ATN International (NASDAQ:ATNI) Major Shareholder Sells $54,600.00 in Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 2,000 shares of ATN International stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $27.30, for a total value of $54,600.00. Following the transaction, the insider owned 107,036 shares in the company, valued at approximately $2,922,082.80. This represents a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 Trading Down 2.6%

ATNI stock traded down $0.74 during midday trading on Monday, hitting $27.63. 90,027 shares of the company’s stock were exchanged, compared to its average volume of 62,900. The stock’s fifty day moving average price is $27.29 and its 200-day moving average price is $25.47. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.16 and a current ratio of 1.21. The company has a market cap of $424.95 million, a PE ratio of -27.91, a price-to-earnings-growth ratio of 3.83 and a beta of 0.54. ATN International, Inc. has a one year low of $13.86 and a one year 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 for the quarter, missing the consensus estimate 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%. Research analysts predict that ATN International, Inc. will post 0.74 earnings per share for the current fiscal year.

ATN International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Tuesday, March 31st were paid a $0.275 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.10 dividend on an annualized basis and a yield of 4.0%. ATN International’s dividend payout ratio is presently -111.11%.

Hedge Funds Weigh In On ATN International

A number of large investors have recently modified their holdings of ATNI. Brown Brothers Harriman & Co. boosted its stake in shares of ATN International by 5.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 662,544 shares of the technology company’s stock worth $9,918,000 after buying an additional 35,394 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of ATN International by 137.9% during the 2nd quarter. Marshall Wace LLP now owns 47,804 shares of the technology company’s stock worth $777,000 after buying an additional 27,714 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of ATN International during the 4th quarter worth about $479,000. Segall Bryant & Hamill LLC acquired a new position in shares of ATN International during the 4th quarter worth about $448,000. Finally, Gamco Investors INC. ET AL boosted its stake in shares of ATN International by 17.1% during the 2nd quarter. Gamco Investors INC. ET AL now owns 70,221 shares of the technology company’s stock worth $1,141,000 after buying an additional 10,253 shares during the last quarter. 65.50% of the stock is currently owned by institutional investors and hedge funds.

ATN International News Roundup

Here are the key news stories impacting ATN International this week:

• Negative Sentiment: Cornelius B. Prior, Jr. sold 19,100 shares at an average price of $27.96, reducing his stake by 17.84%. SEC filing
• Negative Sentiment: Additional insider sales followed in multiple smaller transactions in June and May, including sales of 2,000, 6,000, 12,610, 17,500, and other shares, suggesting a sustained pattern of reducing ownership. SEC filing
• Neutral Sentiment: The sales were executed at prices mostly in the $26.25 to $28.30 range, near where the stock has recently been trading, so the transactions may also reflect portfolio rebalancing or profit-taking rather than a fundamental shift. SEC filing

Analyst Ratings Changes

A number of equities analysts recently weighed in on ATNI shares. 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 raised 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, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

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.