ATN International, Inc. (NASDAQ:ATNI) Sees Significant Decrease in Short Interest

ATN International, Inc. (NASDAQ:ATNI) saw a large decrease in short interest in December. As of December 31st, there was short interest totaling 100,122 shares, a decrease of 19.1% from the December 15th total of 123,834 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average trading volume of 50,697 shares, the days-to-cover ratio is currently 2.0 days. Based on an average trading volume of 50,697 shares, the days-to-cover ratio is currently 2.0 days. Currently, 0.7% of the company’s stock are sold short.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Zacks Research upgraded ATN International from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. Wall Street Zen upgraded ATN International from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Weiss Ratings upgraded shares of ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 12th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.00.

Institutional Trading of ATN International

Several hedge funds and other institutional investors have recently bought and sold shares of ATNI. Strs Ohio acquired a new position in shares of ATN International during the first quarter valued at about $138,000. Ameriprise Financial Inc. grew its position in ATN International by 7.2% during the second quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company’s stock worth $583,000 after buying an additional 2,397 shares in the last quarter. Marshall Wace LLP raised its holdings in ATN International by 137.9% in the 2nd quarter. Marshall Wace LLP now owns 47,804 shares of the technology company’s stock valued at $777,000 after acquiring an additional 27,714 shares in the last quarter. Gamco Investors INC. ET AL raised its holdings in ATN International by 17.1% in the 2nd quarter. Gamco Investors INC. ET AL now owns 70,221 shares of the technology company’s stock valued at $1,141,000 after acquiring an additional 10,253 shares in the last quarter. Finally, Gabelli Funds LLC lifted its position in shares of ATN International by 54.7% in the 2nd quarter. Gabelli Funds LLC now owns 193,407 shares of the technology company’s stock worth $3,143,000 after acquiring an additional 68,407 shares during the period. 65.50% of the stock is currently owned by institutional investors and hedge funds.

ATN International Price Performance

NASDAQ ATNI opened at $21.93 on Wednesday. The stock has a market capitalization of $334.65 million, a PE ratio of -23.58, a P/E/G ratio of 6.26 and a beta of 0.56. The stock has a 50-day simple moving average of $21.63 and a 200 day simple moving average of $18.05. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.21 and a current ratio of 1.26. ATN International has a twelve month low of $13.76 and a twelve month high of $23.75.

ATN International (NASDAQ:ATNI) last issued its quarterly earnings results on Thursday, November 6th. The technology company reported $0.18 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.24. ATN International had a positive return on equity of 0.13% and a negative net margin of 1.11%.The company had revenue of $183.17 million for the quarter, compared to the consensus estimate of $182.40 million. Research analysts anticipate that ATN International will post -0.73 EPS for the current year.

ATN International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Wednesday, December 31st were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 5.0%. The ex-dividend date was Wednesday, December 31st. ATN International’s dividend payout ratio is presently -118.28%.

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.