SG Americas Securities LLC lifted its holdings in shares of ATN International, Inc. (NASDAQ:ATNI) by 157.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,043 shares of the technology company’s stock after acquiring an additional 2,471 shares during the period. SG Americas Securities LLC’s holdings in ATN International were worth $277,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Thrivent Financial For Lutherans grew its position in shares of ATN International by 1.0% during the first quarter. Thrivent Financial For Lutherans now owns 31,430 shares of the technology company’s stock worth $2,213,000 after acquiring an additional 320 shares during the last quarter. Teachers Advisors LLC grew its position in shares of ATN International by 2.5% during the first quarter. Teachers Advisors LLC now owns 17,434 shares of the technology company’s stock worth $1,228,000 after acquiring an additional 417 shares during the last quarter. Kirr Marbach & Co. LLC IN grew its position in shares of ATN International by 60.4% during the second quarter. Kirr Marbach & Co. LLC IN now owns 5,405 shares of the technology company’s stock worth $370,000 after acquiring an additional 2,035 shares during the last quarter. Dean Capital Management purchased a new position in shares of ATN International during the first quarter worth approximately $2,053,000. Finally, Jupiter Asset Management Ltd. grew its position in shares of ATN International by 0.4% during the first quarter. Jupiter Asset Management Ltd. now owns 84,392 shares of the technology company’s stock worth $5,943,000 after acquiring an additional 372 shares during the last quarter. Institutional investors and hedge funds own 59.22% of the company’s stock.
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ATN International, Inc. (NASDAQ ATNI) opened at 51.85 on Friday. The company has a 50-day moving average of $58.66 and a 200-day moving average of $65.82. The stock has a market capitalization of $839.66 million, a price-to-earnings ratio of 38.69 and a beta of 0.68. ATN International, Inc. has a 52-week low of $50.98 and a 52-week high of $87.82.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 9th. Investors of record on Saturday, September 30th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.68 dividend on an annualized basis and a yield of 1.31%. ATN International’s payout ratio is currently 100.00%.
In related news, SVP Leonard Q. Slap sold 1,000 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $62.00, for a total transaction of $62,000.00. Following the completion of the transaction, the senior vice president now directly owns 26,645 shares in the company, valued at approximately $1,651,990. The sale was disclosed in a document filed with the SEC, which is available through this link. 32.70% of the stock is owned by corporate insiders.
A number of equities analysts have recently issued reports on ATNI shares. Sidoti started coverage on shares of ATN International in a research report on Friday, June 2nd. They set a “buy” rating on the stock. BidaskClub upgraded shares of ATN International from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. ValuEngine upgraded shares of ATN International from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research lowered shares of ATN International from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, BWS Financial lowered their price objective on shares of ATN International from $64.00 to $57.00 and set a “hold” rating on the stock in a research report on Monday, July 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $67.00.
ATN International Profile
ATN International, Inc (ATN), formerly Atlantic Tele-Network, Inc, is a holding company. The Company’s segments include U.S. Telecom, International Telecom and Renewable Energy. In the United States, it provides wholesale wireless voice and data roaming services in rural markets to national, regional, local and selected international wireless carriers.
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