ATN International, Inc. (NASDAQ:ATNI) Short Interest Up 20.4% in March

ATN International, Inc. (NASDAQ:ATNI) was the target of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 137,437 shares, a growth of 20.4% from the February 26th total of 114,131 shares. Based on an average daily volume of 133,635 shares, the short-interest ratio is currently 1.0 days. Currently, 0.9% of the company’s shares are sold short.

ATN International Trading Up 0.8%

ATNI opened at $27.43 on Thursday. The firm’s fifty day moving average is $26.39 and its two-hundred day moving average is $21.46. The firm has a market cap of $421.60 million, a PE ratio of -19.73, a price-to-earnings-growth ratio of 4.39 and a beta of 0.53. ATN International has a twelve month low of $13.76 and a twelve month high of $30.45. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.19 and a current ratio of 1.25.

ATN International (NASDAQ:ATNI) last announced its quarterly earnings results on Thursday, March 5th. The technology company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. ATN International had a negative net margin of 2.05% and a negative return on equity of 0.52%. The company had revenue of $184.22 million during the quarter, compared to analyst estimates of $183.60 million. Equities research analysts anticipate that ATN International will post -0.73 EPS for the current year.

ATN International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Tuesday, March 31st will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, March 31st. ATN International’s payout ratio is presently -79.14%.

Wall Street Analyst Weigh In

ATNI has been the subject of a number of recent analyst reports. Weiss Ratings downgraded ATN International from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, March 17th. Wall Street Zen cut ATN International from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Institutional Investors Weigh In On ATN International

A number of hedge funds have recently modified their holdings of ATNI. Ameriprise Financial Inc. lifted its holdings in shares of ATN International by 7.2% during the 2nd 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 in the last quarter. Gamco Investors INC. ET AL increased its stake in ATN International by 9.6% during the 3rd 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 in the last quarter. Strs Ohio bought a new stake in ATN International during the 1st quarter worth approximately $138,000. Segall Bryant & Hamill LLC acquired a new stake in ATN International during the 4th quarter worth approximately $448,000. Finally, Hillsdale Investment Management Inc. bought a new position in ATN International in the fourth quarter valued at approximately $479,000. Institutional investors and hedge funds own 65.50% of the company’s stock.

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.