Atento SA (NYSE:ATTO) Short Interest Down 23.3% in September

Atento SA (NYSE:ATTO) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 69,800 shares, a drop of 23.3% from the August 30th total of 91,000 shares. Based on an average trading volume of 120,400 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.3% of the shares of the company are short sold.

Shares of ATTO traded down $0.02 during mid-day trading on Monday, hitting $2.72. The stock had a trading volume of 8,600 shares, compared to its average volume of 146,773. The firm has a market cap of $196.60 million, a P/E ratio of 3.53, a PEG ratio of 0.95 and a beta of 0.78. The business has a fifty day moving average price of $2.69 and a 200-day moving average price of $2.82. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.46 and a quick ratio of 1.46. Atento has a 52 week low of $2.10 and a 52 week high of $7.28.

Atento (NYSE:ATTO) last issued its earnings results on Tuesday, July 30th. The business services provider reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.14). The firm had revenue of $441.10 million during the quarter. Atento had a negative net margin of 2.03% and a positive return on equity of 9.19%. As a group, research analysts expect that Atento will post 0.28 earnings per share for the current fiscal year.

A number of analysts recently commented on the company. ValuEngine upgraded Atento from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. TheStreet lowered Atento from a “c” rating to a “d” rating in a research note on Friday, July 19th. Barrington Research restated a “buy” rating and issued a $8.00 target price on shares of Atento in a research note on Thursday, August 1st. Finally, Zacks Investment Research upgraded Atento from a “sell” rating to a “hold” rating in a research note on Monday, October 7th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $5.88.

Several institutional investors and hedge funds have recently modified their holdings of ATTO. Marshall Wace LLP raised its stake in shares of Atento by 28.7% in the first quarter. Marshall Wace LLP now owns 291,004 shares of the business services provider’s stock valued at $1,051,000 after buying an additional 64,951 shares during the period. Balter Liquid Alternatives LLC raised its stake in shares of Atento by 32.8% during the 2nd quarter. Balter Liquid Alternatives LLC now owns 361,674 shares of the business services provider’s stock valued at $901,000 after purchasing an additional 89,274 shares during the period. GSA Capital Partners LLP raised its stake in shares of Atento by 11.8% during the 2nd quarter. GSA Capital Partners LLP now owns 78,000 shares of the business services provider’s stock valued at $194,000 after purchasing an additional 8,216 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Atento by 133.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 17,536 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 10,036 shares during the period. Finally, LPL Financial LLC bought a new stake in shares of Atento during the 2nd quarter valued at $125,000. Hedge funds and other institutional investors own 79.03% of the company’s stock.

About Atento

Atento SA, together with its subsidiaries, provides customer relationship management and business process outsourcing services and solutions in Brazil, the Americas, Europe, the Middle East, and Africa. It offers a range of front and back-end services, including sales, customer care, collections, back office, applications-processing, credit-management, and technical support services.

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