Atlantic Tele-Network Inc. (NASDAQ:ATNI) reached a new 52-week low during trading on Wednesday . The stock traded as low as $62.70 and last traded at $63.49, with a volume of 37,523 shares traded. The stock had previously closed at $63.40.

Several equities research analysts have recently commented on ATNI shares. Zacks Investment Research raised shares of Atlantic Tele-Network from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 29th. Drexel Hamilton started coverage on shares of Atlantic Tele-Network in a research report on Wednesday, June 22nd. They issued a “buy” rating for the company.

The stock has a 50-day moving average of $75.34 and a 200 day moving average of $74.36. The firm has a market capitalization of $1.03 billion and a P/E ratio of 74.52.

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 firm had revenue of $100 million for the quarter, compared to analysts’ expectations of $94.67 million. Equities research analysts anticipate that Atlantic Tele-Network Inc. will post $0.85 earnings per share for the current year.

In related news, CEO Michael T. Prior sold 2,819 shares of the business’s stock in a transaction on Tuesday, July 5th. The shares were sold at an average price of $77.52, for a total value of $218,528.88. Following the sale, the chief executive officer now owns 369,778 shares in the company, valued at $28,665,190.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael T. Prior sold 1,650 shares of the business’s stock in a transaction on Friday, July 8th. The stock was sold at an average price of $80.07, for a total transaction of $132,115.50. Following the completion of the sale, the chief executive officer now owns 369,778 shares in the company, valued at approximately $29,608,124.46. The disclosure for this sale can be found here.

A number of large investors have made changes to their positions in ATNI. Systematic Financial Management LP acquired a new stake in shares of Atlantic Tele-Network during the fourth quarter valued at $1,769,000. Rhumbline Advisers boosted its stake in shares of 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 in the last quarter. 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 in the last quarter. Finally, Dimensional Fund Advisors LP boosted 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 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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