ATN International, Inc. (NASDAQ:ATNI – Get Free Report) major shareholder Cornelius Prior, Jr. sold 12,610 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $28.29, for a total value of $356,736.90. Following the completion of the transaction, the insider owned 115,036 shares in the company, valued at approximately $3,254,368.44. This trade represents a 9.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
ATN International Stock Performance
Shares of ATNI stock traded down $0.74 on Monday, reaching $27.63. The stock had a trading volume of 90,027 shares, compared to its average volume of 62,900. The stock has a market cap of $424.95 million, a P/E ratio of -27.91, a price-to-earnings-growth ratio of 3.83 and a beta of 0.54. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.16 and a current ratio of 1.21. The company has a 50 day simple moving average of $27.29 and a 200 day simple moving average of $25.47. ATN International, Inc. has a 1 year low of $13.86 and a 1 year high of $30.45.
ATN International (NASDAQ:ATNI – Get Free Report) last released its earnings results on Thursday, May 7th. The technology company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.30). The company had revenue of $182.22 million for the quarter, compared to analysts’ expectations of $183.40 million. ATN International had a negative net margin of 1.20% and a positive return on equity of 0.55%. Equities research analysts expect that ATN International, Inc. will post 0.74 EPS for the current year.
ATN International Dividend Announcement
Institutional Investors Weigh In On ATN International
Several large investors have recently made changes to their positions in the company. Segall Bryant & Hamill LLC increased its holdings in shares of ATN International by 49.3% in the first quarter. Segall Bryant & Hamill LLC now owns 29,341 shares of the technology company’s stock worth $799,000 after purchasing an additional 9,684 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of ATN International by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 122,634 shares of the technology company’s stock worth $3,338,000 after purchasing an additional 1,132 shares during the last quarter. Hillsdale Investment Management Inc. bought a new stake in shares of ATN International in the fourth quarter worth about $479,000. Brown Brothers Harriman & Co. increased its holdings in shares of ATN International by 5.6% in the third quarter. Brown Brothers Harriman & Co. now owns 662,544 shares of the technology company’s stock worth $9,918,000 after purchasing an additional 35,394 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its holdings in shares of ATN International by 9.6% in the third quarter. Gamco Investors INC. ET AL now owns 76,936 shares of the technology company’s stock worth $1,152,000 after purchasing an additional 6,715 shares during the last quarter. 65.50% of the stock is owned by institutional investors.
Trending Headlines about ATN International
Here are the key news stories impacting ATN International this week:
- Negative Sentiment: Cornelius B. Prior, Jr. sold 19,100 shares at an average price of $27.96, reducing his stake by 17.84%. SEC filing
- Negative Sentiment: Additional insider sales followed in multiple smaller transactions in June and May, including sales of 2,000, 6,000, 12,610, 17,500, and other shares, suggesting a sustained pattern of reducing ownership. SEC filing
- Neutral Sentiment: The sales were executed at prices mostly in the $26.25 to $28.30 range, near where the stock has recently been trading, so the transactions may also reflect portfolio rebalancing or profit-taking rather than a fundamental shift. SEC filing
Wall Street Analyst Weigh In
ATNI has been the topic of several analyst reports. Weiss Ratings upgraded ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Wall Street Zen downgraded ATN International from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, ATN International presently has a consensus rating of “Hold”.
View Our Latest Analysis on ATNI
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.
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