ATN International (NASDAQ:ATNI) Major Shareholder Sells $79,797.84 in Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 2,854 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $27.96, for a total transaction of $79,797.84. Following the completion of the sale, the insider owned 177,646 shares in the company, valued at $4,966,982.16. This represents a 1.58% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

ATN International Stock Down 3.8%

Shares of NASDAQ:ATNI opened at $25.66 on Thursday. ATN International, Inc. has a 52 week low of $13.86 and a 52 week high of $30.45. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.16 and a current ratio of 1.21. The company’s fifty day moving average is $27.24 and its 200-day moving average is $25.54. The company has a market capitalization of $394.65 million, a PE ratio of -25.92, a P/E/G ratio of 3.60 and a beta of 0.54.

ATN International (NASDAQ:ATNI) last issued its earnings results on Thursday, May 7th. The technology company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.30). ATN International had a negative net margin of 1.20% and a positive return on equity of 0.55%. The firm had revenue of $182.22 million during the quarter, compared to analyst estimates of $183.40 million. Equities research analysts predict that ATN International, Inc. will post 0.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Hillsdale Investment Management Inc. acquired a new position in ATN International during the 4th quarter valued at about $479,000. Bank of New York Mellon Corp lifted its position in ATN International by 0.9% during the 1st quarter. Bank of New York Mellon Corp now owns 122,634 shares of the technology company’s stock valued at $3,338,000 after purchasing an additional 1,132 shares during the period. Segall Bryant & Hamill LLC lifted its position in ATN International by 49.3% during the 1st quarter. Segall Bryant & Hamill LLC now owns 29,341 shares of the technology company’s stock valued at $799,000 after purchasing an additional 9,684 shares during the period. Marshall Wace LLP lifted its position in ATN International by 137.9% during the 2nd quarter. Marshall Wace LLP now owns 47,804 shares of the technology company’s stock valued at $777,000 after purchasing an additional 27,714 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its position in ATN International by 5.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 662,544 shares of the technology company’s stock valued at $9,918,000 after purchasing an additional 35,394 shares during the period. 65.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ATNI has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of ATN International from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Weiss Ratings raised ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

ATN International Company Profile

ATN International, Inc (NASDAQ: ATNI) is a diversified provider of telecommunications services that operates through a combination of wireless, wireline and broadband networks. Headquartered in Beverly, Massachusetts, the company offers a range of voice and data solutions to residential, commercial and wholesale customers. Its core offerings include long-distance voice services, fixed-line telephony, broadband internet access and network infrastructure solutions.

Through its business segments, ATN delivers tailored communications products to underserved markets across the Caribbean, Latin America, parts of the Pacific and select rural regions of the United States.