Ameriprise Financial Inc. Raises Stake in Atlantic Tele-Network Inc. (ATNI)
Ameriprise Financial Inc. boosted its position in Atlantic Tele-Network Inc. (NASDAQ:ATNI) by 4.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 52,346 shares of the company’s stock after buying an additional 1,990 shares during the period. Ameriprise Financial Inc. owned approximately 0.32% of Atlantic Tele-Network worth $4,074,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of ATNI. Royal Bank of Canada boosted its position in Atlantic Tele-Network by 9.3% in the first quarter. Royal Bank of Canada now owns 2,841 shares of the company’s stock worth $215,000 after buying an additional 241 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in Atlantic Tele-Network by 92.7% in the second quarter. BNP Paribas Arbitrage SA now owns 3,521 shares of the company’s stock worth $274,000 after buying an additional 1,694 shares during the last quarter. Capstone Asset Management Co. boosted its position in Atlantic Tele-Network by 9.6% in the second quarter. Capstone Asset Management Co. now owns 3,897 shares of the company’s stock worth $303,000 after buying an additional 340 shares during the last quarter. Americafirst Capital Management LLC purchased a new position in Atlantic Tele-Network during the second quarter worth about $348,000. Finally, Barclays PLC boosted its position in Atlantic Tele-Network by 22,600.0% in the first quarter. Barclays PLC now owns 6,300 shares of the company’s stock worth $473,000 after buying an additional 6,328 shares during the last quarter. Hedge funds and other institutional investors own 58.00% of the company’s stock.
Shares of Atlantic Tele-Network Inc. (NASDAQ:ATNI) traded down 0.53% during midday trading on Wednesday, reaching $65.37. The company had a trading volume of 2,250 shares. The stock has a 50-day moving average of $66.05 and a 200 day moving average of $71.57. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 76.73 and a beta of 0.86. Atlantic Tele-Network Inc. has a 52 week low of $62.70 and a 52 week high of $83.80.
Atlantic Tele-Network (NASDAQ:ATNI) last posted its quarterly earnings results on Wednesday, July 27th. The company reported ($0.59) EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.67. The business had revenue of $100 million for the quarter, compared to the consensus estimate of $94.67 million. Atlantic Tele-Network had a net margin of 3.73% and a return on equity of 2.16%. On average, analysts anticipate that Atlantic Tele-Network Inc. will post $0.85 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 7th. Shareholders of record on Friday, September 30th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, September 28th. This is a boost from Atlantic Tele-Network’s previous quarterly dividend of $0.32. This represents a $1.36 dividend on an annualized basis and a yield of 2.07%. Atlantic Tele-Network’s dividend payout ratio (DPR) is currently 158.14%.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research upgraded Atlantic Tele-Network from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 29th. Drexel Hamilton assumed coverage on Atlantic Tele-Network in a report on Wednesday, June 22nd. They set a “buy” rating for the company.
In other Atlantic Tele-Network news, VP William F. Kreisher purchased 1,446 shares of the firm’s stock in a transaction on Wednesday, August 10th. The shares were acquired at an average cost of $67.17 per share, with a total value of $97,127.82. Following the completion of the acquisition, the vice president now directly owns 39,572 shares in the company, valued at $2,658,051.24. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 33.60% of the company’s stock.
Atlantic Tele-Network Company Profile
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.
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