Hillsdale Investment Management Inc. Buys Shares of 21,000 ATN International, Inc. $ATNI

Hillsdale Investment Management Inc. bought a new stake in ATN International, Inc. (NASDAQ:ATNI) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 21,000 shares of the technology company’s stock, valued at approximately $479,000. Hillsdale Investment Management Inc. owned about 0.14% of ATN International at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Strs Ohio acquired a new stake in shares of ATN International during the first quarter worth about $138,000. Ameriprise Financial Inc. grew its position in shares of ATN International by 7.2% during the second quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company’s stock worth $583,000 after acquiring an additional 2,397 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of ATN International by 137.9% during the second quarter. Marshall Wace LLP now owns 47,804 shares of the technology company’s stock worth $777,000 after purchasing an additional 27,714 shares during the period. Gamco Investors INC. ET AL lifted its holdings in shares of ATN International by 17.1% during the second quarter. Gamco Investors INC. ET AL now owns 70,221 shares of the technology company’s stock worth $1,141,000 after purchasing an additional 10,253 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its holdings in shares of ATN International by 5.6% during the third quarter. Brown Brothers Harriman & Co. now owns 662,544 shares of the technology company’s stock worth $9,918,000 after purchasing an additional 35,394 shares during the period. Institutional investors and hedge funds own 65.50% of the company’s stock.

ATN International Stock Up 0.4%

NASDAQ ATNI opened at $28.28 on Tuesday. The stock has a market cap of $434.95 million, a PE ratio of -28.57, a P/E/G ratio of 6.40 and a beta of 0.54. ATN International, Inc. has a fifty-two week low of $13.86 and a fifty-two week high of $30.45. The business has a 50 day moving average price of $27.40 and a two-hundred day moving average price of $24.98. The company has a quick ratio of 1.16, a current ratio of 1.21 and a debt-to-equity ratio of 1.01.

ATN International (NASDAQ:ATNI) last released its quarterly earnings results on Thursday, May 7th. The technology company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.30). ATN International had a positive return on equity of 0.55% and a negative net margin of 1.20%.The company had revenue of $182.22 million during the quarter, compared to analysts’ expectations of $183.40 million. As a group, sell-side analysts predict that ATN International, Inc. will post 0.44 EPS for the current fiscal year.

ATN International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Tuesday, March 31st were given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Tuesday, March 31st. ATN International’s dividend payout ratio is presently -111.11%.

Analysts Set New Price Targets

A number of research firms have commented on ATNI. Weiss Ratings raised ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Wall Street Zen downgraded shares of ATN International from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

ATN International Profile

ATN International, Inc (NASDAQ: ATNI) is a diversified provider of telecommunications services that operates through a combination of wireless, wireline and broadband networks. Headquartered in Beverly, Massachusetts, the company offers a range of voice and data solutions to residential, commercial and wholesale customers. Its core offerings include long-distance voice services, fixed-line telephony, broadband internet access and network infrastructure solutions.

Through its business segments, ATN delivers tailored communications products to underserved markets across the Caribbean, Latin America, parts of the Pacific and select rural regions of the United States.