ATN International, Inc. (NASDAQ:ATNI) Chairman Michael T. Prior Acquires 10,000 Shares

ATN International, Inc. (NASDAQ:ATNI) Chairman Michael T. Prior acquired 10,000 shares of ATN International stock in a transaction dated Monday, April 29th. The shares were acquired at an average price of $19.88 per share, with a total value of $198,800.00. Following the completion of the purchase, the chairman now owns 523,026 shares in the company, valued at $10,397,756.88. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.

ATN International Stock Down 3.5 %

Shares of ATNI stock opened at $19.08 on Wednesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.89 and a current ratio of 1.06. The firm’s 50-day moving average is $30.17 and its 200-day moving average is $33.08. The stock has a market cap of $295.36 million, a price-to-earnings ratio of -14.68 and a beta of 0.39. ATN International, Inc. has a 52-week low of $18.20 and a 52-week high of $41.03.

ATN International (NASDAQ:ATNI) last issued its earnings results on Wednesday, February 21st. The technology company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.01). The firm had revenue of $198.97 million during the quarter, compared to the consensus estimate of $192.07 million. ATN International had a negative net margin of 1.96% and a negative return on equity of 1.17%. Sell-side analysts predict that ATN International, Inc. will post -0.31 EPS for the current year.

ATN International Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Sunday, March 31st were issued a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.40%. ATN International’s payout ratio is -73.85%.

Analyst Ratings Changes

A number of research firms have recently commented on ATNI. Raymond James restated a “strong-buy” rating and set a $32.00 price objective (down from $40.00) on shares of ATN International in a research note on Friday, April 26th. BWS Financial restated a “buy” rating and set a $30.00 price objective on shares of ATN International in a research note on Monday.

Institutional Investors Weigh In On ATN International

A number of institutional investors and hedge funds have recently modified their holdings of the company. Copeland Capital Management LLC bought a new position in ATN International in the 3rd quarter valued at about $27,000. Bank of New York Mellon Corp raised its holdings in ATN International by 1.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 188,995 shares of the technology company’s stock valued at $5,965,000 after acquiring an additional 2,580 shares during the period. Keeley Teton Advisors LLC raised its holdings in ATN International by 14.4% in the 3rd quarter. Keeley Teton Advisors LLC now owns 15,103 shares of the technology company’s stock valued at $477,000 after acquiring an additional 1,903 shares during the period. GAMMA Investing LLC bought a new position in ATN International in the 4th quarter valued at about $44,000. Finally, Brown Brothers Harriman & Co. raised its holdings in ATN International by 1.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 595,703 shares of the technology company’s stock valued at $23,215,000 after acquiring an additional 10,000 shares during the period. 65.50% of the stock is owned by institutional investors.

ATN International Company Profile

ATN International, Inc, through its subsidiaries, engages in the provision of digital infrastructure and communications services to residential, business, and government customers in the United States and internationally. The company operates through International Telecom and US Telecom segments. The company offers mobile, data, voice, broadband, and fixed services; handsets and accessories; and wholesale roaming, long distance voice services, and site maintenance services.