Cornelius Prior, Jr. Sells 500 Shares of ATN International (NASDAQ:ATNI) Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 500 shares of the company’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $27.10, for a total transaction of $13,550.00. Following the sale, the insider owned 86,436 shares in the company, valued at $2,342,415.60. This represents a 0.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

ATN International Trading Down 4.3%

Shares of NASDAQ ATNI opened at $26.49 on Wednesday. ATN International, Inc. has a 1-year low of $13.86 and a 1-year high of $30.45. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.21 and a quick ratio of 1.16. The business’s 50 day moving average is $27.18 and its two-hundred day moving average is $25.87. The stock has a market capitalization of $407.42 million, a P/E ratio of -26.76, a PEG ratio of 3.74 and a beta of 0.54.

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

ATN International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Tuesday, June 30th will be given a $0.29 dividend. This is a boost from ATN International’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Tuesday, June 30th. ATN International’s dividend payout ratio is -111.11%.

Analyst Ratings Changes

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

Institutional Trading of ATN International

A number of large investors have recently made changes to their positions in the stock. Strs Ohio bought a new position in shares of ATN International in the first quarter worth about $138,000. Marshall Wace LLP boosted its position in ATN International by 137.9% in the 2nd quarter. Marshall Wace LLP now owns 47,804 shares of the technology company’s stock valued at $777,000 after buying an additional 27,714 shares during the period. Gamco Investors INC. ET AL grew its stake in ATN International by 17.1% in the 2nd quarter. Gamco Investors INC. ET AL now owns 70,221 shares of the technology company’s stock worth $1,141,000 after acquiring an additional 10,253 shares in the last quarter. Ameriprise Financial Inc. grew its stake in ATN International by 7.2% in the 2nd 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. Finally, Brown Brothers Harriman & Co. increased its position in shares of ATN International by 5.6% during the third quarter. Brown Brothers Harriman & Co. now owns 662,544 shares of the technology company’s stock worth $9,918,000 after acquiring an additional 35,394 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.