Cornelius Prior, Jr. Sells 2,500 Shares of ATN International (NASDAQ:ATNI) Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 2,500 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $28.25, for a total value of $70,625.00. Following the sale, the insider directly owned 127,646 shares in the company, valued at $3,605,999.50. This represents a 1.92% decrease in their position. 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

Shares of NASDAQ ATNI opened at $26.66 on Wednesday. The stock has a market capitalization of $410.03 million, a PE ratio of -26.93, a P/E/G ratio of 3.73 and a beta of 0.54. 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 business has a fifty day moving average price of $27.27 and a two-hundred day moving average price of $25.51. ATN International, Inc. has a fifty-two week low of $13.86 and a fifty-two week high of $30.45.

ATN International (NASDAQ:ATNI) last released its earnings results 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). The company had revenue of $182.22 million for the quarter, compared to the consensus estimate of $183.40 million. ATN International had a negative net margin of 1.20% and a positive return on equity of 0.55%. As a group, equities analysts predict that ATN International, Inc. will post 0.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Weiss Ratings upgraded shares of ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Wall Street Zen downgraded shares of 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 data from MarketBeat.com, the company has an average rating of “Hold”.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ATNI. Strs Ohio acquired a new position in ATN International during the first quarter worth about $138,000. 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 valued at $777,000 after purchasing an additional 27,714 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake 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 valued at $1,141,000 after purchasing an additional 10,253 shares in the last quarter. Ameriprise Financial Inc. grew its holdings 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 during the last quarter. Finally, Brown Brothers Harriman & Co. grew its holdings 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 during the last quarter. Institutional investors own 65.50% of the company’s stock.

ATN International News Summary

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

• Negative Sentiment: Cornelius B. Prior, Jr. has sold shares in multiple recent transactions, including a 19,100-share sale and other smaller sales, reducing his ownership meaningfully. SEC filing
• Negative Sentiment: The selling pattern has been consistent across several dates in May and June, which may reinforce concerns that a large insider sees better value elsewhere or is trimming exposure. SEC filing
• Neutral Sentiment: The sale prices were clustered near the stock’s recent trading range, so the activity could also reflect portfolio rebalancing or routine liquidity management rather than a change in fundamentals. SEC filing

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.