SG Americas Securities LLC lifted its holdings in ATN International Inc (NASDAQ:ATNI) by 10.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,549 shares of the technology company’s stock after purchasing an additional 3,090 shares during the quarter. SG Americas Securities LLC owned 0.20% of ATN International worth $1,665,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Piedmont Investment Advisors LLC bought a new stake in shares of ATN International in the second quarter worth $133,000. Alps Advisors Inc. bought a new stake in ATN International during the second quarter worth $475,000. Aperio Group LLC bought a new stake in ATN International during the first quarter worth $831,000. Tibra Equities Europe Ltd bought a new stake in ATN International during the first quarter worth $1,398,000. Finally, Eagle Boston Investment Management Inc. bought a new stake in ATN International during the first quarter worth $2,275,000. 65.92% of the stock is currently owned by institutional investors and hedge funds.

In other ATN International news, insider Michael T. Prior sold 2,000 shares of the company’s stock in a transaction on Monday, June 11th. The shares were sold at an average price of $55.48, for a total value of $110,960.00. Following the transaction, the insider now directly owns 402,624 shares in the company, valued at $22,337,579.52. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael T. Prior sold 2,400 shares of the company’s stock in a transaction on Wednesday, June 13th. The shares were sold at an average price of $53.38, for a total transaction of $128,112.00. Following the completion of the transaction, the insider now owns 402,624 shares in the company, valued at $21,492,069.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,400 shares of company stock worth $619,322. Corporate insiders own 32.80% of the company’s stock.

ATNI has been the topic of several analyst reports. Raymond James lowered shares of ATN International from an “outperform” rating to a “market perform” rating and set a $69.00 price target on the stock. in a research report on Friday, July 27th. They noted that the move was a valuation call. ValuEngine raised shares of ATN International from a “sell” rating to a “hold” rating in a research report on Thursday, July 26th. Zacks Investment Research raised shares of ATN International from a “sell” rating to a “hold” rating in a research report on Wednesday, June 27th. Finally, BidaskClub raised shares of ATN International from a “sell” rating to a “hold” rating in a research report on Thursday, May 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. ATN International currently has an average rating of “Hold” and a consensus price target of $61.33.

NASDAQ ATNI opened at $72.21 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.63 and a current ratio of 1.68. ATN International Inc has a 1 year low of $49.34 and a 1 year high of $75.94. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 33.12 and a beta of 0.61.

ATN International (NASDAQ:ATNI) last released its quarterly earnings data on Wednesday, July 25th. The technology company reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.65. ATN International had a net margin of 4.51% and a return on equity of 3.10%. The firm had revenue of $117.79 million for the quarter, compared to the consensus estimate of $106.01 million. equities research analysts anticipate that ATN International Inc will post -0.1 EPS for the current year.

ATN International Company Profile

ATN International, Inc, through its subsidiaries, provides wireless and wireline telecommunications services in North America, Bermuda, and the Caribbean. It operates through U.S. Telecom, International Telecom, and Renewable Energy segments. The company offers wholesale wireless voice and data roaming services; wireline local telephone and data, video, and long-distance voice services; and facilities-based integrated voice and data communications, and wholesale transport services to enterprise and residential customers.

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Institutional Ownership by Quarter for ATN International (NASDAQ:ATNI)

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