Insider Selling: ATN International (NASDAQ:ATNI) Major Shareholder Sells $94,570.00 in Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 3,500 shares of ATN International stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $27.02, for a total value of $94,570.00. Following the sale, the insider owned 182,500 shares in the company, valued at $4,931,150. This trade represents a 1.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

ATN International Stock Performance

Shares of ATN International stock opened at $25.66 on Thursday. The business’s fifty day simple moving average is $27.24 and its 200 day simple moving average is $25.54. The firm has a market capitalization of $394.65 million, a P/E ratio of -25.92, a price-to-earnings-growth ratio of 3.60 and a beta of 0.54. 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.

ATN International (NASDAQ:ATNI) last issued its quarterly earnings results 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 business had revenue of $182.22 million for the quarter, compared to the consensus estimate of $183.40 million. ATN International had a positive return on equity of 0.55% and a negative net margin of 1.20%. As a group, analysts anticipate that ATN International, Inc. will post 0.74 EPS for the current year.

Wall Street Analysts Forecast Growth

ATNI has been the topic of a number of recent analyst reports. Weiss Ratings upgraded ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Wall Street Zen lowered ATN International from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Institutional Trading of ATN International

Several hedge funds have recently made changes to their positions in ATNI. Strs Ohio bought a new stake in shares of ATN International in the first quarter valued at $138,000. Segall Bryant & Hamill LLC bought a new stake in shares of ATN International in the fourth quarter valued at $448,000. Hillsdale Investment Management Inc. bought a new stake in shares of ATN International in the fourth quarter valued at $479,000. Ameriprise Financial Inc. raised its stake in shares of ATN International by 7.2% in the second quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company’s stock valued at $583,000 after buying an additional 2,397 shares during the period. Finally, Marshall Wace LLP raised its stake in shares of ATN International by 137.9% in the second quarter. Marshall Wace LLP now owns 47,804 shares of the technology company’s stock valued at $777,000 after buying an additional 27,714 shares during the period. 65.50% of the stock is currently owned by institutional investors.

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.