Cornelius Prior, Jr. Sells 17,500 Shares of ATN International (NASDAQ:ATNI) Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 17,500 shares of ATN International stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $28.17, for a total value of $492,975.00. Following the completion of the transaction, the insider directly owned 160,146 shares of the company’s stock, valued at approximately $4,511,312.82. This represents a 9.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

ATN International Stock Performance

NASDAQ ATNI opened at $26.66 on Wednesday. The company has a market cap of $410.03 million, a P/E 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 stock has a 50-day moving average of $27.27 and a two-hundred day moving average of $25.51. ATN International, Inc. has a 1-year low of $13.86 and a 1-year 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 the consensus estimate of $0.12 by ($0.30). The firm had revenue of $182.22 million during the quarter, compared to analyst estimates 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, analysts anticipate that ATN International, Inc. will post 0.74 EPS for the current year.

Hedge Funds Weigh In On ATN International

Institutional investors and hedge funds have recently made changes to their positions in the stock. Hillsdale Investment Management Inc. acquired a new position in shares of ATN International during the fourth quarter worth about $479,000. Gamco Investors INC. ET AL grew its position in shares of ATN International by 9.6% during the third quarter. Gamco Investors INC. ET AL now owns 76,936 shares of the technology company’s stock worth $1,152,000 after buying an additional 6,715 shares in the last quarter. Brown Brothers Harriman & Co. grew its position in shares of ATN International by 5.6% during the third quarter. Brown Brothers Harriman & Co. now owns 662,544 shares of the technology company’s stock worth $9,918,000 after buying an additional 35,394 shares in the last quarter. Marshall Wace LLP grew its position in shares of ATN International by 137.9% during the second 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 in the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of ATN International by 7.2% during the second 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 in the last quarter. 65.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

More ATN International News

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.