Insider Selling: ATN International (NASDAQ:ATNI) Major Shareholder Sells $356,736.90 in Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 12,610 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $28.29, for a total value of $356,736.90. Following the transaction, the insider owned 115,036 shares in the company, valued at approximately $3,254,368.44. This represents a 9.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

ATN International Stock Performance

Shares of ATN International stock opened at $25.66 on Thursday. The firm has a market cap of $394.65 million, a P/E ratio of -25.92, a P/E/G ratio of 3.60 and a beta of 0.54. The company has a current ratio of 1.21, a quick ratio of 1.16 and a debt-to-equity ratio of 1.01. ATN International, Inc. has a 12 month low of $13.86 and a 12 month high of $30.45. The stock’s fifty day moving average price is $27.24 and its 200-day moving average price is $25.54.

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

Institutional Investors Weigh In On ATN International

Several institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its holdings in ATN International by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 122,634 shares of the technology company’s stock worth $3,338,000 after acquiring an additional 1,132 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in ATN International by 7.2% in the second quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company’s stock worth $583,000 after acquiring an additional 2,397 shares in the last quarter. Gamco Investors INC. ET AL lifted its holdings in shares of ATN International by 9.6% during the third quarter. Gamco Investors INC. ET AL now owns 76,936 shares of the technology company’s stock worth $1,152,000 after purchasing an additional 6,715 shares during the period. Strs Ohio acquired a new stake in shares of ATN International during the first quarter worth about $138,000. Finally, Segall Bryant & Hamill LLC lifted its holdings in shares of ATN International by 49.3% during the first quarter. Segall Bryant & Hamill LLC now owns 29,341 shares of the technology company’s stock worth $799,000 after purchasing an additional 9,684 shares during the period. Institutional investors and hedge funds own 65.50% of the company’s stock.

Analysts Set New Price Targets

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