ATN International (NASDAQ:ATNI) Major Shareholder Cornelius Prior, Jr. Sells 6,000 Shares

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 6,000 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $25.73, for a total value of $154,380.00. Following the completion of the sale, the insider owned 194,000 shares in the company, valued at $4,991,620. This represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

ATN International Price Performance

NASDAQ:ATNI opened at $27.63 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 1.16 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $424.95 million, a P/E ratio of -27.91, a P/E/G ratio of 3.83 and a beta of 0.54. ATN International, Inc. has a 12 month low of $13.86 and a 12 month high of $30.45. The business’s 50-day moving average is $27.29 and its 200 day moving average is $25.47.

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

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ATNI. Strs Ohio bought a new position in shares of ATN International during the first quarter valued at approximately $138,000. Marshall Wace LLP grew its stake in shares of ATN International by 137.9% during the second 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 last quarter. Gamco Investors INC. ET AL grew its stake in shares of ATN International by 17.1% during the second quarter. Gamco Investors INC. ET AL now owns 70,221 shares of the technology company’s stock valued at $1,141,000 after buying an additional 10,253 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of ATN International by 7.2% during the second quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company’s stock valued at $583,000 after buying an additional 2,397 shares during the last quarter. Finally, Brown Brothers Harriman & Co. grew its stake 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 valued at $9,918,000 after buying an additional 35,394 shares during the last quarter. Institutional investors own 65.50% of the company’s stock.

More ATN International News

Here are the key news stories impacting ATN International this week:

• Negative Sentiment: Cornelius B. Prior, Jr. disclosed multiple share sales across late May and June, including a larger June 12 sale of 19,100 shares and additional sales of 12,610, 17,500, 6,000, 2,500, 3,500, 2,854, 2,000 and 1,000 shares. The repeated reductions in ownership may pressure the stock by signaling insider caution or profit-taking. SEC filing
• Neutral Sentiment: The shares were sold mostly in the $25.73 to $28.30 range, close to ATNI’s recent trading levels, which could indicate portfolio rebalancing rather than a major change in fundamentals. SEC filing
• Neutral Sentiment: ATN International’s latest earnings report was mixed: revenue came in roughly in line with expectations, but EPS missed estimates. That backdrop keeps investors cautious, though the company still has a relatively low beta and trades near its recent moving averages. ATNI stock overview

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.