ATN International (NASDAQ:ATNI) Major Shareholder Sells $27,080.00 in Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 1,000 shares of the stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $27.08, for a total value of $27,080.00. Following the transaction, the insider owned 86,936 shares in the company, valued at $2,354,226.88. The trade was a 1.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

ATN International Trading Down 0.2%

Shares of ATN International stock opened at $26.44 on Thursday. The firm has a 50-day moving average of $27.15 and a 200-day moving average of $25.90. The stock has a market cap of $406.65 million, a PE ratio of -26.71, a PEG ratio of 3.58 and a beta of 0.55. 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.

ATN International (NASDAQ:ATNI) last released its quarterly earnings results on Thursday, May 7th. The technology company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.30). ATN International had a positive return on equity of 0.55% and a negative net margin of 1.20%.The business had revenue of $182.22 million for the quarter, compared to the consensus estimate of $183.40 million. As a group, sell-side analysts forecast that ATN International, Inc. will post 0.74 EPS for the current year.

ATN International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.29 per share. This is a boost from ATN International’s previous quarterly dividend of $0.28. The ex-dividend date is Tuesday, June 30th. This represents a $1.16 dividend on an annualized basis and a yield of 4.4%. ATN International’s dividend payout ratio is -117.17%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Brown Brothers Harriman & Co. lifted its holdings in shares of ATN International by 5.6% in the third quarter. Brown Brothers Harriman & Co. now owns 662,544 shares of the technology company’s stock worth $9,918,000 after acquiring an additional 35,394 shares during the last quarter. Bank of New York Mellon Corp increased 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 worth $3,338,000 after purchasing an additional 1,132 shares in the last quarter. Gamco Investors INC. ET AL increased its position in ATN International by 9.6% during the 3rd quarter. Gamco Investors INC. ET AL now owns 76,936 shares of the technology company’s stock worth $1,152,000 after purchasing an additional 6,715 shares in the last quarter. Marshall Wace LLP lifted its stake in ATN International by 137.9% in 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 last quarter. Finally, Ameriprise Financial Inc. boosted its position in ATN International by 7.2% in the second quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company’s stock valued at $583,000 after buying an additional 2,397 shares in the last quarter. Institutional investors and hedge funds own 65.50% of the company’s stock.

Analyst Ratings Changes

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

About ATN International

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.