Atlantic Tele-Network Inc. (NASDAQ:ATNI)’s share price rose 3.7% during mid-day trading on Friday . The stock traded as high as $83.00 and last traded at $81.60, with a volume of 108,098 shares trading hands. The stock had previously closed at $78.70.

A number of equities research analysts have recently weighed in on ATNI shares. Zacks Investment Research upgraded Atlantic Tele-Network from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 26th. Drexel Hamilton started coverage on Atlantic Tele-Network in a research note on Wednesday, June 22nd. They set a “buy” rating on the stock.

The firm has a 50 day moving average price of $77.55 and a 200 day moving average price of $75.13. The firm has a market cap of $1.31 billion and a price-to-earnings ratio of 50.18.

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

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

In related news, CFO Justin D. Benincasa sold 5,500 shares of the stock in a transaction dated Wednesday, May 11th. The stock was sold at an average price of $74.41, for a total transaction of $409,255.00. Following the transaction, the chief financial officer now owns 46,543 shares of the company’s stock, valued at approximately $3,463,264.63. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Michael T. Prior sold 531 shares of the stock in a transaction dated Monday, July 11th. The stock was 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 disclosure for this sale can be found here.

Other institutional investors have recently bought and sold shares of the company. Systematic Financial Management LP purchased a new position in Atlantic Tele-Network during the fourth quarter valued at about $1,769,000. Rhumbline Advisers raised 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 valued at $1,793,000 after buying an additional 505 shares during the last quarter. California Public Employees Retirement System raised 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 valued at $2,386,000 after buying an additional 500 shares during the last quarter. WBI Investments Inc. purchased a new position in Atlantic Tele-Network during the fourth quarter valued at about $2,732,000. Finally, Dean Investment Associates LLC raised 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 valued at $3,617,000 after buying an additional 2,715 shares during 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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