ATN International (NASDAQ:ATNI) Major Shareholder Cornelius Prior, Jr. Sells 1,000 Shares of Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 1,000 shares of ATN International stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $27.08, for a total transaction of $27,080.00. Following the sale, the insider owned 86,936 shares in the company, valued at $2,354,226.88. This represents a 1.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large 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 Up 2.4%

Shares of ATNI stock opened at $27.69 on Tuesday. ATN International, Inc. has a 52-week low of $13.86 and a 52-week high of $30.45. The stock has a market cap of $425.87 million, a price-to-earnings ratio of -27.97, a P/E/G ratio of 3.65 and a beta of 0.54. 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 firm has a fifty day moving average of $27.22 and a 200-day moving average of $25.83.

ATN International (NASDAQ:ATNI) last issued its earnings results on Thursday, May 7th. The technology company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.30). The business had revenue of $182.22 million for the quarter, compared to analyst estimates of $183.40 million. ATN International had a negative net margin of 1.20% and a positive return on equity of 0.55%. On average, equities research analysts forecast that ATN International, Inc. will post 0.74 earnings per share for the current fiscal year.

ATN International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This is a positive change from ATN International’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a yield of 4.2%. ATN International’s dividend payout ratio (DPR) is presently -111.11%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Strs Ohio bought a new stake in ATN International during the 1st quarter worth approximately $138,000. Marshall Wace LLP raised its position in ATN International by 137.9% in the 2nd 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 last quarter. Gamco Investors INC. ET AL raised its position in ATN International by 17.1% in the 2nd quarter. Gamco Investors INC. ET AL now owns 70,221 shares of the technology company’s stock valued at $1,141,000 after purchasing an additional 10,253 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in ATN International by 7.2% in the second quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company’s stock worth $583,000 after purchasing an additional 2,397 shares in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its stake in ATN International by 5.6% in the third quarter. Brown Brothers Harriman & Co. now owns 662,544 shares of the technology company’s stock worth $9,918,000 after purchasing an additional 35,394 shares in the last quarter. Institutional investors 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.