Gamco Investors INC. ET AL Sells 25,506 Shares of ATN International, Inc. $ATNI

Gamco Investors INC. ET AL trimmed its stake in shares of ATN International, Inc. (NASDAQ:ATNI) by 33.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 51,430 shares of the technology company’s stock after selling 25,506 shares during the quarter. Gamco Investors INC. ET AL’s holdings in ATN International were worth $1,173,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Ameriprise Financial Inc. lifted its position in shares of ATN International by 7.2% during 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 period. Strs Ohio bought a new stake in shares of ATN International during the 1st quarter valued at $138,000. Marshall Wace LLP lifted its position in shares of ATN International by 137.9% during the 2nd quarter. Marshall Wace LLP now owns 47,804 shares of the technology company’s stock valued at $777,000 after acquiring an additional 27,714 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its position in shares of ATN International by 5.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 662,544 shares of the technology company’s stock valued at $9,918,000 after acquiring an additional 35,394 shares during the period. 65.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

ATN International Price Performance

ATN International stock opened at $27.25 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.16 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $419.11 million, a PE ratio of -27.52, a P/E/G ratio of 6.14 and a beta of 0.54. ATN International, Inc. has a 12 month low of $13.76 and a 12 month high of $30.45. The stock has a 50-day moving average price of $27.05 and a two-hundred day moving average price of $24.43.

ATN International (NASDAQ:ATNI) last posted its 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 firm had revenue of $182.22 million during the quarter, compared to the consensus estimate of $183.40 million. ATN International had a negative net margin of 1.20% and a positive return on equity of 0.55%. Analysts expect that ATN International, Inc. will post 0.44 EPS for the current year.

ATN International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Tuesday, March 31st were given a $0.275 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $1.10 annualized dividend and a yield of 4.0%. ATN International’s dividend payout ratio (DPR) is currently -111.11%.

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.