ATN International, Inc. (ATNI) Lowered to “D+” at TheStreet
A number of other equities research analysts also recently commented on ATNI. BidaskClub downgraded ATN International from a buy rating to a hold rating in a research report on Wednesday, July 12th. BWS Financial decreased their target price on ATN International from $64.00 to $57.00 and set a hold rating on the stock in a research report on Monday, July 31st. Zacks Investment Research downgraded ATN International from a hold rating to a sell rating in a research report on Wednesday, August 2nd. ValuEngine upgraded ATN International from a sell rating to a hold rating in a research report on Friday, September 1st. Finally, Sidoti downgraded ATN International from a buy rating to a neutral rating and decreased their target price for the stock from $73.00 to $57.00 in a research report on Tuesday, October 3rd. Five investment analysts have rated the stock with a hold rating, The company presently has a consensus rating of Hold and an average price target of $57.00.
ATN International (NASDAQ:ATNI) last posted its earnings results on Monday, October 30th. The technology company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.18. The company had revenue of $122.13 million for the quarter, compared to the consensus estimate of $123.92 million. ATN International had a positive return on equity of 3.34% and a negative net margin of 1.93%.
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The company also recently announced a quarterly dividend, which was paid on Monday, October 9th. Investors of record on Saturday, September 30th were given a $0.17 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.25%. ATN International’s dividend payout ratio is currently -111.47%.
In other ATN International news, SVP Leonard Q. Slap sold 1,000 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 26,645 shares of the company’s stock, valued at $1,651,990. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 32.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. First Mercantile Trust Co. increased its stake in ATN International by 1.4% during the second quarter. First Mercantile Trust Co. now owns 1,456 shares of the technology company’s stock worth $100,000 after acquiring an additional 20 shares during the last quarter. Nationwide Fund Advisors increased its stake in ATN International by 2.2% during the second quarter. Nationwide Fund Advisors now owns 8,347 shares of the technology company’s stock worth $571,000 after acquiring an additional 180 shares during the last quarter. Strs Ohio increased its stake in ATN International by 5.9% during the second quarter. Strs Ohio now owns 3,600 shares of the technology company’s stock worth $246,000 after acquiring an additional 200 shares during the last quarter. Teachers Advisors LLC increased its stake in ATN International by 2.5% during the first quarter. Teachers Advisors LLC now owns 17,434 shares of the technology company’s stock worth $1,228,000 after acquiring an additional 417 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its stake in ATN International by 51.4% during the second quarter. Municipal Employees Retirement System of Michigan now owns 3,680 shares of the technology company’s stock worth $252,000 after acquiring an additional 1,250 shares during the last quarter. 58.97% of the stock is currently owned by institutional investors.
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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