Justin D. Benincasa Sells 4,179 Shares of ATN International, Inc. (ATNI) Stock

ATN International, Inc. (NASDAQ:ATNI) CFO Justin D. Benincasa sold 4,179 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $59.72, for a total transaction of $249,569.88. Following the completion of the sale, the chief financial officer now owns 59,526 shares in the company, valued at approximately $3,554,892.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

ATN International, Inc. (NASDAQ:ATNI) opened at $59.54 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.93 and a quick ratio of 1.84. ATN International, Inc. has a 52-week low of $49.50 and a 52-week high of $87.82. The firm has a market cap of $953.65, a P/E ratio of 36.08 and a beta of 0.60.

ATN International (NASDAQ:ATNI) last released its quarterly earnings results on Monday, October 30th. The technology company reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.18. ATN International had a negative net margin of 1.93% and a positive return on equity of 3.34%. The business had revenue of $122.13 million for the quarter, compared to the consensus estimate of $123.92 million. sell-side analysts predict that ATN International, Inc. will post -0.93 EPS for the current fiscal year.

Several equities research analysts recently issued reports on the stock. TheStreet cut shares of ATN International from a “c” rating to a “d+” rating in a report on Tuesday, October 31st. Sidoti downgraded shares of ATN International from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $73.00 to $57.00 in a research report on Tuesday, October 3rd. Zacks Investment Research upgraded shares of ATN International from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Finally, ValuEngine upgraded shares of ATN International from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Five equities research analysts have rated the stock with a hold rating, ATN International has an average rating of “Hold” and an average target price of $57.00.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ATNI. Teachers Advisors LLC raised its position in shares of ATN International by 2.5% during the 1st quarter. Teachers Advisors LLC now owns 17,434 shares of the technology company’s stock valued at $1,228,000 after purchasing an additional 417 shares during the period. State Street Corp raised its position in shares of ATN International by 5.9% during the 1st quarter. State Street Corp now owns 290,723 shares of the technology company’s stock valued at $20,477,000 after purchasing an additional 16,078 shares during the period. Aperio Group LLC raised its position in shares of ATN International by 23.1% during the 2nd quarter. Aperio Group LLC now owns 9,537 shares of the technology company’s stock valued at $653,000 after purchasing an additional 1,790 shares during the period. Strs Ohio raised its position in shares of ATN International by 5.9% during the 2nd quarter. Strs Ohio now owns 3,600 shares of the technology company’s stock valued at $246,000 after purchasing an additional 200 shares during the period. Finally, Municipal Employees Retirement System of Michigan raised its position in shares of ATN International by 51.4% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 3,680 shares of the technology company’s stock valued at $252,000 after purchasing an additional 1,250 shares during the period. Institutional investors and hedge funds own 58.24% of the company’s stock.

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ATN International Company Profile

ATN International, Inc (ATN), formerly Atlantic Tele-Network, Inc, is a holding company. The Company’s segments include U.S. Telecom, International Telecom and Renewable Energy. In the United States, it provides wholesale wireless voice and data roaming services in rural markets to national, regional, local and selected international wireless carriers.

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