Atlantic Tele-Network Inc. (NASDAQ:ATNI) hit 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 trading hands. The stock had previously closed at $65.58.

A number of brokerages have commented on ATNI. Drexel Hamilton began coverage on Atlantic Tele-Network in a report on Wednesday, June 22nd. They set a “buy” rating on the stock. Zacks Investment Research cut Atlantic Tele-Network from a “hold” rating to a “sell” rating in a report on Wednesday, August 3rd.

The firm has a market cap of $1.05 billion and a P/E ratio of 76.40. The firm has a 50-day moving average price of $76.12 and a 200 day moving average price of $74.57.

Atlantic Tele-Network (NASDAQ:ATNI) last released its quarterly earnings results on Wednesday, July 27th. The company reported ($0.59) earnings per share for the quarter, missing the Zacks’ 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. On average, equities research analysts expect that Atlantic Tele-Network Inc. will post $0.85 earnings per share for the current year.

In other news, CEO Michael T. Prior sold 2,819 shares of Atlantic Tele-Network stock in a transaction that occurred 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 sale, 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 SEC, which is accessible through this link. Also, VP William F. Kreisher purchased 1,446 shares of the business’s stock in a transaction dated Wednesday, August 10th. The shares were acquired at an average cost of $67.17 per share, for a total transaction of $97,127.82. Following the acquisition, the vice president now owns 39,572 shares of the company’s stock, valued at approximately $2,658,051.24. The disclosure for this purchase can be found here.

Several large investors have added to or reduced their stakes in ATNI. Dimensional Fund Advisors LP boosted its stake 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 boosted 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 worth $3,617,000 after buying an additional 2,715 shares during the period. WBI Investments Inc. acquired a new stake 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 $1,769,000. Finally, Bank of Montreal Can boosted 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 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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