BidaskClub cut shares of ATN International (NASDAQ:ATNI) from a sell rating to a strong sell rating in a research report sent to investors on Wednesday morning.
ATNI has been the subject of a number of other research reports. Sidoti upgraded ATN International from a neutral rating to a buy rating and set a $70.00 price target for the company in a research report on Monday, January 8th. ValuEngine lowered ATN International from a hold rating to a sell rating in a research report on Friday, February 2nd. Finally, TheStreet upgraded ATN International from a d+ rating to a c- rating in a research report on Monday, January 8th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. ATN International presently has a consensus rating of Hold and a consensus price target of $63.50.
ATN International (ATNI) opened at $60.15 on Wednesday. ATN International has a 52 week low of $49.50 and a 52 week high of $74.96. The firm has a market capitalization of $950.31, a PE ratio of 26.95 and a beta of 0.49. The company has a current ratio of 2.12, a quick ratio of 2.03 and a debt-to-equity ratio of 0.17.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 6th. Investors of record on Saturday, March 31st will be given a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.13%. ATN International’s dividend payout ratio (DPR) is 34.69%.
In related news, VP William F. Kreisher sold 8,264 shares of the stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $60.17, for a total value of $497,244.88. Following the completion of the sale, the vice president now directly owns 38,458 shares of the company’s stock, valued at approximately $2,314,017.86. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Justin D. Benincasa sold 6,106 shares of the stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $59.01, for a total value of $360,315.06. Following the completion of the sale, the chief financial officer now directly owns 57,396 shares of the company’s stock, valued at $3,386,937.96. The disclosure for this sale can be found here. Insiders sold a total of 17,179 shares of company stock valued at $1,031,563 in the last quarter. 32.70% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the stock. MetLife Investment Advisors LLC purchased a new stake in ATN International in the 4th quarter worth about $263,000. Municipal Employees Retirement System of Michigan lifted its stake in ATN International by 35.5% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 7,210 shares of the technology company’s stock worth $398,000 after acquiring an additional 1,890 shares in the last quarter. Rhumbline Advisers lifted its stake in ATN International by 7.9% in the 4th quarter. Rhumbline Advisers now owns 31,217 shares of the technology company’s stock worth $1,725,000 after acquiring an additional 2,296 shares in the last quarter. Arizona State Retirement System lifted its stake in ATN International by 218.2% in the 4th quarter. Arizona State Retirement System now owns 18,304 shares of the technology company’s stock worth $1,011,000 after acquiring an additional 12,551 shares in the last quarter. Finally, River Road Asset Management LLC lifted its stake in ATN International by 6.1% in the 4th quarter. River Road Asset Management LLC now owns 356,112 shares of the technology company’s stock worth $19,679,000 after acquiring an additional 20,570 shares in the last quarter. 62.47% of the stock is owned by hedge funds and other 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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