Metropolitan Life Insurance Co. NY Has $500,000 Stake in ATN International, Inc. (ATNI)
Metropolitan Life Insurance Co. NY maintained its position in ATN International, Inc. (NASDAQ:ATNI) during the first quarter, Holdings Channel reports. The institutional investor owned 7,102 shares of the technology company’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY’s holdings in ATN International were worth $500,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of ATNI. Dean Capital Management acquired a new stake in ATN International during the first quarter valued at $2,053,000. Thrivent Financial For Lutherans increased its stake in ATN International by 1.0% in the first quarter. Thrivent Financial For Lutherans now owns 31,430 shares of the technology company’s stock valued at $2,213,000 after buying an additional 320 shares during the period. Teachers Advisors LLC increased its stake in ATN International by 2.5% in the first quarter. Teachers Advisors LLC now owns 17,434 shares of the technology company’s stock valued at $1,228,000 after buying an additional 417 shares during the period. OppenheimerFunds Inc. increased its stake in ATN International by 50.6% in the first quarter. OppenheimerFunds Inc. now owns 5,014 shares of the technology company’s stock valued at $353,000 after buying an additional 1,684 shares during the period. Finally, Jupiter Asset Management Ltd. increased its stake in ATN International by 0.4% in the first quarter. Jupiter Asset Management Ltd. now owns 84,392 shares of the technology company’s stock valued at $5,943,000 after buying an additional 372 shares during the period. 58.81% of the stock is owned by institutional investors.
ATN International, Inc. (NASDAQ:ATNI) traded down 0.67% during mid-day trading on Friday, hitting $59.49. The stock had a trading volume of 46,580 shares. The firm’s 50-day moving average price is $64.54 and its 200 day moving average price is $69.26. The company has a market cap of $963.38 million, a PE ratio of 44.40 and a beta of 0.70. ATN International, Inc. has a one year low of $57.78 and a one year high of $87.82.
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Several research firms have recently weighed in on ATNI. Zacks Investment Research upgraded ATN International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 25th. BidaskClub upgraded ATN International from a “hold” rating to a “buy” rating in a research report on Friday, June 9th. Sidoti began coverage on ATN International in a research report on Friday, June 2nd. They set a “buy” rating for the company. TheStreet downgraded ATN International from a “b-” rating to a “c+” rating in a research report on Wednesday, May 17th. Finally, BWS Financial decreased their target price on ATN International from $64.00 to $57.00 and set a “hold” rating for the company in a research report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. ATN International presently has an average rating of “Hold” and a consensus price target of $67.00.
In other news, SVP Leonard Q. Slap sold 1,000 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $62.00, for a total transaction of $62,000.00. Following the completion of the transaction, the senior vice president now directly owns 26,645 shares in the company, valued at approximately $1,651,990. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 32.70% of the company’s stock.
ATN International Company Profile
ATN International, Inc (ATN), formerly Atlantic Tele-Network, Inc, is a holding company. The Company’s segments include U.S. Telecom, International Telecom and Renewable Energy. In the United States, it provides wholesale wireless voice and data roaming services in rural markets to national, regional, local and selected international wireless carriers.
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