ATN International, Inc. (NASDAQ:ATNI – Get Free Report) major shareholder Cornelius Prior, Jr. sold 6,000 shares of ATN International stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $28.30, for a total value of $169,800.00. Following the sale, the insider directly owned 109,036 shares of the company’s stock, valued at approximately $3,085,718.80. The trade was a 5.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large 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
NASDAQ:ATNI opened at $26.66 on Wednesday. The stock has a market cap of $410.03 million, a P/E ratio of -26.93, a PEG ratio of 3.73 and a beta of 0.54. The stock has a 50 day simple moving average of $27.27 and a 200 day simple moving average of $25.51. The company has a current ratio of 1.21, a quick ratio of 1.16 and a debt-to-equity ratio of 1.01. 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 quarterly 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 firm had revenue of $182.22 million for the quarter, compared to analyst estimates of $183.40 million. ATN International had a positive return on equity of 0.55% and a negative net margin of 1.20%. Research analysts anticipate that ATN International, Inc. will post 0.74 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on ATN International
Hedge Funds Weigh In On ATN International
Hedge funds have recently added to or reduced their stakes in the stock. Strs Ohio bought a new position in ATN International during the 1st quarter worth $138,000. Segall Bryant & Hamill LLC acquired a new stake in shares of ATN International in the 4th quarter valued at $448,000. Hillsdale Investment Management Inc. acquired a new stake in shares of ATN International in the 4th quarter valued at $479,000. Ameriprise Financial Inc. boosted its holdings in shares of ATN International by 7.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company’s stock valued at $583,000 after purchasing an additional 2,397 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in shares of 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 purchasing an additional 27,714 shares in the last quarter. Institutional investors 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
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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