Cornelius Prior, Jr. Sells 2,854 Shares of ATN International (NASDAQ:ATNI) Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 2,854 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $27.96, for a total transaction of $79,797.84. Following the completion of the sale, the insider directly owned 177,646 shares of the company’s stock, valued at approximately $4,966,982.16. This trade represents a 1.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

ATN International Stock Performance

Shares of ATNI stock opened at $26.66 on Wednesday. The stock’s 50-day moving average is $27.27 and its two-hundred day moving average is $25.51. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.16 and a current ratio of 1.21. ATN International, Inc. has a 1 year low of $13.86 and a 1 year high of $30.45. The firm has a market cap of $410.03 million, a price-to-earnings ratio of -26.93, a PEG ratio of 3.73 and a beta of 0.54.

ATN International (NASDAQ:ATNI) last posted 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 firm had revenue of $182.22 million during the quarter, compared to analysts’ expectations of $183.40 million. ATN International had a negative net margin of 1.20% and a positive return on equity of 0.55%. Analysts predict that ATN International, Inc. will post 0.74 earnings per share for the current year.

Hedge Funds Weigh In On ATN International

Institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its stake in ATN International by 0.9% during the 1st quarter. Bank of New York Mellon Corp now owns 122,634 shares of the technology company’s stock valued at $3,338,000 after acquiring an additional 1,132 shares during the last quarter. Ameriprise Financial Inc. lifted its position in ATN International by 7.2% during the 2nd 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 period. Gamco Investors INC. ET AL grew its stake in shares of ATN International by 9.6% in the 3rd quarter. Gamco Investors INC. ET AL now owns 76,936 shares of the technology company’s stock valued at $1,152,000 after purchasing an additional 6,715 shares during the last quarter. Strs Ohio acquired a new position in shares of ATN International in the first quarter valued at approximately $138,000. Finally, Segall Bryant & Hamill LLC increased its holdings in shares of ATN International by 49.3% in the first quarter. Segall Bryant & Hamill LLC now owns 29,341 shares of the technology company’s stock valued at $799,000 after purchasing an additional 9,684 shares during the period. Institutional investors and hedge funds own 65.50% of the company’s stock.

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ATNI shares. 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 downgraded shares of 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 company 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.