ATN International (NASDAQ:ATNI) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Shares of ATN International, Inc. (NASDAQ:ATNI) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $25.76 and traded as high as $27.70. ATN International shares last traded at $27.0070, with a volume of 201,390 shares trading hands.

Wall Street Analyst Weigh In

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

ATN International Trading Up 1.1%

The firm has a market capitalization of $415.37 million, a price-to-earnings ratio of -27.28, a price-to-earnings-growth ratio of 3.61 and a beta of 0.54. The business’s 50 day moving average price is $27.23 and its 200-day moving average price is $25.76. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.21 and a quick ratio of 1.16.

ATN International (NASDAQ:ATNI) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.30). ATN International had a negative net margin of 1.20% and a positive return on equity of 0.55%. The firm had revenue of $182.22 million during the quarter, compared to analyst estimates of $183.40 million. Equities analysts forecast that ATN International, Inc. will post 0.74 EPS for the current fiscal year.

ATN International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.29 per share. This is a positive change from ATN International’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.3%. ATN International’s dividend payout ratio (DPR) is currently -111.11%.

Insider Activity at ATN International

In related news, major shareholder Cornelius B. Prior, Jr. sold 19,100 shares of ATN International stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $27.96, for a total value of $534,036.00. Following the sale, the insider directly owned 87,936 shares in the company, valued at $2,458,690.56. The trade was a 17.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 82,064 shares of company stock valued at $2,279,021. 5.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On ATN International

A number of hedge funds and other institutional investors have recently bought and sold shares of ATNI. Hillsdale Investment Management Inc. purchased a new stake in shares of ATN International during the 4th quarter worth $479,000. Gamco Investors INC. ET AL increased its holdings in shares of ATN International by 9.6% in the 3rd quarter. Gamco Investors INC. ET AL now owns 76,936 shares of the technology company’s stock valued at $1,152,000 after purchasing an additional 6,715 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of ATN International by 5.6% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 662,544 shares of the technology company’s stock valued at $9,918,000 after purchasing an additional 35,394 shares in the last quarter. Ameriprise Financial Inc. lifted 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 purchasing an additional 2,397 shares during the period. Finally, Marshall Wace LLP lifted its stake in shares of ATN International by 137.9% in the second quarter. Marshall Wace LLP now owns 47,804 shares of the technology company’s stock valued at $777,000 after purchasing an additional 27,714 shares during the period. Institutional investors and hedge funds own 65.50% of the company’s stock.

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.