ATN International (ATNI) Lifted to “Buy” at Sidoti

Sidoti upgraded shares of ATN International (NASDAQ:ATNI) from a neutral rating to a buy rating in a report released on Monday morning, MarketBeat.com reports. The brokerage currently has $70.00 target price on the technology company’s stock.

A number of other research firms have also weighed in on ATNI. BidaskClub lowered ATN International from a hold rating to a sell rating in a research note on Tuesday, December 12th. TheStreet lowered ATN International from a c rating to a d+ rating in a research note on Tuesday, October 31st. Finally, Zacks Investment Research raised ATN International from a sell rating to a hold rating in a research note on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $63.50.

ATN International (ATNI) traded down $2.40 during trading hours on Monday, hitting $58.90. The stock had a trading volume of 97,400 shares, compared to its average volume of 130,271. The stock has a market capitalization of $981.82, a price-to-earnings ratio of -93.49 and a beta of 0.61. ATN International has a 52-week low of $49.50 and a 52-week high of $82.59. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.84 and a current ratio of 1.93.

ATN International (NASDAQ:ATNI) last released its quarterly earnings data on Monday, October 30th. The technology company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.18. The firm had revenue of $122.13 million during the quarter, compared to analyst estimates of $123.92 million. ATN International had a positive return on equity of 3.34% and a negative net margin of 1.93%. equities research analysts forecast that ATN International will post -0.93 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 8th. Stockholders of record on Sunday, December 31st were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Thursday, December 28th. ATN International’s dividend payout ratio (DPR) is presently -107.94%.

In related news, CFO Justin D. Benincasa sold 4,179 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $59.72, for a total value of $249,569.88. Following the completion of the sale, the chief financial officer now owns 59,526 shares of the company’s stock, valued at $3,554,892.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael T. Prior sold 7,355 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $55.36, for a total value of $407,172.80. Following the completion of the sale, the insider now directly owns 387,247 shares of the company’s stock, valued at approximately $21,437,993.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,534 shares of company stock valued at $765,963. Insiders own 32.70% of the company’s stock.

A number of hedge funds have recently made changes to their positions in ATNI. River Road Asset Management LLC lifted its stake in ATN International by 16.8% in the third quarter. River Road Asset Management LLC now owns 335,542 shares of the technology company’s stock worth $17,683,000 after acquiring an additional 48,330 shares during the period. Dean Capital Management lifted its stake in ATN International by 39.6% in the second quarter. Dean Capital Management now owns 40,705 shares of the technology company’s stock worth $2,786,000 after acquiring an additional 11,545 shares during the period. Alps Advisors Inc. purchased a new stake in ATN International in the third quarter worth $453,000. Martin & Co. Inc. TN lifted its stake in ATN International by 53.6% in the second quarter. Martin & Co. Inc. TN now owns 23,800 shares of the technology company’s stock worth $1,629,000 after acquiring an additional 8,305 shares during the period. Finally, TIAA CREF Investment Management LLC lifted its stake in ATN International by 12.3% in the second quarter. TIAA CREF Investment Management LLC now owns 47,478 shares of the technology company’s stock worth $3,249,000 after acquiring an additional 5,200 shares during the period. 58.37% of the stock is owned by institutional investors.

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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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