Short Interest in ATN International, Inc. (NASDAQ:ATNI) Decreases By 9.1%

ATN International, Inc. (NASDAQ:ATNI) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 223,800 shares, a decline of 9.1% from the June 30th total of 246,100 shares. Based on an average trading volume of 174,500 shares, the days-to-cover ratio is currently 1.3 days. Approximately 2.2% of the shares of the company are sold short.

ATN International Stock Up 4.6 %

Shares of NASDAQ:ATNI traded up $1.23 during trading hours on Tuesday, hitting $28.26. The company’s stock had a trading volume of 49,464 shares, compared to its average volume of 126,943. The firm’s fifty day moving average price is $22.83 and its 200 day moving average price is $28.12. ATN International has a 52 week low of $18.20 and a 52 week high of $39.88. The company has a market capitalization of $432.94 million, a price-to-earnings ratio of -21.15 and a beta of 0.56. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.10 and a quick ratio of 1.00.

ATN International (NASDAQ:ATNI) last issued its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.76. The company had revenue of $183.28 million during the quarter, compared to the consensus estimate of $182.39 million. ATN International had a negative net margin of 0.89% and a positive return on equity of 0.12%. During the same quarter in the previous year, the firm posted ($0.03) earnings per share. As a group, research analysts expect that ATN International will post -0.7 EPS for the current year.

ATN International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Sunday, June 30th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 3.40%. The ex-dividend date was Friday, June 28th. ATN International’s dividend payout ratio is currently -73.85%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ATNI. Innealta Capital LLC purchased a new position in shares of ATN International in the second quarter valued at approximately $26,000. GAMMA Investing LLC lifted its holdings in ATN International by 72.2% in the 2nd quarter. GAMMA Investing LLC now owns 3,340 shares of the technology company’s stock valued at $76,000 after purchasing an additional 1,400 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in ATN International by 52.6% during the 1st quarter. BNP Paribas Financial Markets now owns 5,708 shares of the technology company’s stock worth $180,000 after purchasing an additional 1,968 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of ATN International by 498.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 1,951 shares of the technology company’s stock worth $76,000 after buying an additional 1,625 shares in the last quarter. Finally, Keeley Teton Advisors LLC raised its position in shares of ATN International by 27.6% in the fourth quarter. Keeley Teton Advisors LLC now owns 19,266 shares of the technology company’s stock valued at $751,000 after buying an additional 4,163 shares during the last quarter. Hedge funds and other institutional investors own 65.50% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on ATNI. StockNews.com raised shares of ATN International from a “hold” rating to a “buy” rating in a report on Thursday, July 25th. Raymond James reiterated a “strong-buy” rating and issued a $32.00 target price (down previously from $40.00) on shares of ATN International in a report on Friday, April 26th. Finally, BWS Financial reissued a “buy” rating and issued a $30.00 price objective on shares of ATN International in a research report on Friday.

About ATN International

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.