ATN International (NASDAQ:ATNI) Major Shareholder Cornelius Prior, Jr. Sells 5,367 Shares of Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 5,367 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $31.32, for a total value of $168,094.44. Following the completion of the transaction, the insider directly owned 20,174 shares in the company, valued at approximately $631,849.68. This represents a 21.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

ATN International Trading Down 1.5%

NASDAQ ATNI opened at $28.73 on Friday. The stock’s 50-day simple moving average is $28.20 and its two-hundred day simple moving average is $27.28. ATN International, Inc. has a twelve month low of $13.86 and a twelve month high of $33.41. The company has a quick ratio of 1.59, a current ratio of 1.63 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $442.44 million, a price-to-earnings ratio of 2.79, a PEG ratio of 3.74 and a beta of 0.59.

Institutional Investors Weigh In On ATN International

Large investors have recently added to or reduced their stakes in the company. Empowered Funds LLC purchased a new position in shares of ATN International in the second quarter valued at about $2,481,000. Bank of America Corp DE purchased a new stake in shares of ATN International during the second quarter worth about $678,000. Hsbc Holdings PLC bought a new stake in shares of ATN International in the second quarter worth about $339,000. Canada Pension Plan Investment Board purchased a new position in ATN International during the 2nd quarter valued at about $220,000. Finally, Legal & General Group Plc purchased a new position in ATN International during the 2nd quarter valued at about $25,000. Institutional investors own 65.50% of the company’s stock.

Wall Street Analyst Weigh In

ATNI has been the subject of a number of recent research reports. Weiss Ratings upgraded ATN International from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. Zacks Research upgraded shares of ATN International from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. Finally, Wall Street Zen raised shares of ATN International from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 12th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

About ATN International

ATN International, Inc is a telecommunications company that provides wireless and wireline communications services in rural and underserved markets. Its offerings include mobile and fixed wireless connectivity, broadband internet, voice services, fiber and enterprise connectivity, managed information technology services, wholesale telecommunications, and related infrastructure services.

The company serves customers in selected markets across the United States and the Caribbean. Its operations have included telecommunications networks and broadband services in Alaska and other rural U.S.