ATN International (NASDAQ:ATNI) Major Shareholder Sells $169,800.00 in Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $28.30, for a total transaction of $169,800.00. Following the completion of the transaction, the insider owned 109,036 shares in the company, valued at $3,085,718.80. This represents a 5.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

ATN International Stock Down 3.8%

Shares of ATN International stock opened at $25.66 on Thursday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.16 and a current ratio of 1.21. ATN International, Inc. has a 52-week low of $13.86 and a 52-week high of $30.45. The stock has a market capitalization of $394.65 million, a price-to-earnings ratio of -25.92, a P/E/G ratio of 3.60 and a beta of 0.54. The company’s 50 day moving average price is $27.24 and its 200-day moving average price is $25.54.

ATN International (NASDAQ:ATNI) last issued 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. Equities research analysts forecast that ATN International, Inc. will post 0.74 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Wall Street Zen cut shares of ATN International from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Weiss Ratings upgraded shares of ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, ATN International currently has an average rating of “Hold”.

Institutional Trading of ATN International

Several large investors have recently added to or reduced their stakes in ATNI. Strs Ohio bought a new stake in ATN International in the first quarter valued at $138,000. Marshall Wace LLP boosted its holdings in 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 acquiring an additional 27,714 shares in the last quarter. Gamco Investors INC. ET AL boosted its holdings in ATN International by 17.1% in the second quarter. Gamco Investors INC. ET AL now owns 70,221 shares of the technology company’s stock valued at $1,141,000 after acquiring an additional 10,253 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in 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 acquiring an additional 2,397 shares in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its holdings in ATN International by 5.6% in the third quarter. Brown Brothers Harriman & Co. now owns 662,544 shares of the technology company’s stock valued at $9,918,000 after acquiring an additional 35,394 shares in the last quarter. Institutional investors own 65.50% of the company’s stock.

ATN International Company Profile

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.