ATN International, Inc. (NASDAQ:ATNI) Sees Significant Drop in Short Interest

ATN International, Inc. (NASDAQ:ATNI) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 100,122 shares, a decrease of 19.1% from the December 15th total of 123,834 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 50,697 shares, the short-interest ratio is currently 2.0 days. Based on an average daily trading volume, of 50,697 shares, the short-interest ratio is currently 2.0 days. Currently, 0.7% of the company’s stock are short sold.

ATN International Stock Down 1.2%

ATN International stock traded down $0.27 during midday trading on Tuesday, reaching $22.27. The company’s stock had a trading volume of 7,288 shares, compared to its average volume of 43,848. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.26 and a quick ratio of 1.21. The stock has a market capitalization of $339.76 million, a P/E ratio of -23.94, a PEG ratio of 6.26 and a beta of 0.56. The stock’s 50-day simple moving average is $21.58 and its 200-day simple moving average is $18.02. ATN International has a 52-week low of $13.76 and a 52-week high of $23.75.

ATN International (NASDAQ:ATNI) last posted its quarterly earnings data on Thursday, November 6th. The technology company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.24. The firm had revenue of $183.17 million for the quarter, compared to the consensus estimate of $182.40 million. ATN International had a negative net margin of 1.11% and a positive return on equity of 0.13%. On average, sell-side analysts expect that ATN International will post -0.73 EPS for the current year.

ATN International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Wednesday, December 31st were issued a $0.275 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.9%. ATN International’s dividend payout ratio (DPR) is currently -118.28%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ATNI shares. Wall Street Zen upgraded ATN International from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings upgraded ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 12th. Finally, Zacks Research upgraded ATN International from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 30th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, ATN International has an average rating of “Hold” and an average target price of $22.00.

Institutional Investors Weigh In On ATN International

Large investors have recently made changes to their positions in the stock. Strs Ohio purchased a new position in ATN International in the 1st quarter worth $138,000. Ameriprise Financial Inc. increased its holdings 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. Marshall Wace LLP increased its holdings 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. Gamco Investors INC. ET AL raised its stake in shares of ATN International by 17.1% in the second quarter. Gamco Investors INC. ET AL now owns 70,221 shares of the technology company’s stock worth $1,141,000 after purchasing an additional 10,253 shares during the last quarter. Finally, Gabelli Funds LLC lifted its holdings in shares of ATN International by 54.7% during the second quarter. Gabelli Funds LLC now owns 193,407 shares of the technology company’s stock worth $3,143,000 after purchasing an additional 68,407 shares during the period. 65.50% of the stock is owned by hedge funds and other 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.