ATN International’s (ATNI) Buy Rating Reaffirmed at BWS Financial

BWS Financial restated their buy rating on shares of ATN International (NASDAQ:ATNI) in a research report report published on Monday, Benzinga reports. The brokerage currently has a $30.00 price objective on the technology company’s stock.

Separately, Raymond James reaffirmed a strong-buy rating and issued a $32.00 price objective (down previously from $40.00) on shares of ATN International in a research note on Friday.

ATN International Stock Performance

NASDAQ:ATNI opened at $19.77 on Monday. The stock has a market cap of $306.04 million, a P/E ratio of -15.21 and a beta of 0.39. The company has a quick ratio of 0.89, a current ratio of 1.06 and a debt-to-equity ratio of 0.83. The business’s 50-day moving average price is $30.17 and its two-hundred day moving average price is $33.08. ATN International has a twelve month low of $18.20 and a twelve month high of $41.03.

ATN International (NASDAQ:ATNI) last announced its earnings results on Wednesday, February 21st. The technology company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.01). The company had revenue of $198.97 million during the quarter, compared to analysts’ expectations of $192.07 million. ATN International had a negative net margin of 1.96% and a negative return on equity of 1.17%. As a group, equities analysts predict that ATN International will post -0.31 EPS for the current fiscal year.

ATN International Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Sunday, March 31st were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 4.25%. The ex-dividend date of this dividend was Wednesday, March 27th. ATN International’s dividend payout ratio (DPR) is -73.85%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ATNI. Brown Brothers Harriman & Co. lifted its holdings in ATN International by 1.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 595,703 shares of the technology company’s stock worth $23,215,000 after buying an additional 10,000 shares during the period. Bank of New York Mellon Corp lifted its stake in ATN International by 1.4% in the third quarter. Bank of New York Mellon Corp now owns 188,995 shares of the technology company’s stock worth $5,965,000 after acquiring an additional 2,580 shares during the period. Keeley Teton Advisors LLC boosted its holdings in ATN International by 27.6% in the fourth quarter. Keeley Teton Advisors LLC now owns 19,266 shares of the technology company’s stock valued at $751,000 after acquiring an additional 4,163 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in ATN International by 498.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,951 shares of the technology company’s stock valued at $76,000 after purchasing an additional 1,625 shares during the period. Finally, GAMMA Investing LLC raised its holdings in ATN International by 64.3% in the 1st quarter. GAMMA Investing LLC now owns 1,940 shares of the technology company’s stock worth $61,000 after purchasing an additional 759 shares in the last quarter. Hedge funds and other institutional investors own 65.50% of the company’s stock.

ATN International Company Profile

ATN International, Inc, through its subsidiaries, engages in the provision of digital infrastructure and communications services to residential, business, and government customers in the United States and internationally. The company operates through International Telecom and US Telecom segments. The company offers mobile, data, voice, broadband, and fixed services; handsets and accessories; and wholesale roaming, long distance voice services, and site maintenance services.