Cornelius Prior Jr Sells 12,610 Shares of ATN International (NASDAQ:ATNI) Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 12,610 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $28.29, for a total value of $356,736.90. Following the transaction, the insider directly owned 115,036 shares of the company’s stock, valued at approximately $3,254,368.44. This trade represents a 9.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

ATN International Stock Down 2.6%

ATNI stock traded down $0.74 on Monday, reaching $27.63. 90,027 shares of the company traded hands, compared to its average volume of 62,900. ATN International, Inc. has a one year low of $13.86 and a one year high of $30.45. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.21 and a quick ratio of 1.16. The company has a market cap of $424.95 million, a P/E ratio of -27.91, a price-to-earnings-growth ratio of 3.83 and a beta of 0.54. The firm has a fifty day simple moving average of $27.29 and a 200-day simple moving average of $25.47.

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

ATN International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Tuesday, March 31st were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Tuesday, March 31st. ATN International’s dividend payout ratio (DPR) is -111.11%.

Analyst Ratings Changes

ATNI has been the subject of a number of analyst reports. Weiss Ratings raised ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Wall Street Zen lowered ATN International from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Two analysts have rated the stock with a Hold rating, According to MarketBeat, ATN International presently has an average rating of “Hold”.

Hedge Funds Weigh In On ATN International

Institutional investors and hedge funds have recently modified their holdings of the company. Strs Ohio purchased a new position in shares of ATN International in the 1st quarter worth $138,000. Segall Bryant & Hamill LLC purchased a new position in shares of ATN International in the 4th quarter worth $448,000. Hillsdale Investment Management Inc. purchased a new position in shares of ATN International in the 4th quarter worth $479,000. Ameriprise Financial Inc. boosted its stake in shares of ATN International by 7.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company’s stock worth $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% in the 2nd 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 last quarter. 65.50% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about ATN International

Here are the key news stories impacting ATN International this week:

• Negative Sentiment: Cornelius B. Prior, Jr. sold 19,100 shares at an average price of $27.96, reducing his stake by 17.84%. SEC filing
• Negative Sentiment: Additional insider sales followed in multiple smaller transactions in June and May, including sales of 2,000, 6,000, 12,610, 17,500, and other shares, suggesting a sustained pattern of reducing ownership. SEC filing
• Neutral Sentiment: The sales were executed at prices mostly in the $26.25 to $28.30 range, near where the stock has recently been trading, so the transactions may also reflect portfolio rebalancing or profit-taking rather than a fundamental shift. SEC filing

About ATN International

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.