ATN International, Inc. (NASDAQ:ATNI)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $55.52 and last traded at $55.65, with a volume of 35,936 shares changing hands. The stock had previously closed at $58.21.
Several equities analysts have recently commented on ATNI shares. BidaskClub upgraded ATN International from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. TheStreet downgraded ATN International from a “b-” rating to a “c+” rating in a research report on Wednesday, May 17th. Sidoti started coverage on ATN International in a research report on Friday, June 2nd. They issued a “buy” rating on the stock. Zacks Investment Research downgraded ATN International from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, BWS Financial lowered their price objective on ATN International from $64.00 to $57.00 and set a “hold” rating on the stock in a research report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $67.00.
The company’s 50-day moving average is $60.44 and its 200 day moving average is $66.62. The firm has a market cap of $885.16 million, a price-to-earnings ratio of 40.79 and a beta of 0.68.
In other news, SVP Leonard Q. Slap sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $62.00, for a total transaction of $62,000.00. Following the sale, the senior vice president now directly owns 26,645 shares in the company, valued at approximately $1,651,990. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 32.70% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the company. First Mercantile Trust Co. grew its position in shares of ATN International by 1.4% during the 2nd quarter. First Mercantile Trust Co. now owns 1,456 shares of the technology company’s stock valued at $100,000 after acquiring an additional 20 shares during the period. Strs Ohio lifted its stake in ATN International by 5.9% in the 2nd quarter. Strs Ohio now owns 3,600 shares of the technology company’s stock valued at $246,000 after buying an additional 200 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in ATN International by 51.4% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 3,680 shares of the technology company’s stock valued at $252,000 after buying an additional 1,250 shares in the last quarter. SG Americas Securities LLC lifted its stake in ATN International by 157.2% in the 2nd quarter. SG Americas Securities LLC now owns 4,043 shares of the technology company’s stock valued at $277,000 after buying an additional 2,471 shares in the last quarter. Finally, OppenheimerFunds Inc. lifted its stake in ATN International by 50.6% in the 1st quarter. OppenheimerFunds Inc. now owns 5,014 shares of the technology company’s stock valued at $353,000 after buying an additional 1,684 shares in the last quarter. Hedge funds and other institutional investors own 59.22% of the company’s stock.
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ATN International Company Profile
ATN International, Inc (ATN), formerly Atlantic Tele-Network, Inc, is a holding company. The Company’s segments include U.S. Telecom, International Telecom and Renewable Energy. In the United States, it provides wholesale wireless voice and data roaming services in rural markets to national, regional, local and selected international wireless carriers.
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