ATN International, Inc. $ATNI Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC lowered its stake in shares of ATN International, Inc. (NASDAQ:ATNI) by 26.1% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 116,373 shares of the technology company’s stock after selling 41,152 shares during the period. Gabelli Funds LLC owned approximately 0.76% of ATN International worth $3,168,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ATNI. Bank of New York Mellon Corp lifted its stake in ATN International by 0.9% during the first quarter. Bank of New York Mellon Corp now owns 122,634 shares of the technology company’s stock worth $3,338,000 after purchasing an additional 1,132 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of ATN International by 7.2% in the second quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company’s stock valued at $583,000 after buying an additional 2,397 shares in the last quarter. Strs Ohio acquired a new stake in shares of ATN International in the first quarter valued at $138,000. Gamco Investors INC. ET AL grew its stake in shares of ATN International by 17.1% in the second quarter. Gamco Investors INC. ET AL now owns 70,221 shares of the technology company’s stock valued at $1,141,000 after buying an additional 10,253 shares in the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new stake in shares of ATN International in the 4th quarter valued at $448,000. Hedge funds and other institutional investors own 65.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ATNI shares. Weiss Ratings upgraded ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Zacks Research lowered shares of ATN International from a “hold” rating to a “strong sell” rating in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, ATN International currently has a consensus rating of “Reduce”.

Insider Transactions at ATN International

In other news, major shareholder Cornelius B. Prior, Jr. sold 5,000 shares of the company’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $27.65, for a total transaction of $138,250.00. Following the completion of the transaction, the insider directly owned 81,436 shares of the company’s stock, valued at approximately $2,251,705.40. This represents a 5.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 88,564 shares of company stock worth $2,457,901. 5.60% of the stock is owned by insiders.

ATN International Stock Up 1.5%

ATNI stock opened at $24.04 on Wednesday. The company’s 50 day moving average price is $25.79 and its 200 day moving average price is $26.08. The firm has a market capitalization of $369.76 million, a price-to-earnings ratio of -24.28, a PEG ratio of 3.95 and a beta of 0.55. ATN International, Inc. has a fifty-two week low of $13.86 and a fifty-two week 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.

ATN International (NASDAQ:ATNI) last issued its quarterly earnings results on Thursday, May 7th. The technology company reported ($0.18) earnings per share (EPS) 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 firm had revenue of $182.22 million during the quarter, compared to analysts’ expectations of $183.40 million. On average, equities research analysts anticipate that ATN International, Inc. will post 0.6 EPS for the current fiscal year.

ATN International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Tuesday, June 30th were paid a $0.29 dividend. This is a boost from ATN International’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date was Tuesday, June 30th. ATN International’s payout ratio is -117.17%.

About ATN International

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.