ATN International (NASDAQ:ATNI) Major Shareholder Sells $54,600.00 in Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 2,000 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $27.30, for a total transaction of $54,600.00. Following the transaction, the insider directly owned 107,036 shares in the company, valued at $2,922,082.80. The trade was a 1.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

ATN International Trading Down 3.8%

Shares of ATN International stock opened at $25.66 on Thursday. ATN International, Inc. has a 1 year low of $13.86 and a 1 year high of $30.45. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.16 and a current ratio of 1.21. The company has a market capitalization of $394.65 million, a P/E ratio of -25.92, a PEG ratio of 3.60 and a beta of 0.54. The company’s fifty day moving average is $27.24 and its two-hundred day moving average is $25.54.

ATN International (NASDAQ:ATNI) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $182.22 million for the quarter, compared to analysts’ expectations of $183.40 million. Analysts forecast that ATN International, Inc. will post 0.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ATNI. Wall Street Zen downgraded shares of ATN International from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Weiss Ratings raised shares of ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, ATN International has an average rating of “Hold”.

Institutional Trading of ATN International

Institutional investors have recently added to or reduced their stakes in the stock. Strs Ohio purchased a new stake in ATN International during the first quarter worth about $138,000. Segall Bryant & Hamill LLC purchased a new stake in ATN International during the fourth quarter worth about $448,000. Hillsdale Investment Management Inc. purchased a new stake in ATN International during the fourth quarter worth about $479,000. Ameriprise Financial Inc. boosted its holdings in 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 buying an additional 2,397 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in 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 buying an additional 27,714 shares in the last quarter. Hedge funds and other institutional investors own 65.50% of the company’s stock.

ATN International Company 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.