ATN International (NASDAQ:ATNI) Major Shareholder Cornelius Prior, Jr. Sells 10,000 Shares

ATN International, Inc. (NASDAQ:ATNIGet Free Report) major shareholder Cornelius Prior, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $31.34, for a total transaction of $313,400.00. Following the sale, the insider directly owned 37,165 shares of the company’s stock, valued at $1,164,751.10. This trade represents a 21.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

ATN International Stock Down 0.3%

ATNI traded down $0.08 during trading on Wednesday, hitting $30.63. 48,991 shares of the company’s stock traded hands, compared to its average volume of 75,042. The company’s 50 day simple moving average is $26.57 and its two-hundred day simple moving average is $26.96. The company has a current ratio of 1.63, a quick ratio of 1.59 and a debt-to-equity ratio of 0.68. ATN International, Inc. has a 12-month low of $13.86 and a 12-month high of $33.41. The stock has a market capitalization of $471.70 million, a price-to-earnings ratio of 2.98, a PEG ratio of 3.97 and a beta of 0.56.

ATN International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Tuesday, June 30th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.8%. The ex-dividend date was Tuesday, June 30th. This is a positive change from ATN International’s previous quarterly dividend of $0.28. ATN International’s dividend payout ratio is 11.28%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ATNI. Wall Street Zen raised shares of ATN International from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings raised shares of ATN International from a “hold (c-)” rating to a “hold (c+)” rating in a report on Friday. Finally, Zacks Research upgraded shares of ATN International from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

Read Our Latest Stock Analysis on ATN International

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Legal & General Group Plc purchased a new position in ATN International in the second quarter worth about $25,000. California State Teachers Retirement System increased its position in shares of ATN International by 590.7% during the 2nd quarter. California State Teachers Retirement System now owns 3,709 shares of the technology company’s stock valued at $98,000 after purchasing an additional 3,172 shares during the last quarter. Strs Ohio bought a new position in shares of ATN International in the 1st quarter worth approximately $138,000. Meeder Asset Management Inc. purchased a new position in shares of ATN International in the second quarter worth approximately $217,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of ATN International in the second quarter worth approximately $220,000. Institutional investors own 65.50% of the company’s stock.

About ATN International

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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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