Atlantic Tele-Network Inc. (NASDAQ:ATNI)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $64.77 and last traded at $65.15, with a volume of 39,373 shares traded. The stock had previously closed at $65.58.

ATNI has been the subject of several research analyst reports. Zacks Investment Research lowered Atlantic Tele-Network from a “hold” rating to a “sell” rating in a research note on Wednesday, August 3rd. Drexel Hamilton initiated coverage on Atlantic Tele-Network in a research note on Wednesday, June 22nd. They set a “buy” rating for the company.

The stock’s 50 day moving average is $76.85 and its 200-day moving average is $74.71. The firm has a market capitalization of $1.05 billion and a P/E ratio of 76.33.

Atlantic Tele-Network (NASDAQ:ATNI) last released its quarterly earnings data 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 company earned $100 million during the quarter, compared to analyst estimates of $94.67 million. On average, equities research analysts expect that Atlantic Tele-Network Inc. will post $0.85 EPS for the current fiscal year.

In other Atlantic Tele-Network news, CEO Michael T. Prior sold 2,400 shares of the business’s stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $72.29, for a total transaction of $173,496.00. Following the completion of the sale, the chief executive officer now directly owns 371,497 shares in the company, valued at approximately $26,855,518.13. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP William F. Kreisher bought 1,446 shares of the firm’s stock in a transaction on Wednesday, August 10th. The shares were bought at an average price of $67.17 per share, with a total value of $97,127.82. Following the completion of the purchase, the vice president now owns 39,572 shares in the company, valued at approximately $2,658,051.24. The disclosure for this purchase can be found here.

A number of large investors recently made changes to their positions in ATNI. 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 worth $50,685,000 after buying an additional 44,363 shares in the last quarter. 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 worth $3,617,000 after buying an additional 2,715 shares in the last quarter. WBI Investments Inc. bought a new stake in shares of Atlantic Tele-Network during the fourth quarter worth $2,732,000. Systematic Financial Management LP bought a new stake in shares of Atlantic Tele-Network during the fourth quarter worth $1,769,000. Finally, 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 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.

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