ATN International, Inc. (NASDAQ:ATNI – Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $25.76 and traded as high as $27.70. ATN International shares last traded at $27.0070, with a volume of 201,390 shares.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on ATNI shares. Weiss Ratings upgraded shares of ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Wall Street Zen lowered 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, the stock has an average rating of “Hold”.
Read Our Latest Analysis on ATNI
ATN International Trading Up 1.1%
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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.30). The company had revenue of $182.22 million for the quarter, compared to analyst estimates of $183.40 million. ATN International had a negative net margin of 1.20% and a positive return on equity of 0.55%. As a group, equities analysts expect that ATN International, Inc. will post 0.74 EPS for the current year.
ATN International Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.29 per share. This is an increase from ATN International’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Tuesday, June 30th. ATN International’s dividend payout ratio (DPR) is currently -111.11%.
Insider Activity
In other news, major shareholder Cornelius B. Prior, Jr. sold 19,100 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $27.96, for a total value of $534,036.00. Following the completion of the sale, the insider directly owned 87,936 shares in the company, valued at $2,458,690.56. This trade represents a 17.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last quarter, insiders have sold 82,064 shares of company stock worth $2,279,021. 5.60% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in ATNI. Strs Ohio acquired a new stake in ATN International in the first quarter valued at approximately $138,000. Segall Bryant & Hamill LLC acquired a new position in shares of ATN International during the fourth quarter worth approximately $448,000. Hillsdale Investment Management Inc. bought a new position in shares of ATN International in the 4th quarter worth $479,000. Ameriprise Financial Inc. lifted 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 worth $583,000 after purchasing an additional 2,397 shares in the last quarter. Finally, Marshall Wace LLP grew its position 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 purchasing an additional 27,714 shares during the period. 65.50% of the stock is owned by institutional investors and hedge funds.
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.
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