Cornelius Prior, Jr. Sells 2,000 Shares of ATN International (NASDAQ:ATNI) Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 2,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $27.25, for a total value of $54,500.00. Following the sale, the insider directly owned 186,000 shares of the company’s stock, valued at $5,068,500. The trade was a 1.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

ATN International Stock Down 3.5%

Shares of ATNI opened at $26.66 on Wednesday. The company’s 50-day moving average price is $27.27 and its 200 day moving average price is $25.51. ATN International, Inc. has a 12-month low of $13.86 and a 12-month high of $30.45. 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 firm has a market cap of $410.03 million, a P/E ratio of -26.93, a price-to-earnings-growth ratio of 3.73 and a beta of 0.54.

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). ATN International had a positive return on equity of 0.55% and a negative net margin of 1.20%.The company had revenue of $182.22 million for the quarter, compared to analysts’ expectations of $183.40 million. On average, sell-side analysts forecast that ATN International, Inc. will post 0.74 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on ATNI shares. Wall Street Zen downgraded shares of 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 research note on Wednesday, May 13th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Institutional Investors Weigh In On ATN International

Large investors have recently bought and sold shares of the stock. Strs Ohio acquired a new stake in ATN International in the 1st quarter valued at about $138,000. Segall Bryant & Hamill LLC acquired a new position in shares of ATN International during the fourth quarter worth about $448,000. Hillsdale Investment Management Inc. acquired a new position in shares of ATN International during the fourth quarter worth about $479,000. Ameriprise Financial Inc. increased its stake in shares of ATN International by 7.2% during the second 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 period. Finally, Marshall Wace LLP increased its stake 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 buying an additional 27,714 shares during the period. Hedge funds and other institutional investors own 65.50% of the company’s stock.

More ATN International News

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

• Negative Sentiment: Cornelius B. Prior, Jr. has sold shares in multiple recent transactions, including a 19,100-share sale and other smaller sales, reducing his ownership meaningfully. SEC filing
• Negative Sentiment: The selling pattern has been consistent across several dates in May and June, which may reinforce concerns that a large insider sees better value elsewhere or is trimming exposure. SEC filing
• Neutral Sentiment: The sale prices were clustered near the stock’s recent trading range, so the activity could also reflect portfolio rebalancing or routine liquidity management rather than a change in fundamentals. SEC filing

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.