ATN International Inc (NASDAQ:ATNI) VP William F. Kreisher sold 8,264 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $60.17, for a total value of $497,244.88. Following the transaction, the vice president now directly owns 38,458 shares in the company, valued at approximately $2,314,017.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
ATN International Inc (NASDAQ ATNI) traded up $0.96 during midday trading on Wednesday, reaching $60.07. The company had a trading volume of 65,991 shares, compared to its average volume of 95,997. The firm has a market capitalization of $958.48, a PE ratio of 30.47 and a beta of 0.49. The company has a quick ratio of 2.03, a current ratio of 2.12 and a debt-to-equity ratio of 0.17. ATN International Inc has a fifty-two week low of $49.50 and a fifty-two week high of $74.96.
ATN International (NASDAQ:ATNI) last announced its quarterly earnings results on Wednesday, February 21st. The technology company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.87. ATN International had a return on equity of 4.38% and a net margin of 6.54%. The business had revenue of $107.70 million for the quarter, compared to analyst estimates of $102.81 million. sell-side analysts predict that ATN International Inc will post -0.09 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 6th. Investors of record on Saturday, March 31st will be issued a dividend of $0.17 per share. The ex-dividend date is Wednesday, March 28th. This represents a $0.68 dividend on an annualized basis and a yield of 1.13%. ATN International’s dividend payout ratio (DPR) is currently 34.69%.
A number of institutional investors have recently modified their holdings of the stock. Parametric Portfolio Associates LLC increased its position in ATN International by 12.9% in the second quarter. Parametric Portfolio Associates LLC now owns 37,527 shares of the technology company’s stock worth $2,568,000 after buying an additional 4,275 shares during the last quarter. River Road Asset Management LLC grew its position in shares of ATN International by 16.8% in the third quarter. River Road Asset Management LLC now owns 335,542 shares of the technology company’s stock valued at $17,683,000 after purchasing an additional 48,330 shares in the last quarter. Alps Advisors Inc. purchased a new position in shares of ATN International in the third quarter valued at $453,000. Municipal Employees Retirement System of Michigan grew its position in shares of ATN International by 44.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,320 shares of the technology company’s stock valued at $281,000 after purchasing an additional 1,640 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of ATN International by 5.7% in the third quarter. Ameriprise Financial Inc. now owns 82,729 shares of the technology company’s stock valued at $4,360,000 after purchasing an additional 4,461 shares in the last quarter. Institutional investors and hedge funds own 62.47% of the company’s stock.
A number of research firms recently weighed in on ATNI. BidaskClub lowered ATN International from a “sell” rating to a “strong sell” rating in a report on Wednesday. TheStreet upgraded ATN International from a “d+” rating to a “c-” rating in a research report on Monday, January 8th. ValuEngine downgraded ATN International from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Finally, Sidoti upgraded ATN International from a “neutral” rating to a “buy” rating and set a $70.00 price objective for the company in a research report on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $63.50.
ATN International Company Profile
ATN International, Inc (ATN), formerly Atlantic Tele-Network, Inc, is a holding company. The Company’s segments include U.S. Telecom, International Telecom and Renewable Energy. In the United States, it provides wholesale wireless voice and data roaming services in rural markets to national, regional, local and selected international wireless carriers.
Receive News & Ratings for ATN International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ATN International and related companies with MarketBeat.com's FREE daily email newsletter.