Cornelius Prior, Jr. Sells 7,000 Shares of ATN International (NASDAQ:ATNI) Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 7,000 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $32.55, for a total value of $227,850.00. Following the completion of the transaction, the insider owned 66,936 shares of the company’s stock, valued at $2,178,766.80. This trade represents a 9.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

ATN International Trading Up 2.7%

Shares of ATN International stock opened at $31.87 on Friday. ATN International, Inc. has a fifty-two week low of $13.86 and a fifty-two week high of $33.41. The business’s fifty day moving average is $25.86 and its two-hundred day moving average is $26.55. The company has a quick ratio of 1.16, a current ratio of 1.63 and a debt-to-equity ratio of 0.68. The firm has a market cap of $490.80 million, a PE ratio of 3.10, a P/E/G ratio of 3.98 and a beta of 0.56.

ATN International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Tuesday, June 30th were issued a $0.29 dividend. This is a positive change from ATN International’s previous quarterly dividend of $0.28. The ex-dividend date was Tuesday, June 30th. This represents a $1.16 annualized dividend and a yield of 3.6%. ATN International’s dividend payout ratio (DPR) is presently 11.28%.

Institutional Trading of ATN International

A number of institutional investors have recently modified their holdings of the company. BlackRock Inc. purchased a new position in ATN International in the second quarter valued at approximately $24,457,000. Brown Brothers Harriman & Co. grew its stake in ATN International by 5.6% during the third 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 period. Bank of New York Mellon Corp purchased a new stake in ATN International during the second quarter worth approximately $3,323,000. Gamco Investors INC. ET AL increased its position in shares of 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 worth $1,141,000 after acquiring an additional 10,253 shares in the last quarter. Finally, Marshall Wace LLP increased its position in shares of ATN International by 137.9% in the second quarter. Marshall Wace LLP now owns 47,804 shares of the technology company’s stock worth $777,000 after acquiring an additional 27,714 shares in the last quarter. Hedge funds and other institutional investors own 65.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ATNI shares. Weiss Ratings reissued a “hold (c-)” rating on shares of ATN International in a research report on Friday, August 7th. Zacks Research raised shares of ATN International from a “strong sell” rating to a “hold” rating in a research note on Monday. Finally, Wall Street Zen upgraded ATN International from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

About ATN International

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.