Insider Selling: ATN International (NASDAQ:ATNI) Major Shareholder Sells $54,500.00 in Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 2,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $27.25, for a total transaction of $54,500.00. Following the completion of the sale, the insider directly owned 180,500 shares of the company’s stock, valued at $4,918,625. This trade represents a 1.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

ATN International Price Performance

NASDAQ ATNI opened at $25.66 on Thursday. The company has a 50 day simple moving average of $27.24 and a 200-day simple moving average of $25.54. 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 firm has a market capitalization 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, Inc. has a 52-week low of $13.86 and a 52-week high of $30.45.

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

Hedge Funds Weigh In On ATN International

Institutional investors have recently modified their holdings of the company. Strs Ohio bought a new position in shares of ATN International in the first quarter valued at approximately $138,000. Segall Bryant & Hamill LLC bought a new position in shares of ATN International in the fourth quarter valued at approximately $448,000. Hillsdale Investment Management Inc. bought a new position in shares of ATN International in the fourth quarter valued at approximately $479,000. Ameriprise Financial Inc. raised its position in shares of ATN International by 7.2% in the second quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company’s stock valued at $583,000 after purchasing an additional 2,397 shares during the period. Finally, Marshall Wace LLP raised its position in shares of 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 purchasing an additional 27,714 shares during the period. Institutional investors own 65.50% of the company’s stock.

Analyst Upgrades and Downgrades

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