Shares of Atlantic Tele-Network Inc. (NASDAQ:ATNI) reached a new 52-week low 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 topic of a number of recent research reports. Zacks Investment Research downgraded Atlantic Tele-Network from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 4th. Drexel Hamilton initiated coverage on Atlantic Tele-Network in a research report on Wednesday, June 22nd. They set a “buy” rating on the stock.

The stock has a 50-day moving average price of $77.62 and a 200-day moving average price of $74.91. The stock has a market cap of $1.10 billion and a price-to-earnings ratio of 80.33.

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

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

In other Atlantic Tele-Network news, CEO Michael T. Prior sold 2,819 shares of the business’s stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $77.52, for a total transaction of $218,528.88. Following the transaction, the chief executive officer now owns 369,778 shares of the company’s stock, valued at $28,665,190.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Justin D. Benincasa sold 5,500 shares of the business’s stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $74.41, for a total value of $409,255.00. Following the transaction, the chief financial officer now directly owns 46,543 shares in the company, valued at approximately $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 raised 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 worth $50,685,000 after buying an additional 44,363 shares during the period. 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 worth $3,617,000 after buying an additional 2,715 shares during the period. WBI Investments Inc. bought a new position in Atlantic Tele-Network during the fourth quarter worth $2,732,000. Systematic Financial Management LP acquired a new stake in Atlantic Tele-Network during the fourth quarter worth approximately $1,769,000. Finally, Bank of Montreal Can increased its stake 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 worth $12,680,000 after buying an additional 15,424 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.