ATN International (NASDAQ:ATNI) Major Shareholder Sells $31,750.00 in Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 1,000 shares of ATN International stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $31.75, for a total value of $31,750.00. Following the transaction, the insider directly owned 57,665 shares of the company’s stock, valued at approximately $1,830,863.75. This represents a 1.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

ATN International Stock Down 0.6%

ATN International stock opened at $30.95 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.59 and a current ratio of 1.63. The firm has a market capitalization of $476.72 million, a price-to-earnings ratio of 3.01, a price-to-earnings-growth ratio of 3.99 and a beta of 0.56. ATN International, Inc. has a fifty-two week low of $13.86 and a fifty-two week high of $33.41. The stock’s fifty day moving average is $26.42 and its two-hundred day moving average is $26.88.

ATN International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.29 per share. This is an increase from ATN International’s previous quarterly dividend of $0.28. The ex-dividend date was Tuesday, June 30th. This represents a $1.16 annualized dividend and a yield of 3.7%. ATN International’s payout ratio is 11.28%.

Analysts Set New Price Targets

Several brokerages have issued reports on ATNI. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of ATN International in a report on Friday, August 7th. Wall Street Zen raised shares of ATN International from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Zacks Research upgraded ATN International from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Institutional Trading of ATN International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc acquired a new position in ATN International in the 2nd quarter valued at about $25,000. Strs Ohio purchased a new position in ATN International in the 1st quarter valued at about $138,000. Meeder Asset Management Inc. acquired a new stake in shares of ATN International during the 2nd quarter worth about $217,000. Canada Pension Plan Investment Board acquired a new stake in shares of ATN International during the 2nd quarter worth about $220,000. Finally, Deutsche Bank AG purchased a new stake in shares of ATN International during the second quarter worth about $262,000. Hedge funds and other institutional investors own 65.50% of the company’s stock.

ATN International Company Profile

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.