ATN International Inc (NASDAQ:ATNI) insider Michael T. Prior sold 2,400 shares of the company’s stock in a transaction that occurred on Wednesday, June 13th. The stock was sold at an average price of $53.38, for a total value of $128,112.00. Following the sale, the insider now owns 402,624 shares of the company’s stock, valued at approximately $21,492,069.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
ATN International traded up $1.41, hitting $54.43, during trading hours on Friday, Marketbeat reports. The company’s stock had a trading volume of 69,000 shares, compared to its average volume of 84,238. The stock has a market capitalization of $844.12 million, a price-to-earnings ratio of 24.97 and a beta of 0.50. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.71 and a current ratio of 1.80. ATN International Inc has a 52-week low of $49.50 and a 52-week high of $71.25.
ATN International (NASDAQ:ATNI) last released its quarterly earnings data on Wednesday, April 25th. The technology company reported ($0.32) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.25). The business had revenue of $104.48 million during the quarter, compared to analysts’ expectations of $106.52 million. ATN International had a return on equity of 2.91% and a net margin of 4.17%. analysts predict that ATN International Inc will post -0.66 EPS for the current year.
Several equities research analysts have recently commented on the company. BidaskClub upgraded ATN International from a “hold” rating to a “buy” rating in a research note on Wednesday, April 18th. BWS Financial cut ATN International from a “hold” rating to a “sell” rating and cut their price target for the stock from $57.00 to $45.00 in a research note on Friday, April 27th. Zacks Investment Research cut ATN International from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Finally, ValuEngine cut ATN International from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $57.50.
A number of large investors have recently added to or reduced their stakes in ATNI. MetLife Investment Advisors LLC purchased a new position in ATN International in the fourth quarter worth $263,000. SG Americas Securities LLC raised its position in ATN International by 29.3% in the fourth quarter. SG Americas Securities LLC now owns 6,160 shares of the technology company’s stock worth $340,000 after acquiring an additional 1,396 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in ATN International by 35.5% in the fourth 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. Aperio Group LLC purchased a new position in ATN International in the first quarter worth $831,000. Finally, Arizona State Retirement System raised its position in ATN International by 218.2% in the fourth 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. Hedge funds and other institutional investors own 61.27% of the company’s stock.
ATN International Company Profile
ATN International, Inc, through its subsidiaries, provides wireless and wireline telecommunications services in North America, Bermuda, and the Caribbean. It operates through U.S. Telecom, International Telecom, and Renewable Energy segments. The company offers wholesale wireless voice and data roaming services; wireline local telephone and data, video, and long-distance voice services; and facilities-based integrated voice and data communications, and wholesale transport services to enterprise and residential customers.
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