Cornelius Prior, Jr. Sells 1,000 Shares of ATN International (NASDAQ:ATNI) Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $31.75, for a total value of $31,750.00. Following the completion of the transaction, the insider owned 57,665 shares of the company’s stock, valued at $1,830,863.75. The trade was a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 Trading Down 2.3%

ATN International stock opened at $31.14 on Friday. The stock has a market cap of $479.56 million, a P/E ratio of 3.03, a PEG ratio of 4.09 and a beta of 0.56. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.63 and a quick ratio of 1.59. ATN International, Inc. has a 1 year low of $13.86 and a 1 year high of $33.41. The firm’s 50 day moving average price is $26.37 and its 200-day moving average price is $26.85.

ATN International Increases Dividend

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

Hedge Funds Weigh In On ATN International

Institutional investors have recently bought and sold shares of the business. Legal & General Group Plc purchased a new stake in shares of ATN International during the 2nd quarter valued at about $25,000. Bank of New York Mellon Corp grew its position in ATN International by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 122,634 shares of the technology company’s stock worth $3,338,000 after acquiring an additional 1,132 shares in the last quarter. Ameriprise Financial Inc. increased its stake in ATN International by 7.2% during the second quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company’s stock worth $583,000 after acquiring an additional 2,397 shares during the last quarter. Strs Ohio bought a new stake in ATN International during the first quarter worth approximately $138,000. Finally, Meeder Asset Management Inc. bought a new stake in ATN International during the second quarter worth approximately $217,000. Institutional investors own 65.50% of the company’s stock.

Wall Street Analyst Weigh In

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