Insider Selling: ATN International (NASDAQ:ATNI) Major Shareholder Sells $70,625.00 in Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 2,500 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $28.25, for a total transaction of $70,625.00. Following the sale, the insider owned 127,646 shares of the company’s stock, valued at $3,605,999.50. This trade represents a 1.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

ATN International Stock Performance

Shares of ATNI stock opened at $25.66 on Thursday. The firm 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 two-hundred 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 12 month low of $13.86 and a 12 month high of $30.45.

ATN International (NASDAQ:ATNI) last posted its earnings results on Thursday, May 7th. The technology company reported ($0.18) earnings per share (EPS) 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 firm had revenue of $182.22 million during the quarter, compared to the consensus estimate of $183.40 million. Analysts forecast that ATN International, Inc. will post 0.74 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on ATNI. Wall Street Zen lowered 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 analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Hedge Funds Weigh In On ATN International

Institutional investors have recently added to or reduced their stakes in the stock. Hillsdale Investment Management Inc. bought a new position in ATN International during the fourth quarter valued at about $479,000. Gamco Investors INC. ET AL grew its position in ATN International by 9.6% during the third 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 period. Brown Brothers Harriman & Co. grew its position in ATN International by 5.6% during the third 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 during the period. Marshall Wace LLP grew its position in ATN International by 137.9% during 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. Finally, Ameriprise Financial Inc. grew its position in ATN International by 7.2% during 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. 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.