Atlantic Tele-Network CEO Unloads $59,040 in Stock (ATNI)
Atlantic Tele-Network (NASDAQ:ATNI) CEO Michael T. Prior sold 1,000 shares of Atlantic Tele-Network stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $59.04, for a total transaction of $59,040.00. Following the completion of the transaction, the chief executive officer now directly owns 168,574 shares in the company, valued at approximately $9,952,609. The transaction was disclosed in a filing with the SEC, which is available at this link.
Separately, analysts at Raymond James reiterated an “outperform” rating on shares of Atlantic Tele-Network in a research note on Friday, August 1st. They now have a $69.00 price target on the stock, up previously from $67.00.
Atlantic Tele-Network (NASDAQ:ATNI) traded down 1.17% on Tuesday, hitting $58.588. The stock had a trading volume of 16,236 shares. 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 $56.83 and a 200-day moving average of $59.48. The company has a market cap of $932.4 million and a P/E ratio of 3.01.
Atlantic Tele-Network (NASDAQ:ATNI) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.72 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.45 by $0.27. The company had revenue of $83.30 million for the quarter, compared to the consensus estimate of $69.95 million. Analysts expect that Atlantic Tele-Network will post $2.16 EPS for the current fiscal year.
Atlantic Tele-Network, Inc (NASDAQ:ATNI) provides wireless and wireline telecommunications services in North America, Bermuda and the Caribbean.
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