ATN International (NASDAQ:ATNI – Get Free Report) posted its quarterly earnings data on Wednesday. The technology company reported ($4.10) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($4.22), Zacks reports. ATN International had a positive return on equity of 0.55% and a negative net margin of 1.20%.
ATN International Stock Down 4.5%
Shares of ATN International stock traded down $1.12 on Wednesday, hitting $24.01. 82,854 shares of the company traded hands, compared to its average volume of 72,302. ATN International has a 12-month low of $13.86 and a 12-month high of $30.45. The company has a quick ratio of 1.16, a current ratio of 1.21 and a debt-to-equity ratio of 1.01. The company has a market cap of $369.27 million, a PE ratio of -24.25, a PEG ratio of 4.11 and a beta of 0.56. The company has a 50-day moving average price of $25.47 and a 200 day moving average price of $26.17.
ATN International Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.29 per share. This is an increase from ATN International’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.8%. ATN International’s dividend payout ratio (DPR) is -117.17%.
Insider Transactions at ATN International
Institutional Investors Weigh In On ATN International
Institutional investors have recently made changes to their positions in the company. Strs Ohio acquired a new position in ATN International in the first quarter worth approximately $138,000. Segall Bryant & Hamill LLC bought a new stake in shares of ATN International during the 4th quarter worth about $448,000. Ameriprise Financial Inc. boosted its position in ATN International by 7.2% during the second 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 period. Marshall Wace LLP boosted its position in ATN International by 137.9% during the second quarter. Marshall Wace LLP now owns 47,804 shares of the technology company’s stock worth $777,000 after purchasing an additional 27,714 shares during the period. Finally, Gamco Investors INC. ET AL grew its holdings in ATN International by 17.1% during the second quarter. Gamco Investors INC. ET AL now owns 70,221 shares of the technology company’s stock valued at $1,141,000 after purchasing an additional 10,253 shares during the last quarter. 65.50% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
ATNI has been the subject of several recent analyst reports. Zacks Research cut ATN International from a “hold” rating to a “strong sell” rating in a research report on Friday, July 10th. Weiss Ratings raised ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, ATN International has an average rating of “Reduce”.
Get Our Latest Report 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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