ATN International, Inc. (NASDAQ:ATNI – Get Free Report) major shareholder Cornelius Prior, Jr. sold 1,000 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $26.25, for a total value of $26,250.00. Following the sale, the insider owned 193,000 shares in the company, valued at approximately $5,066,250. This trade represents a 0.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
ATN International Price Performance
Shares of NASDAQ ATNI opened at $26.66 on Wednesday. The stock’s 50-day moving average is $27.27 and its two-hundred day moving average is $25.51. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.21 and a quick ratio of 1.16. ATN International, Inc. has a 1-year low of $13.86 and a 1-year high of $30.45. The company has a market cap of $410.03 million, a price-to-earnings ratio of -26.93, a price-to-earnings-growth ratio of 3.73 and a beta of 0.54.
ATN International (NASDAQ:ATNI – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The technology company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.30). ATN International had a negative net margin of 1.20% and a positive return on equity of 0.55%. The business had revenue of $182.22 million during the quarter, compared to analysts’ expectations of $183.40 million. Analysts forecast that ATN International, Inc. will post 0.74 EPS for the current fiscal year.
Institutional Inflows and Outflows
Key ATN International News
Here are the key news stories impacting ATN International this week:
- Negative Sentiment: Cornelius B. Prior, Jr. has sold shares in multiple recent transactions, including a 19,100-share sale and other smaller sales, reducing his ownership meaningfully. SEC filing
- Negative Sentiment: The selling pattern has been consistent across several dates in May and June, which may reinforce concerns that a large insider sees better value elsewhere or is trimming exposure. SEC filing
- Neutral Sentiment: The sale prices were clustered near the stock’s recent trading range, so the activity could also reflect portfolio rebalancing or routine liquidity management rather than a change in fundamentals. SEC filing
Analysts Set New Price Targets
A number of research firms recently issued reports on ATNI. Wall Street Zen downgraded ATN International from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Weiss Ratings upgraded ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.
Get Our Latest Stock Analysis on ATN International
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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