Insider Selling: ATN International (NASDAQ:ATNI) Major Shareholder Sells $492,975.00 in Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 17,500 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $28.17, for a total value of $492,975.00. Following the transaction, the insider directly owned 160,146 shares of the company’s stock, valued at $4,511,312.82. This trade represents a 9.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

ATN International Trading Down 3.8%

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

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

Institutional Investors Weigh In On ATN International

A number of hedge funds and other institutional investors have recently bought and sold shares of ATNI. Strs Ohio bought a new stake in shares of ATN International in the 1st quarter valued at about $138,000. Segall Bryant & Hamill LLC bought a new stake in shares of ATN International in the 4th quarter valued at about $448,000. Hillsdale Investment Management Inc. bought a new stake in shares of ATN International in the 4th quarter valued at about $479,000. Ameriprise Financial Inc. grew its position in shares of ATN International by 7.2% in the 2nd 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 during the last quarter. Finally, Marshall Wace LLP grew its position in shares of 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 buying an additional 27,714 shares during the last quarter. Institutional investors own 65.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ATNI shares. Weiss Ratings upgraded ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Wall Street Zen lowered ATN International from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently 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.