ATN International (NASDAQ:ATNI) Major Shareholder Sells $138,250.00 in Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $27.65, for a total value of $138,250.00. Following the completion of the transaction, the insider directly owned 81,436 shares of the company’s stock, valued at $2,251,705.40. This trade represents a 5.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

ATN International Price Performance

ATNI stock opened at $24.81 on Friday. The stock has a market cap of $381.58 million, a P/E ratio of -25.06, a PEG ratio of 3.35 and a beta of 0.55. The company has a current ratio of 1.21, a quick ratio of 1.16 and a debt-to-equity ratio of 1.01. ATN International, Inc. has a twelve month low of $13.86 and a twelve month high of $30.45. The company’s 50 day moving average is $27.00 and its two-hundred day moving average is $25.92.

ATN International (NASDAQ:ATNI) last issued its earnings results on Thursday, May 7th. The technology company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.30). The company had revenue of $182.22 million during the quarter, compared to analyst estimates of $183.40 million. ATN International had a negative net margin of 1.20% and a positive return on equity of 0.55%. Research analysts expect that ATN International, Inc. will post 0.74 earnings per share for the current fiscal year.

ATN International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Tuesday, June 30th will be paid a $0.29 dividend. This is a boost from ATN International’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 4.7%. The ex-dividend date is Tuesday, June 30th. ATN International’s payout ratio is currently -117.17%.

Institutional Trading of ATN International

Institutional investors and hedge funds have recently bought and sold shares of the business. Strs Ohio acquired a new stake in ATN International during the 1st quarter worth $138,000. Segall Bryant & Hamill LLC acquired a new position in ATN International in the fourth quarter valued at $448,000. Hillsdale Investment Management Inc. purchased a new stake in shares of ATN International in the fourth quarter valued at about $479,000. Ameriprise Financial Inc. raised its holdings in shares of ATN International by 7.2% in the second quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company’s stock valued at $583,000 after buying an additional 2,397 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake in shares of ATN International by 137.9% during the second quarter. Marshall Wace LLP now owns 47,804 shares of the technology company’s stock worth $777,000 after buying an additional 27,714 shares during the period. Hedge funds and other institutional investors own 65.50% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on ATNI. Weiss Ratings upgraded ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Wall Street Zen cut ATN International from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, ATN International currently has a consensus rating of “Hold”.

ATN International Company Profile

ATN International, Inc (NASDAQ: ATNI) is a diversified provider of telecommunications services that operates through a combination of wireless, wireline and broadband networks. Headquartered in Beverly, Massachusetts, the company offers a range of voice and data solutions to residential, commercial and wholesale customers. Its core offerings include long-distance voice services, fixed-line telephony, broadband internet access and network infrastructure solutions.

Through its business segments, ATN delivers tailored communications products to underserved markets across the Caribbean, Latin America, parts of the Pacific and select rural regions of the United States.