ATN International (NASDAQ:ATNI) Major Shareholder Sells $27,080.00 in Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $27.08, for a total transaction of $27,080.00. Following the completion of the transaction, the insider owned 86,936 shares in the company, valued at approximately $2,354,226.88. This represents a 1.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

ATN International Stock Up 2.4%

Shares of NASDAQ ATNI traded up $0.66 during midday trading on Monday, hitting $27.69. The company’s stock had a trading volume of 80,501 shares, compared to its average volume of 73,153. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.21 and a quick ratio of 1.16. ATN International, Inc. has a 1 year low of $13.86 and a 1 year high of $30.45. The firm has a market capitalization of $425.87 million, a price-to-earnings ratio of -27.97, a price-to-earnings-growth ratio of 3.65 and a beta of 0.54. The business’s fifty day simple moving average is $27.23 and its two-hundred day simple moving average is $25.79.

ATN International (NASDAQ:ATNI) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported ($0.18) EPS 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 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%. On average, equities analysts predict that ATN International, Inc. will post 0.74 EPS for the current year.

ATN International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This is an increase from ATN International’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a yield of 4.2%. ATN International’s dividend payout ratio is -111.11%.

Analysts Set New Price Targets

A number of analysts have weighed in on ATNI shares. Weiss Ratings raised ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Wall Street Zen lowered shares of ATN International from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Institutional Investors Weigh In On ATN International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Strs Ohio acquired a new position in ATN International during the 1st quarter worth approximately $138,000. Segall Bryant & Hamill LLC acquired a new position in ATN International during the 4th quarter worth $448,000. Hillsdale Investment Management Inc. bought a new stake in ATN International in the fourth quarter valued at about $479,000. Ameriprise Financial Inc. increased its holdings in shares of ATN International by 7.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company’s stock valued at $583,000 after acquiring an additional 2,397 shares during the last quarter. Finally, Marshall Wace LLP raised its holdings 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 purchasing an additional 27,714 shares during the period. 65.50% of the stock is currently owned by institutional investors and hedge funds.

About ATN International

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.