Capital Fund Management S.A. reduced its position in Atlantic Tele-Network Inc. (NASDAQ:ATNI) by 12.1% during the second quarter, Holdings Channel reports. The fund owned 18,200 shares of the company’s stock after selling 2,500 shares during the period. Capital Fund Management S.A.’s holdings in Atlantic Tele-Network were worth $1,416,000 as of its most recent filing with the SEC.
Other large investors have also recently made changes to their positions in the company. Legal & General Group Plc increased its stake in shares of Atlantic Tele-Network by 31.6% in the first quarter. Legal & General Group Plc now owns 2,308 shares of the company’s stock worth $176,000 after buying an additional 554 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Atlantic Tele-Network by 9.3% in the first quarter. Royal Bank of Canada now owns 2,841 shares of the company’s stock worth $215,000 after buying an additional 241 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Atlantic Tele-Network by 92.7% in the second quarter. BNP Paribas Arbitrage SA now owns 3,521 shares of the company’s stock worth $274,000 after buying an additional 1,694 shares during the last quarter. Capstone Asset Management Co. boosted its position in shares of Atlantic Tele-Network by 9.6% in the second quarter. Capstone Asset Management Co. now owns 3,897 shares of the company’s stock worth $303,000 after buying an additional 340 shares during the last quarter. Finally, Americafirst Capital Management LLC acquired a new position in shares of Atlantic Tele-Network during the second quarter worth approximately $348,000. 58.02% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Atlantic Tele-Network Inc. (NASDAQ:ATNI) traded up 0.20% on Friday, reaching $65.42. 58,782 shares of the company’s stock were exchanged. The firm has a market cap of $1.06 billion, a PE ratio of 76.78 and a beta of 0.86. Atlantic Tele-Network Inc. has a one year low of $62.70 and a one year high of $83.80. The company has a 50 day moving average price of $65.83 and a 200 day moving average price of $72.01.
Atlantic Tele-Network (NASDAQ:ATNI) last announced its quarterly earnings data on Wednesday, July 27th. The company reported ($0.59) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.67. The company had revenue of $100 million for the quarter, compared to the consensus estimate of $94.67 million. Atlantic Tele-Network had a net margin of 3.73% and a return on equity of 2.16%. Analysts expect that Atlantic Tele-Network Inc. will post $0.85 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 7th. Investors of record on Friday, September 30th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This is an increase from Atlantic Tele-Network’s previous quarterly dividend of $0.32. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.08%. Atlantic Tele-Network’s payout ratio is 158.14%.
A number of brokerages have commented on ATNI. Zacks Investment Research cut shares of Atlantic Tele-Network from a “hold” rating to a “sell” rating in a research report on Wednesday, August 3rd. Drexel Hamilton began coverage on shares of Atlantic Tele-Network in a research report on Wednesday, June 22nd. They set a “buy” rating on the stock.
In related news, VP William F. Kreisher acquired 1,446 shares of the business’s stock in a transaction that occurred on Wednesday, August 10th. The stock was bought at an average cost of $67.17 per share, for a total transaction of $97,127.82. Following the purchase, the vice president now owns 39,572 shares in the company, valued at approximately $2,658,051.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael T. Prior sold 531 shares of the business’s stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $80.46, for a total value of $42,724.26. Following the transaction, the chief executive officer now owns 369,778 shares of the company’s stock, valued at $29,752,337.88. The disclosure for this sale can be found here. Corporate insiders own 33.60% of the company’s stock.
Atlantic Tele-Network Company Profile
ATN International, Inc, formerly Atlantic Tele-Network, Inc, is a holding company. The Company, through its subsidiaries, provides wireless and wireline telecommunications services in North America, Bermuda and the Caribbean; owns and operates commercial distributed generation solar power systems in the United States, and owns and operates terrestrial and submarine fiber optic transport systems in the United States and the Caribbean, respectively.
Want to see what other hedge funds are holding ATNI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Atlantic Tele-Network Inc. (NASDAQ:ATNI).
Receive News & Ratings for Atlantic Tele-Network Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlantic Tele-Network Inc. and related companies with MarketBeat.com's FREE daily email newsletter.