ATN International, Inc. (NASDAQ:ATNI) had its price target cut by BWS Financial from $64.00 to $57.00 in a research note released on Monday, July 31st, Marketbeat Ratings reports. They currently have a hold rating on the technology company’s stock.
ATNI has been the subject of a number of other reports. BidaskClub lowered ATN International from a buy rating to a hold rating in a report on Wednesday, July 12th. Zacks Investment Research lowered ATN International from a hold rating to a sell rating in a report on Tuesday, May 2nd. Sidoti initiated coverage on ATN International in a report on Friday, June 2nd. They issued a buy rating for the company. Finally, TheStreet lowered ATN International from a b- rating to a c+ rating in a report on Wednesday, May 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. ATN International currently has an average rating of Hold and a consensus target price of $67.00.
Shares of ATN International (ATNI) traded down 0.67% during trading on Monday, hitting $59.49. 46,580 shares of the company were exchanged. The company has a 50 day moving average of $64.54 and a 200-day moving average of $69.26. The stock has a market capitalization of $963.38 million, a PE ratio of 44.40 and a beta of 0.70. ATN International has a 1-year low of $57.78 and a 1-year high of $87.82.
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In other ATN International news, SVP Leonard Q. Slap sold 1,000 shares of ATN International stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $62.00, for a total transaction of $62,000.00. Following the completion of the sale, the senior vice president now directly owns 26,645 shares of the company’s stock, valued at approximately $1,651,990. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 32.70% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the company. OppenheimerFunds Inc. increased its stake in shares of ATN International by 50.6% in the first quarter. OppenheimerFunds Inc. now owns 5,014 shares of the technology company’s stock worth $353,000 after buying an additional 1,684 shares during the period. Jupiter Asset Management Ltd. increased its stake in shares of ATN International by 0.4% in the first quarter. Jupiter Asset Management Ltd. now owns 84,392 shares of the technology company’s stock worth $5,943,000 after buying an additional 372 shares during the period. Arizona State Retirement System increased its stake in shares of ATN International by 1.8% in the first quarter. Arizona State Retirement System now owns 5,553 shares of the technology company’s stock worth $391,000 after buying an additional 100 shares during the period. Dean Investment Associates LLC acquired a new stake in shares of ATN International during the first quarter worth about $3,904,000. Finally, Ameriprise Financial Inc. increased its stake in shares of ATN International by 4.5% in the first quarter. Ameriprise Financial Inc. now owns 84,648 shares of the technology company’s stock worth $5,961,000 after buying an additional 3,650 shares during the period. 58.81% of the stock is owned by institutional investors.
ATN International Company Profile
ATN International, Inc (ATN), formerly Atlantic Tele-Network, Inc, is a holding company. The Company’s segments include U.S. Telecom, International Telecom and Renewable Energy. In the United States, it provides wholesale wireless voice and data roaming services in rural markets to national, regional, local and selected international wireless carriers.
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