Cornelius Prior, Jr. Sells 10,000 Shares of ATN International (NASDAQ:ATNI) Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 10,000 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $31.34, for a total value of $313,400.00. Following the completion of the transaction, the insider directly owned 37,165 shares of the company’s stock, valued at approximately $1,164,751.10. This trade represents a 21.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

ATN International Stock Down 3.1%

ATNI opened at $29.69 on Friday. 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 firm has a market cap of $457.32 million, a P/E ratio of 2.89, a PEG ratio of 3.93 and a beta of 0.56. ATN International, Inc. has a 52 week low of $13.86 and a 52 week high of $33.41. The business’s fifty day simple moving average is $26.75 and its 200 day simple moving average is $27.02.

ATN International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Tuesday, June 30th were given a $0.29 dividend. 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. This represents a $1.16 annualized dividend and a dividend yield of 3.9%. ATN International’s dividend payout ratio is 11.28%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Wall Street Zen raised shares of ATN International from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Zacks Research raised shares of ATN International from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. Finally, Weiss Ratings upgraded ATN International from a “hold (c-)” rating to a “hold (c+)” rating in a report on Friday, August 21st. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Institutional Trading of ATN International

A number of hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc bought a new stake in shares of ATN International in the second quarter worth $25,000. California State Teachers Retirement System boosted its stake in ATN International by 590.7% during the 2nd quarter. California State Teachers Retirement System now owns 3,709 shares of the technology company’s stock valued at $98,000 after acquiring an additional 3,172 shares during the last quarter. Strs Ohio bought a new position in ATN International during the 1st quarter valued at $138,000. Meeder Asset Management Inc. acquired a new position in ATN International during the 2nd quarter worth $217,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of ATN International in the 2nd quarter worth about $220,000. Institutional investors and hedge funds own 65.50% of the company’s stock.

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.