Atlantic Tele-Network SVP Sells $90,232 in Stock (ATNI)
Atlantic Tele-Network (NASDAQ:ATNI) SVP Karl Noone unloaded 1,622 shares of the company’s stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $55.63, for a total value of $90,231.86. Following the completion of the transaction, the senior vice president now directly owns 9,932 shares of the company’s stock, valued at approximately $552,517. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Atlantic Tele-Network (NASDAQ:ATNI) traded up 0.09% during mid-day trading on Tuesday, hitting $55.76. 11,176 shares of the company’s stock traded hands. Atlantic Tele-Network has a one year low of $45.00 and a one year high of $67.16. The stock has a 50-day moving average of $57.34 and a 200-day moving average of $59.44. The company has a market cap of $882.6 million and a price-to-earnings ratio of 2.85.
Atlantic Tele-Network (NASDAQ:ATNI) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.11. Analysts expect that Atlantic Tele-Network will post $1.94 EPS for the current fiscal year.
ATNI has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Atlantic Tele-Network from an “outperform” rating to a “neutral” rating in a research note on Monday, May 5th. They now have a $70.00 price target on the stock. Analysts at BWS Financial downgraded shares of Atlantic Tele-Network from a “hold” rating to a “sell” rating in a research note on Thursday, May 1st. They now have a $48.00 price target on the stock, down previously from $51.00.
Atlantic Tele-Network, Inc (NASDAQ:ATNI) provides wireless and wireline telecommunications services in North America, Bermuda and the Caribbean.
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