Cornelius Prior, Jr. Sells 500 Shares of ATN International (NASDAQ:ATNI) Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 500 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $31.25, for a total value of $15,625.00. Following the sale, the insider directly owned 47,165 shares of the company’s stock, valued at approximately $1,473,906.25. This trade represents a 1.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

ATN International Stock Down 0.6%

Shares of ATN International stock opened at $30.95 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.59 and a current ratio of 1.63. ATN International, Inc. has a 52-week low of $13.86 and a 52-week high of $33.41. The company’s 50 day moving average price is $26.42 and its 200-day moving average price is $26.88. The stock has a market capitalization of $476.63 million, a price-to-earnings ratio of 3.01, a P/E/G ratio of 3.97 and a beta of 0.56.

ATN International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Tuesday, June 30th were issued a $0.29 dividend. This is a boost from ATN International’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.16 dividend on an annualized basis and a yield of 3.7%. ATN International’s payout ratio is 11.28%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ATNI shares. Zacks Research raised shares of ATN International from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th. Wall Street Zen raised ATN International from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings upgraded ATN International from a “hold (c-)” rating to a “hold (c+)” rating in a report on Friday. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, ATN International has a consensus rating of “Hold”.

Institutional Trading of ATN International

Large investors have recently added to or reduced their stakes in the stock. Strs Ohio purchased a new position in ATN International during the 1st quarter valued at $138,000. Marshall Wace LLP lifted its position in shares of ATN International by 137.9% in the 2nd quarter. Marshall Wace LLP now owns 47,804 shares of the technology company’s stock worth $777,000 after purchasing an additional 27,714 shares during the period. Gamco Investors INC. ET AL lifted its position in shares of ATN International by 17.1% in the 2nd quarter. Gamco Investors INC. ET AL now owns 70,221 shares of the technology company’s stock worth $1,141,000 after purchasing an additional 10,253 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of ATN International by 7.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company’s stock valued at $583,000 after purchasing an additional 2,397 shares in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its stake in shares of ATN International by 5.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 662,544 shares of the technology company’s stock valued at $9,918,000 after purchasing an additional 35,394 shares in the last quarter. Institutional investors own 65.50% of the company’s stock.

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.