Cornelius Prior, Jr. Sells 6,000 Shares of ATN International (NASDAQ:ATNI) Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 6,000 shares of ATN International stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $25.73, for a total value of $154,380.00. Following the completion of the transaction, the insider directly owned 194,000 shares of the company’s stock, valued at approximately $4,991,620. This represents a 3.00% decrease in their position. The transaction 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 shares are required to disclose their sales and purchases with the SEC.

ATN International Price Performance

Shares of NASDAQ:ATNI opened at $25.66 on Thursday. ATN International, Inc. has a fifty-two week low of $13.86 and a fifty-two week high of $30.45. The business has a 50-day simple moving average of $27.24 and a two-hundred day simple moving average of $25.54. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.16 and a current ratio of 1.21. The firm has a market cap of $394.65 million, a price-to-earnings ratio of -25.92, a price-to-earnings-growth ratio of 3.60 and a beta of 0.54.

ATN International (NASDAQ:ATNI) last issued its earnings results 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 business had revenue of $182.22 million during the quarter, compared to analysts’ expectations of $183.40 million. On average, analysts expect that ATN International, Inc. will post 0.74 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Weiss Ratings raised ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Wall Street Zen lowered ATN International from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

Institutional Investors Weigh In On ATN International

A number of large investors have recently made changes to their positions in ATNI. Brown Brothers Harriman & Co. grew its stake in shares of ATN International by 5.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 662,544 shares of the technology company’s stock valued at $9,918,000 after purchasing an additional 35,394 shares during the period. Marshall Wace LLP grew its stake in shares of ATN International by 137.9% during the 2nd quarter. Marshall Wace LLP now owns 47,804 shares of the technology company’s stock valued at $777,000 after purchasing an additional 27,714 shares during the period. Hillsdale Investment Management Inc. bought a new stake in shares of ATN International during the 4th quarter valued at about $479,000. Segall Bryant & Hamill LLC bought a new stake in shares of ATN International during the 4th quarter valued at about $448,000. Finally, Gamco Investors INC. ET AL grew its stake in shares of ATN International by 17.1% during the 2nd quarter. Gamco Investors INC. ET AL now owns 70,221 shares of the technology company’s stock valued at $1,141,000 after purchasing an additional 10,253 shares during the period. 65.50% of the stock is currently owned by institutional investors.

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.