ATN International (NASDAQ:ATNI) Major Shareholder Sells $54,500.00 in Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 2,000 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $27.25, for a total transaction of $54,500.00. Following the completion of the transaction, the insider owned 186,000 shares of the company’s stock, valued at $5,068,500. This trade represents a 1.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

ATN International Price Performance

Shares of ATNI stock opened at $25.66 on Thursday. The company 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 firm has a fifty day simple moving average of $27.24 and a 200-day simple moving average of $25.54. The company has a current ratio of 1.21, a quick ratio of 1.16 and a debt-to-equity ratio of 1.01. ATN International, Inc. has a twelve month low of $13.86 and a twelve month high of $30.45.

ATN International (NASDAQ:ATNI) last announced 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 analysts’ expectations of $183.40 million. ATN International had a negative net margin of 1.20% and a positive return on equity of 0.55%. Equities research analysts anticipate that ATN International, Inc. will post 0.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ATNI. Strs Ohio bought a new position in ATN International during the 1st quarter valued at $138,000. Marshall Wace LLP boosted 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 valued at $777,000 after acquiring an additional 27,714 shares during the last quarter. Gamco Investors INC. ET AL boosted 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 valued at $1,141,000 after acquiring an additional 10,253 shares during the last quarter. Ameriprise Financial Inc. boosted 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 valued at $583,000 after acquiring an additional 2,397 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted 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 valued at $9,918,000 after acquiring an additional 35,394 shares during the last quarter. 65.50% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

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.