Key Points
- Cornelius Prior, Jr., a major shareholder of ATN International, sold 6,000 shares on May 7 at an average price of $25.73, totaling about $154,380. After the sale, he still owned 194,000 shares, reducing his stake by 3%.
- ATN International missed earnings expectations in its latest quarterly report, posting -$0.18 EPS versus the expected $0.12. Revenue also came in slightly below forecasts at $182.22 million.
- Analyst sentiment remains mixed but cautious, with ATN International holding a consensus rating of "Hold". Meanwhile, institutional investors own about 65.5% of the stock.
ATN International, Inc. (NASDAQ:ATNI - Get Free Report) major shareholder Cornelius Prior, Jr. sold 6,000 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $25.73, for a total transaction of $154,380.00. Following the completion of the sale, the insider directly owned 194,000 shares in the company, valued at $4,991,620. This trade represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
ATN International Stock Performance
ATN International stock opened at $26.66 on Wednesday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.21 and a quick ratio of 1.16. ATN International, Inc. has a 1-year low of $13.86 and a 1-year high of $30.45. The firm has a market capitalization of $410.03 million, a P/E ratio of -26.93, a price-to-earnings-growth ratio of 3.73 and a beta of 0.54. The company's 50-day moving average is $27.27 and its 200 day moving average is $25.51.
ATN International (NASDAQ:ATNI - Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.30). ATN International had a positive return on equity of 0.55% and a negative net margin of 1.20%.The firm had revenue of $182.22 million during the quarter, compared to analysts' expectations of $183.40 million. Research analysts forecast that ATN International, Inc. will post 0.74 EPS for the current year.
Analyst Upgrades and Downgrades
ATNI has been the topic of a number of recent analyst reports. Weiss Ratings raised 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 research report on Saturday, March 21st. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, ATN International presently has a consensus rating of "Hold".
Check Out Our Latest Stock Analysis on ATN International
Hedge Funds Weigh In On ATN International
A number of institutional investors have recently modified their holdings of ATNI. Strs Ohio purchased a new position in shares of ATN International during the first quarter worth approximately $138,000. Segall Bryant & Hamill LLC purchased a new position in shares of ATN International during the fourth quarter worth approximately $448,000. Hillsdale Investment Management Inc. purchased a new position in shares of ATN International during the fourth quarter worth approximately $479,000. Ameriprise Financial Inc. increased its position 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 worth $583,000 after acquiring an additional 2,397 shares during the period. Finally, Marshall Wace LLP increased its position 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 worth $777,000 after acquiring an additional 27,714 shares during the period. 65.50% of the stock is owned by hedge funds and other institutional investors.
More ATN International News
Here are the key news stories impacting ATN International this week:
- Negative Sentiment: Cornelius B. Prior, Jr. has sold shares in multiple recent transactions, including a 19,100-share sale and other smaller sales, reducing his ownership meaningfully. SEC filing
- Negative Sentiment: The selling pattern has been consistent across several dates in May and June, which may reinforce concerns that a large insider sees better value elsewhere or is trimming exposure. SEC filing
- Neutral Sentiment: The sale prices were clustered near the stock’s recent trading range, so the activity could also reflect portfolio rebalancing or routine liquidity management rather than a change in fundamentals. SEC filing
About ATN International
(
Get Free Report)
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.
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