Cornelius Prior, Jr. Sells 5,000 Shares of ATN International (NASDAQ:ATNI) Stock

ATN International, Inc. (NASDAQ:ATNIGet Free Report) major shareholder Cornelius Prior, Jr. sold 5,000 shares of ATN International stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $27.25, for a total value of $136,250.00. Following the transaction, the insider owned 188,000 shares in the company, valued at $5,123,000. This trade represents a 2.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

ATN International Trading Down 3.5%

NASDAQ:ATNI opened at $26.66 on Wednesday. The business’s 50-day simple moving average is $27.27 and its 200-day simple moving average is $25.51. ATN International, Inc. has a fifty-two week low of $13.86 and a fifty-two week high of $30.45. The stock has a market capitalization of $410.03 million, a PE ratio of -26.93, a price-to-earnings-growth ratio of 3.73 and a beta of 0.54. 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 (NASDAQ:ATNIGet Free Report) last announced its earnings results on Thursday, May 7th. The technology company reported ($0.18) earnings per share (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 firm had revenue of $182.22 million during the quarter, compared to analyst estimates of $183.40 million. Sell-side analysts expect that ATN International, Inc. will post 0.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on ATNI shares. Wall Street Zen lowered ATN International from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Weiss Ratings raised ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, ATN International presently has an average rating of “Hold”.

Get Our Latest Stock Report on ATNI

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its position in shares of ATN International by 0.9% during the 1st 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. Ameriprise Financial Inc. increased its position in shares of ATN International by 7.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company’s stock worth $583,000 after purchasing an additional 2,397 shares during the last quarter. Gamco Investors INC. ET AL increased its position in shares of ATN International by 9.6% during the 3rd 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. Strs Ohio acquired a new position in shares of ATN International during the 1st quarter worth approximately $138,000. Finally, Segall Bryant & Hamill LLC increased its position in shares of ATN International by 49.3% during the 1st 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. Institutional investors and hedge funds own 65.50% of the company’s stock.

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

ATN International Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for ATN International (NASDAQ:ATNI)

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