ATN International, Inc. (NASDAQ:ATNI) Sees Large Drop in Short Interest

ATN International, Inc. (NASDAQ:ATNI) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totalling 122,700 shares, a decrease of 19.3% from the August 31st total of 152,100 shares. Based on an average daily volume of 87,700 shares, the short-interest ratio is presently 1.4 days. Currently, 1.2% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ATNI shares. BWS Financial reissued a “buy” rating and issued a $30.00 price objective on shares of ATN International in a report on Friday, July 26th. StockNews.com upgraded shares of ATN International from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th.

ATN International Stock Performance

Shares of ATN International stock traded up $1.24 on Friday, hitting $32.96. The stock had a trading volume of 98,872 shares, compared to its average volume of 115,272. The stock has a market cap of $504.85 million, a price-to-earnings ratio of -25.35, a price-to-earnings-growth ratio of 33.62 and a beta of 0.56. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 0.83. ATN International has a twelve month low of $18.20 and a twelve month high of $39.88. The business’s 50 day moving average is $27.33 and its two-hundred day moving average is $25.77.

ATN International (NASDAQ:ATNI) last posted its earnings results on Wednesday, July 24th. The technology company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.76. ATN International had a positive return on equity of 0.12% and a negative net margin of 0.89%. The company had revenue of $183.28 million during the quarter, compared to the consensus estimate of $182.39 million. During the same quarter last year, the firm earned ($0.03) earnings per share. Analysts forecast that ATN International will post 0.09 EPS for the current year.

ATN International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Monday, September 30th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Monday, September 30th. ATN International’s dividend payout ratio (DPR) is currently -73.85%.

Institutional Investors Weigh In On ATN International

Large investors have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. lifted its position in shares of ATN International by 1.7% during 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. Gabelli Funds LLC bought a new stake in ATN International during the second quarter worth about $206,000. Marshall Wace LLP grew its stake in ATN International by 24.9% during the second quarter. Marshall Wace LLP now owns 38,552 shares of the technology company’s stock worth $879,000 after buying an additional 7,694 shares in the last quarter. Summit Trail Advisors LLC increased its holdings in ATN International by 26.6% in the 2nd quarter. Summit Trail Advisors LLC now owns 26,195 shares of the technology company’s stock valued at $604,000 after buying an additional 5,506 shares during the period. Finally, Keeley Teton Advisors LLC raised its position in shares of ATN International by 27.6% in the 4th 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 in the last quarter. Institutional investors and hedge funds own 65.50% of the company’s stock.

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.