc. (NYSE:GTT) rating on Thursday, August 3. Oppenheimer has “Buy” rating and $3500 target.

Pembroke Management Ltd decreased Encore Cap Group Inc (NASDAQ:ECPG) stake by 97,100 shares to 413,493 valued at $16.60 million in 2017Q2. It also reduced Mgp Ingredients Inc (NASDAQ:MGPI) stake by 34,000 shares and now owns 193,665 shares. Firstservice Corp was reduced too.

Among 16 analysts covering Elli Mae (NYSE:ELLI), 11 have Buy rating, 0 Sell and 5 Hold. Therefore 69% are positive. Elli Mae had 46 analyst reports since July 23, 2015 according to SRatingsIntel. Needham maintained Ellie Mae, Inc. (NYSE:ELLI) rating on Friday, July 29. Needham has “Buy” rating and $125 target. TH Capital maintained Ellie Mae, Inc. (NYSE:ELLI) rating on Friday, July 31. TH Capital has “Buy” rating and $87 target. On Friday, October 23 the stock rating was maintained by RBC Capital Markets with “Outperform”. The rating was maintained by Oppenheimer on Wednesday, August 9 with “Buy”. The rating was maintained by Oppenheimer on Thursday, October 29 with “Outperform”. The firm earned “Outperform” rating on Friday, April 29 by RBC Capital Markets. The stock of Ellie Mae, Inc. (NYSE:ELLI) earned “Outperform” rating by RBC Capital Markets on Wednesday, October 18. The firm has “Overweight” rating by Pacific Crest given on Tuesday, September 6. The company was initiated on Thursday, January 12 by Morgan Stanley. The stock of Ellie Mae, Inc. (NYSE:ELLI) has “Equal-Weight” rating given on Friday, October 27 by Barclays Capital.

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