Atlantic Tele-Network Inc. (ATNI) Trading Down 2.1%
Atlantic Tele-Network Inc. (NASDAQ:ATNI) shares fell 2.1% during trading on Monday . The stock traded as low as $66.57 and last traded at $67.01, with a volume of 60,035 shares. The stock had previously closed at $68.44.
Several research firms recently commented on ATNI. Drexel Hamilton began coverage on shares of Atlantic Tele-Network in a report on Wednesday, June 22nd. They issued a “buy” rating for the company. Zacks Investment Research raised shares of Atlantic Tele-Network from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 29th.
The firm has a market capitalization of $1.09 billion and a P/E ratio of 78.99. The company has a 50-day moving average of $77.42 and a 200-day moving average of $74.85.
Atlantic Tele-Network (NASDAQ:ATNI) last issued its earnings results on Wednesday, July 27th. The company reported ($0.59) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by $0.67. The business had revenue of $100 million for the quarter, compared to analyst estimates of $94.67 million. On average, analysts predict that Atlantic Tele-Network Inc. will post $0.85 earnings per share for the current year.
The business also recently disclosed 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. The ex-dividend date was Tuesday, June 28th. This represents a $1.28 annualized dividend and a dividend yield of 1.90%.
In other news, CFO Justin D. Benincasa sold 5,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 11th. The shares were 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 of the company’s stock, valued at $3,463,264.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael T. Prior sold 531 shares of the business’s stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $80.46, for a total transaction of $42,724.26. Following the transaction, the chief executive officer now directly owns 369,778 shares of the company’s stock, valued at $29,752,337.88. The disclosure for this sale can be found here.
Other hedge funds have made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of 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. Bank of Montreal Can raised its stake in shares of 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. Dean Investment Associates LLC raised its stake in shares of 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. WBI Investments Inc. acquired a new stake in shares of Atlantic Tele-Network during the fourth quarter valued at about $2,732,000. Finally, California Public Employees Retirement System raised its stake in shares of 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.
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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