Cornelius Prior Jr Sells 500 Shares of ATN International (NASDAQ:ATNI) Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 500 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $31.25, for a total value of $15,625.00. Following the completion of the sale, the insider owned 47,165 shares of the company’s stock, valued at $1,473,906.25. The trade was a 1.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

ATN International Price Performance

Shares of ATNI stock traded up $0.35 during trading hours on Friday, hitting $31.49. 21,452 shares of the company’s stock were exchanged, compared to its average volume of 74,794. The company has a market capitalization of $484.95 million, a PE ratio of 3.06, a PEG ratio of 4.09 and a beta of 0.56. The company has a current ratio of 1.63, a quick ratio of 1.59 and a debt-to-equity ratio of 0.68. ATN International, Inc. has a 12-month low of $13.86 and a 12-month high of $33.41. The business’s 50 day simple moving average is $26.37 and its 200-day simple moving average is $26.85.

ATN International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.7%. This is an increase from ATN International’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Tuesday, June 30th. ATN International’s payout ratio is 11.28%.

Hedge Funds Weigh In On ATN International

A number of institutional investors have recently bought and sold shares of the stock. Legal & General Group Plc bought a new stake in ATN International during the 2nd quarter valued at approximately $25,000. Bank of New York Mellon Corp boosted its position in shares of ATN International by 0.9% during the first 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 in the last quarter. Ameriprise Financial Inc. grew its stake in ATN International by 7.2% in the second quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company’s stock worth $583,000 after purchasing an additional 2,397 shares during the period. Strs Ohio bought a new position in ATN International in the first quarter worth $138,000. Finally, Meeder Asset Management Inc. purchased a new position in ATN International during the second quarter valued at $217,000. 65.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on ATNI shares. Wall Street Zen upgraded ATN International from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of ATN International in a research report on Friday, August 7th. Finally, Zacks Research upgraded shares of ATN International from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus 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.