Atlantic Tele-Network Inc. (NASDAQ:ATNI) rose 3% during mid-day trading on Tuesday . The company traded as high as $81.23 and last traded at $80.87, with a volume of 62,654 shares. The stock had previously closed at $78.48.

ATNI has been the topic of a number of analyst reports. Drexel Hamilton initiated coverage on Atlantic Tele-Network in a research note on Wednesday, June 22nd. They set a “buy” rating on the stock. Zacks Investment Research upgraded Atlantic Tele-Network from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 29th.

The company has a market cap of $1.29 billion and a P/E ratio of 49.24. The stock has a 50 day moving average price of $75.00 and a 200 day moving average price of $74.86.

Atlantic Tele-Network (NASDAQ:ATNI) last released its earnings results on Wednesday, April 27th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.49 by $0.11. The company earned $89.70 million during the quarter, compared to analyst estimates of $84.19 million. On average, equities analysts forecast that Atlantic Tele-Network Inc. will post $1.36 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 11th. Investors of record on Thursday, June 30th will be paid a dividend of $0.32 per share. The ex-dividend date is Tuesday, June 28th. This represents a $1.28 annualized dividend and a yield of 1.60%.

In other Atlantic Tele-Network news, CEO Michael T. Prior sold 2,819 shares of the firm’s stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $77.52, for a total value of $218,528.88. Following the completion of the sale, the chief executive officer now owns 369,778 shares of the company’s stock, valued at $28,665,190.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael T. Prior sold 5,950 shares of the firm’s stock in a transaction that occurred on Tuesday, April 19th. The shares were sold at an average price of $72.02, for a total value of $428,519.00. Following the completion of the sale, the chief executive officer now directly owns 371,997 shares of the company’s stock, valued at approximately $26,791,223.94. The disclosure for this sale can be found here.

A number of large investors have recently made changes to their positions in the stock. Rhumbline Advisers boosted its stake in shares of Atlantic Tele-Network by 2.3% in the fourth quarter. Rhumbline Advisers now owns 22,918 shares of the company’s stock worth $1,793,000 after buying an additional 505 shares during the period. California Public Employees Retirement System boosted its stake in shares of Atlantic Tele-Network by 1.7% in the fourth quarter. California Public Employees Retirement System now owns 30,500 shares of the company’s stock worth $2,386,000 after buying an additional 500 shares during the period. Brown Advisory Inc. boosted its stake in shares of Atlantic Tele-Network by 3.7% in the fourth quarter. Brown Advisory Inc. now owns 510,349 shares of the company’s stock worth $39,925,000 after buying an additional 17,996 shares during the period. Bank of Montreal Can boosted its stake in shares of Atlantic Tele-Network by 10.5% in the fourth quarter. Bank of Montreal Can now owns 162,082 shares of the company’s stock worth $12,680,000 after buying an additional 15,424 shares during the period. Finally, Systematic Financial Management LP purchased a new stake in shares of Atlantic Tele-Network during the fourth quarter worth approximately $1,769,000.

Atlantic Tele-Network, Inc (ATN) is a holding company. The Company, through its subsidiaries, provides wireless and wireline telecommunications services in North America, Bermuda and the Caribbean; owns and operates commercial distributed generation solar power systems in the United States, and owns and operates terrestrial and submarine fiber optic transport systems in the United States and the Caribbean, respectively.

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