ATN International (NASDAQ:ATNI) Major Shareholder Cornelius Prior, Jr. Sells 2,854 Shares of Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 2,854 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $27.96, for a total transaction of $79,797.84. Following the completion of the sale, the insider owned 177,646 shares of the company’s stock, valued at $4,966,982.16. This trade represents a 1.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

ATN International Trading Down 2.6%

Shares of ATN International stock opened at $27.63 on Tuesday. The firm has a market cap of $424.95 million, a price-to-earnings ratio of -27.91, a price-to-earnings-growth ratio of 3.83 and a beta of 0.54. ATN International, Inc. has a 52-week low of $13.86 and a 52-week high of $30.45. The company’s 50-day simple moving average is $27.29 and its 200-day simple moving average is $25.47. The company has a quick ratio of 1.16, a current ratio of 1.21 and a debt-to-equity ratio of 1.01.

ATN International (NASDAQ:ATNI) last issued its earnings results on Thursday, May 7th. The technology company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.30). ATN International had a positive return on equity of 0.55% and a negative net margin of 1.20%.The business had revenue of $182.22 million for the quarter, compared to analysts’ expectations of $183.40 million. As a group, equities research analysts anticipate that ATN International, Inc. will post 0.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ATNI. Wall Street Zen cut ATN International from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Weiss Ratings raised ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Key ATN International News

Here are the key news stories impacting ATN International this week:

• Negative Sentiment: Cornelius B. Prior, Jr. sold 19,100 shares at an average price of $27.96, reducing his stake by 17.84%. SEC filing
• Negative Sentiment: Additional insider sales followed in multiple smaller transactions in June and May, including sales of 2,000, 6,000, 12,610, 17,500, and other shares, suggesting a sustained pattern of reducing ownership. SEC filing
• Neutral Sentiment: The sales were executed at prices mostly in the $26.25 to $28.30 range, near where the stock has recently been trading, so the transactions may also reflect portfolio rebalancing or profit-taking rather than a fundamental shift. SEC filing

Institutional Trading of ATN International

Institutional investors and hedge funds have recently modified their holdings of the business. Segall Bryant & Hamill LLC grew its position in shares of ATN International by 49.3% in the first quarter. Segall Bryant & Hamill LLC now owns 29,341 shares of the technology company’s stock valued at $799,000 after purchasing an additional 9,684 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of ATN International by 0.9% during the 1st quarter. Bank of New York Mellon Corp now owns 122,634 shares of the technology company’s stock worth $3,338,000 after purchasing an additional 1,132 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of ATN International during the 4th quarter worth approximately $479,000. Brown Brothers Harriman & Co. lifted its stake in ATN International by 5.6% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 662,544 shares of the technology company’s stock valued at $9,918,000 after buying an additional 35,394 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its holdings in ATN International by 9.6% during the 3rd quarter. Gamco Investors INC. ET AL now owns 76,936 shares of the technology company’s stock valued at $1,152,000 after buying an additional 6,715 shares during the last quarter. Hedge funds and other institutional investors own 65.50% of the company’s stock.

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.