Atlantic Tele-Network Inc. (NASDAQ:ATNI)’s share price traded up 3.2% on Monday . The stock traded as high as $67.79 and last traded at $67.56, with a volume of 91,814 shares trading hands. The stock had previously closed at $65.47.

Several equities analysts have recently weighed in on the company. Drexel Hamilton assumed 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 company’s 50 day moving average is $66.05 and its 200-day moving average is $72.67. The stock has a market cap of $1.09 billion, a PE ratio of 79.30 and a beta of 0.81.

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 analysts’ consensus estimates of $0.08 by $0.67. Atlantic Tele-Network had a return on equity of 2.16% and a net margin of 3.73%. The firm earned $100 million during the quarter, compared to analyst estimates of $94.67 million. On average, equities analysts expect that Atlantic Tele-Network Inc. will post $0.85 earnings per share for the current fiscal year.

In other news, VP William F. Kreisher bought 1,446 shares of the stock in a transaction on Wednesday, August 10th. The stock was acquired at an average price of $67.17 per share, with a total value of $97,127.82. Following the acquisition, the vice president now directly owns 39,572 shares in the company, valued at $2,658,051.24. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael T. Prior sold 531 shares of the company’s stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $80.46, for a total value of $42,724.26. Following the completion of the transaction, the chief executive officer now directly owns 369,778 shares of the company’s stock, valued at approximately $29,752,337.88. The disclosure for this sale can be found here. 33.60% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC boosted its position in shares of Atlantic Tele-Network by 17.1% in the first quarter. Renaissance Technologies LLC now owns 355,295 shares of the company’s stock worth $26,942,000 after buying an additional 51,895 shares during the last quarter. Macquarie Group Ltd. boosted its stake in shares of Atlantic Tele-Network by 27.7% in the second quarter. Macquarie Group Ltd. now owns 247,433 shares of the company’s stock valued at $19,253,000 after buying an additional 53,697 shares during the last quarter. Norges Bank bought a new stake in shares of Atlantic Tele-Network during the fourth quarter valued at $9,919,000. Global Alpha Capital Management Ltd. boosted its stake in shares of Atlantic Tele-Network by 1.9% in the first quarter. Global Alpha Capital Management Ltd. now owns 60,984 shares of the company’s stock valued at $4,624,000 after buying an additional 1,150 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Atlantic Tele-Network by 4.0% in the second quarter. Ameriprise Financial Inc. now owns 52,346 shares of the company’s stock valued at $4,074,000 after buying an additional 1,990 shares during the last quarter. 58.02% of the stock is owned by institutional investors and hedge funds.

About Atlantic Tele-Network

ATN International, Inc, formerly Atlantic Tele-Network, Inc, 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.

5 Day Chart for NASDAQ:ATNI

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