ATN International (NASDAQ:ATNI) Major Shareholder Sells $534,036.00 in Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 19,100 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $27.96, for a total value of $534,036.00. Following the transaction, the insider directly owned 87,936 shares in the company, valued at $2,458,690.56. This trade represents a 17.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

ATN International Stock Performance

ATN International stock opened at $25.66 on Thursday. The stock’s 50 day moving average price is $27.24 and its 200 day moving average price is $25.54. The firm has a market capitalization of $394.65 million, a PE ratio of -25.92, a price-to-earnings-growth ratio of 3.60 and a beta of 0.54. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.16 and a current ratio of 1.21. ATN International, Inc. has a one year low of $13.86 and a one year high of $30.45.

ATN International (NASDAQ:ATNI) last released its quarterly earnings results on Thursday, May 7th. The technology company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.30). The company had revenue of $182.22 million for the quarter, compared to analyst estimates of $183.40 million. ATN International had a positive return on equity of 0.55% and a negative net margin of 1.20%. As a group, sell-side analysts expect that ATN International, Inc. will post 0.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ATNI has been the topic of several analyst reports. Wall Street Zen downgraded ATN International from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Weiss Ratings upgraded ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ATNI. Strs Ohio bought a new position in ATN International during the 1st quarter worth $138,000. Marshall Wace LLP grew 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 worth $777,000 after buying an additional 27,714 shares during the last quarter. Gamco Investors INC. ET AL grew 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 worth $1,141,000 after buying an additional 10,253 shares during the last quarter. Ameriprise Financial Inc. grew its stake in ATN International by 7.2% during the 2nd 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 during the last quarter. Finally, Brown Brothers Harriman & Co. grew 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 worth $9,918,000 after buying an additional 35,394 shares during the last quarter. 65.50% of the stock is currently owned by institutional investors.

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.