ATN International Inc (NASDAQ:ATNI) insider Michael T. Prior sold 2,000 shares of the stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $72.69, for a total value of $145,380.00. Following the completion of the sale, the insider now owns 397,624 shares in the company, valued at approximately $28,903,288.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
NASDAQ ATNI traded up $0.50 during trading hours on Thursday, reaching $73.75. 13 shares of the stock traded hands, compared to its average volume of 51,488. ATN International Inc has a 1 year low of $49.34 and a 1 year high of $75.94. The company has a quick ratio of 1.63, a current ratio of 1.68 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 33.69 and a beta of 0.62.
ATN International (NASDAQ:ATNI) last released its quarterly earnings results on Wednesday, July 25th. The technology company reported $0.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.65. ATN International had a return on equity of 3.10% and a net margin of 4.51%. The business had revenue of $117.79 million for the quarter, compared to the consensus estimate of $106.01 million. equities analysts expect that ATN International Inc will post -0.1 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ATNI. Piedmont Investment Advisors LLC purchased a new stake in ATN International during the second quarter valued at about $133,000. Alps Advisors Inc. purchased a new stake in ATN International during the second quarter valued at about $475,000. Aperio Group LLC purchased a new stake in ATN International during the first quarter valued at about $831,000. Tibra Equities Europe Ltd purchased a new stake in ATN International during the first quarter valued at about $1,398,000. Finally, SG Americas Securities LLC raised its position in ATN International by 10.9% during the second quarter. SG Americas Securities LLC now owns 31,549 shares of the technology company’s stock valued at $1,665,000 after purchasing an additional 3,090 shares in the last quarter. Institutional investors and hedge funds own 65.92% of the company’s stock.
A number of equities research analysts recently issued reports on the company. Raymond James downgraded ATN International from an “outperform” rating to a “market perform” rating and set a $69.00 price objective on the stock. in a research report on Friday, July 27th. They noted that the move was a valuation call. ValuEngine upgraded ATN International from a “sell” rating to a “hold” rating in a research report on Thursday, July 26th. BidaskClub upgraded ATN International from a “hold” rating to a “buy” rating in a research report on Tuesday, July 10th. Finally, Zacks Investment Research upgraded ATN International from a “sell” rating to a “hold” rating in a research report on Wednesday, June 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $61.33.
About ATN International
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.
Recommended Story: Penny Stocks, Risk and Reward Factors
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.