Atlantic Tele-Network Inc. (NASDAQ:ATNI)’s share price dropped 2.8% on Thursday . The company 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.

ATNI has been the topic of a number of research analyst reports. Drexel Hamilton initiated coverage on Atlantic Tele-Network in a research note on Wednesday, June 22nd. They issued 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 stock has a market cap of $1.31 billion and a PE ratio of 50.18. The company’s 50-day moving average is $77.79 and its 200 day moving average is $75.18.

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

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 11th. Investors of record on Thursday, June 30th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend was Tuesday, June 28th.

In related news, CEO Michael T. Prior sold 531 shares of Atlantic Tele-Network stock in a transaction on Monday, July 11th. The stock was sold at an average price of $80.46, for a total value of $42,724.26. Following the completion of the sale, the chief executive officer now owns 369,778 shares of the company’s stock, valued at $29,752,337.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Justin D. Benincasa sold 5,500 shares of Atlantic Tele-Network stock in a transaction on Wednesday, May 11th. The shares were sold at an average price of $74.41, for a total value of $409,255.00. Following the transaction, the chief financial officer now owns 46,543 shares in the company, valued at $3,463,264.63. The disclosure for this sale can be found here.

A number of institutional investors recently added to or reduced their stakes in ATNI. Dimensional Fund Advisors LP increased its position in Atlantic Tele-Network by 7.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 647,887 shares of the company’s stock valued at $50,685,000 after buying an additional 44,363 shares during the period. WBI Investments Inc. bought a new position in Atlantic Tele-Network during the fourth quarter valued at $2,732,000. Systematic Financial Management LP bought a new position in Atlantic Tele-Network during the fourth quarter valued at $1,769,000. Bank of Montreal Can increased its position in Atlantic Tele-Network by 10.5% in the fourth quarter. Bank of Montreal Can now owns 162,082 shares of the company’s stock valued at $12,680,000 after buying an additional 15,424 shares during the period. 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 valued at $3,617,000 after buying an additional 2,715 shares during the period.

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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