Shares of Atlantic Tele-Network Inc. (NASDAQ:ATNI) hit 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 changing hands. The stock had previously closed at $63.40.

Several brokerages have recently commented on ATNI. Drexel Hamilton began coverage on Atlantic Tele-Network in a report on Wednesday, June 22nd. They set a “buy” rating for the company. Zacks Investment Research lowered Atlantic Tele-Network from a “hold” rating to a “sell” rating in a report on Wednesday, August 3rd.

The firm has a market capitalization of $1.04 billion and a PE ratio of 75.43. The company’s 50 day moving average is $74.63 and its 200 day moving average is $74.21.

Atlantic Tele-Network (NASDAQ:ATNI) last posted its earnings results on Wednesday, July 27th. The company reported ($0.59) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by $0.67. The company had revenue of $100 million for the quarter, compared to analysts’ expectations of $94.67 million. Equities research analysts expect that Atlantic Tele-Network Inc. will post $0.85 earnings per share for the current year.

In related news, VP William F. Kreisher bought 1,446 shares of the company’s stock in a transaction that occurred on Wednesday, August 10th. The stock was purchased at an average price 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 $2,658,051.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael T. Prior sold 2,819 shares of Atlantic Tele-Network stock in a transaction that occurred on Tuesday, July 5th. The shares were sold at an average price of $77.52, for a total transaction of $218,528.88. Following the completion of the sale, the chief executive officer now owns 369,778 shares of the company’s stock, valued at approximately $28,665,190.56. The disclosure for this sale can be found here.

A number of hedge funds recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased 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 valued at $50,685,000 after buying an additional 44,363 shares during the period. Systematic Financial Management LP bought a new stake in Atlantic Tele-Network during the fourth quarter valued at $1,769,000. 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 valued at $12,680,000 after buying an additional 15,424 shares during the period. Finally, Rhumbline Advisers increased its stake in 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 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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