Cornelius Prior, Jr. Sells 3,500 Shares of ATN International (NASDAQ:ATNI) Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 3,500 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $27.02, for a total transaction of $94,570.00. Following the sale, the insider directly owned 182,500 shares of the company’s stock, valued at approximately $4,931,150. This represents a 1.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

ATN International Price Performance

ATNI stock opened at $26.66 on Wednesday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.21 and a quick ratio of 1.16. The business has a 50 day simple moving average of $27.27 and a 200-day simple moving average of $25.51. The firm has a market capitalization of $410.03 million, a PE ratio of -26.93, a price-to-earnings-growth ratio of 3.73 and a beta of 0.54. ATN International, Inc. has a 1 year low of $13.86 and a 1 year high of $30.45.

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

Key Headlines Impacting ATN International

Here are the key news stories impacting ATN International this week:

• Negative Sentiment: Cornelius B. Prior, Jr. has sold shares in multiple recent transactions, including a 19,100-share sale and other smaller sales, reducing his ownership meaningfully. SEC filing
• Negative Sentiment: The selling pattern has been consistent across several dates in May and June, which may reinforce concerns that a large insider sees better value elsewhere or is trimming exposure. SEC filing
• Neutral Sentiment: The sale prices were clustered near the stock’s recent trading range, so the activity could also reflect portfolio rebalancing or routine liquidity management rather than a change in fundamentals. SEC filing

Institutional Investors Weigh In On ATN International

A number of hedge funds have recently bought and sold shares of the stock. Strs Ohio acquired a new position in shares of ATN International during the first quarter worth about $138,000. Marshall Wace LLP raised its holdings in 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 acquiring an additional 27,714 shares in the last quarter. Gamco Investors INC. ET AL raised its holdings in ATN International by 17.1% in the second quarter. Gamco Investors INC. ET AL now owns 70,221 shares of the technology company’s stock valued at $1,141,000 after acquiring an additional 10,253 shares in the last quarter. Ameriprise Financial Inc. lifted 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 acquiring an additional 2,397 shares during the last quarter. Finally, Brown Brothers Harriman & Co. lifted 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 acquiring an additional 35,394 shares during the last quarter. Institutional investors and hedge funds own 65.50% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.