Shares of Atlantic Tele-Network Inc. (NASDAQ:ATNI) traded down 2.8% during trading on Thursday . The stock traded as low as $78.02 and last traded at $78.43, with a volume of 86,146 shares. The stock had previously closed at $80.66.

Several research firms have recently issued reports on ATNI. Zacks Investment Research raised Atlantic Tele-Network from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 29th. Drexel Hamilton began coverage on Atlantic Tele-Network in a report on Wednesday, June 22nd. They issued a “buy” rating for the company.

The firm has a market capitalization of $1.27 billion and a P/E ratio of 48.43. The stock’s 50-day moving average is $77.55 and its 200-day moving average is $75.13.

Atlantic Tele-Network (NASDAQ:ATNI) last issued its earnings results on Wednesday, April 27th. The company reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by $0.11. The business had revenue of $89.70 million for the quarter, compared to analyst estimates of $84.19 million. On average, equities research analysts anticipate that Atlantic Tele-Network Inc. will post $1.36 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, July 11th. Shareholders of record on Thursday, June 30th were paid a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, June 28th. This represents a $1.28 dividend on an annualized basis and a yield of 1.63%.

In other Atlantic Tele-Network news, CEO Michael T. Prior sold 531 shares of the company’s stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $80.46, for a total value of $42,724.26. Following the transaction, the chief executive officer now directly owns 369,778 shares in the company, valued at approximately $29,752,337.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael T. Prior sold 2,400 shares of the company’s stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $72.29, for a total transaction of $173,496.00. Following the completion of the transaction, the chief executive officer now owns 371,497 shares in the company, valued at $26,855,518.13. The disclosure for this sale can be found here.

Several institutional investors have added to or reduced their stakes in the stock. Systematic Financial Management LP acquired a new position in Atlantic Tele-Network during the fourth quarter worth about $1,769,000. Rhumbline Advisers increased its position in 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 in the last quarter. California Public Employees Retirement System increased its position in 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 in the last quarter. WBI Investments Inc. acquired a new position in Atlantic Tele-Network during the fourth quarter worth about $2,732,000. Finally, Dean Investment Associates LLC increased its position in Atlantic Tele-Network by 6.2% in the fourth quarter. Dean Investment Associates LLC now owns 46,235 shares of the company’s stock worth $3,617,000 after buying an additional 2,715 shares in the last quarter.

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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