ATN International (NASDAQ:ATNI) Major Shareholder Cornelius Prior, Jr. Sells 5,000 Shares of Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $27.25, for a total transaction of $136,250.00. Following the completion of the transaction, the insider owned 188,000 shares of the company’s stock, valued at approximately $5,123,000. The trade was a 2.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

ATN International Price Performance

Shares of NASDAQ ATNI opened at $27.63 on Tuesday. ATN International, Inc. has a twelve month low of $13.86 and a twelve month high of $30.45. The firm has a market cap of $424.95 million, a P/E ratio of -27.91, a PEG ratio of 3.83 and a beta of 0.54. The company has a 50 day moving average of $27.29 and a 200 day moving average of $25.47. The company has a quick ratio of 1.16, a current ratio of 1.21 and a debt-to-equity ratio of 1.01.

ATN International (NASDAQ:ATNI) last announced 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 positive return on equity of 0.55% and a negative net margin of 1.20%.The firm had revenue of $182.22 million during the quarter, compared to analysts’ expectations of $183.40 million. As a group, research analysts expect that ATN International, Inc. will post 0.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of ATN International from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Weiss Ratings upgraded shares of ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

Key Headlines Impacting 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

Institutional Investors Weigh In On ATN International

A number of hedge funds have recently added to or reduced their stakes in ATNI. Brown Brothers Harriman & Co. raised its stake in 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 buying an additional 35,394 shares during the last quarter. Marshall Wace LLP raised its stake in ATN International by 137.9% during the 2nd quarter. Marshall Wace LLP now owns 47,804 shares of the technology company’s stock valued at $777,000 after buying an additional 27,714 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new stake in ATN International during the 4th quarter valued at $479,000. Segall Bryant & Hamill LLC purchased a new stake in ATN International during the 4th quarter valued at $448,000. Finally, Gamco Investors INC. ET AL raised its stake in ATN International by 17.1% during the 2nd quarter. Gamco Investors INC. ET AL now owns 70,221 shares of the technology company’s stock valued at $1,141,000 after buying an additional 10,253 shares during the last quarter. 65.50% of the stock is currently owned by hedge funds and other institutional investors.

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.