Atlantic Tele-Network Inc. (NASDAQ:ATNI) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $68.91 and last traded at $68.91, with a volume of 36,509 shares traded. The stock had previously closed at $70.38.

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

The stock has a 50 day moving average price of $77.62 and a 200 day moving average price of $74.91. The company has a market capitalization of $1.10 billion and a PE ratio of 80.33.

Atlantic Tele-Network (NASDAQ:ATNI) last issued its earnings results on Wednesday, July 27th. The company reported ($0.59) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by $0.67. The firm earned $100 million during the quarter, compared to the consensus estimate of $94.67 million. Equities analysts forecast that Atlantic Tele-Network Inc. will post $0.85 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 11th. Stockholders of record on Thursday, June 30th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Tuesday, June 28th. This represents a $1.28 annualized dividend and a dividend yield of 1.87%.

In other news, CFO Justin D. Benincasa sold 5,500 shares of Atlantic Tele-Network stock in a transaction that occurred on Wednesday, May 11th. The stock was sold at an average price of $74.41, for a total transaction of $409,255.00. Following the completion of the transaction, the chief financial officer now directly owns 46,543 shares in the company, valued at approximately $3,463,264.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael T. Prior sold 2,400 shares of Atlantic Tele-Network stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $72.29, for a total value of $173,496.00. Following the transaction, the chief executive officer now owns 371,497 shares of the company’s stock, valued at $26,855,518.13. The disclosure for this sale can be found here.

A number of hedge funds have recently added to or reduced their stakes in ATNI. Systematic Financial Management LP purchased a new stake in Atlantic Tele-Network during the fourth quarter valued at about $1,769,000. Rhumbline Advisers increased its stake 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 period. California Public Employees Retirement System increased its stake 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 period. WBI Investments Inc. purchased a new stake in Atlantic Tele-Network during the fourth quarter valued at about $2,732,000. Finally, Dean Investment Associates LLC increased its stake 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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