ATN International Inc (NASDAQ:ATNI) insider Michael T. Prior sold 2,000 shares of the company’s stock in a transaction dated Monday, June 11th. The shares were sold at an average price of $55.48, for a total value of $110,960.00. Following the sale, the insider now owns 402,624 shares in the company, valued at approximately $22,337,579.52. The sale was disclosed in a filing with the SEC, which is available through this link.
ATN International traded up $0.21, hitting $53.02, on Thursday, MarketBeat Ratings reports. The stock had a trading volume of 46,120 shares, compared to its average volume of 84,372. The firm has a market cap of $854.03 million, a P/E ratio of 24.44 and a beta of 0.50. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.71 and a current ratio of 1.80. ATN International Inc has a 52 week low of $49.50 and a 52 week high of $71.25.
ATN International (NASDAQ:ATNI) last announced its quarterly earnings results on Wednesday, April 25th. The technology company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.25). The firm had revenue of $104.48 million during the quarter, compared to the consensus estimate of $106.52 million. ATN International had a return on equity of 2.91% and a net margin of 4.17%. equities analysts forecast that ATN International Inc will post -0.66 earnings per share for the current fiscal year.
Several research analysts have issued reports on ATNI shares. BidaskClub upgraded ATN International from a “hold” rating to a “buy” rating in a report on Wednesday, April 18th. Zacks Investment Research lowered ATN International from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. ValuEngine lowered ATN International from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Finally, BWS Financial lowered ATN International from a “hold” rating to a “sell” rating and cut their price target for the stock from $57.00 to $45.00 in a report on Friday, April 27th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $57.50.
Several institutional investors have recently modified their holdings of the company. Tibra Equities Europe Ltd purchased a new stake in shares of ATN International in the first quarter worth approximately $1,398,000. Eagle Boston Investment Management Inc. purchased a new stake in shares of ATN International in the first quarter worth approximately $2,275,000. Aperio Group LLC purchased a new stake in shares of ATN International in the first quarter worth approximately $831,000. SG Americas Securities LLC raised its stake in shares of ATN International by 362.0% in the first quarter. SG Americas Securities LLC now owns 28,459 shares of the technology company’s stock worth $1,697,000 after purchasing an additional 22,299 shares during the last quarter. Finally, MetLife Investment Advisors LLC purchased a new stake in shares of ATN International in the fourth quarter worth approximately $263,000. 61.27% of the stock is owned by hedge funds and other institutional investors.
ATN International Company Profile
ATN International, Inc, through its subsidiaries, provides wireless and wireline telecommunications services in North America, Bermuda, and the Caribbean. It operates through U.S. Telecom, International Telecom, and Renewable Energy segments. The company offers wholesale wireless voice and data roaming services; wireline local telephone and data, video, and long-distance voice services; and facilities-based integrated voice and data communications, and wholesale transport services to enterprise and residential customers.
Receive News & Ratings for ATN International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ATN International and related companies with MarketBeat.com's FREE daily email newsletter.