ATN International (NASDAQ:ATNI) Major Shareholder Sells $168,094.44 in Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 5,367 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $31.32, for a total value of $168,094.44. Following the sale, the insider owned 20,174 shares in the company, valued at $631,849.68. The trade was a 21.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

ATN International Stock Performance

Shares of ATNI traded down $0.44 during mid-day trading on Friday, hitting $28.73. The stock had a trading volume of 156,605 shares, compared to its average volume of 75,994. The company has a market cap of $442.53 million, a PE ratio of 2.79, a PEG ratio of 3.82 and a beta of 0.59. The company’s fifty day simple moving average is $28.10 and its two-hundred day simple moving average is $27.27. The company has a quick ratio of 1.59, a current ratio of 1.63 and a debt-to-equity ratio of 0.68. ATN International, Inc. has a fifty-two week low of $13.86 and a fifty-two week high of $33.41.

Analyst Ratings Changes

A number of analysts have weighed in on ATNI shares. Weiss Ratings raised shares of ATN International from a “hold (c-)” rating to a “hold (c+)” rating in a report on Friday, August 21st. Wall Street Zen raised shares of ATN International from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 12th. Finally, Zacks Research upgraded shares of ATN International from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, ATN International presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc bought a new position in ATN International during the 2nd quarter worth $25,000. Meeder Asset Management Inc. bought a new stake in ATN International in the second quarter valued at $217,000. Canada Pension Plan Investment Board acquired a new position in shares of ATN International during the second quarter valued at $220,000. Deutsche Bank AG acquired a new position in shares of ATN International during the second quarter valued at $262,000. Finally, Algert Global LLC bought a new position in shares of ATN International during the second quarter worth about $275,000. 65.50% of the stock is currently owned by institutional investors.

ATN International Company Profile

ATN International, Inc is a telecommunications company that provides wireless and wireline communications services in rural and underserved markets. Its offerings include mobile and fixed wireless connectivity, broadband internet, voice services, fiber and enterprise connectivity, managed information technology services, wholesale telecommunications, and related infrastructure services.

The company serves customers in selected markets across the United States and the Caribbean. Its operations have included telecommunications networks and broadband services in Alaska and other rural U.S.