Key Points
- Major shareholder Cornelius Prior Jr. sold 4,500 ATN International shares at an average price of $31.03, generating $139,635. After the transaction, he retained 25,541 shares valued at approximately $792,537.
- ATN International shares were trading at $28.73, down 1.5%, with the stock near its 12-month high of $33.41 and a market capitalization of about $442 million.
- Institutional investors own 65.5% of the company, while analyst sentiment remains mixed but improved recently; MarketBeat reports an overall consensus rating of “Hold.”
ATN International, Inc. (NASDAQ:ATNI - Get Free Report) major shareholder Cornelius Prior, Jr. sold 4,500 shares of ATN International stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $31.03, for a total value of $139,635.00. Following the sale, the insider directly owned 25,541 shares in the company, valued at approximately $792,537.23. This trade represents a 14.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
ATN International Trading Down 1.5%
Shares of ATNI opened at $28.73 on Friday. The stock's 50-day moving average price is $28.20 and its 200 day moving average price is $27.28. The company has a quick ratio of 1.59, a current ratio of 1.63 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $442.44 million, a price-to-earnings ratio of 2.79, a P/E/G ratio of 3.74 and a beta of 0.59. ATN International, Inc. has a 12-month low of $13.86 and a 12-month high of $33.41.
Institutional Trading of ATN International
Large investors have recently bought and sold shares of the stock. Legal & General Group Plc acquired a new position in ATN International during the second quarter worth $25,000. Bank of New York Mellon Corp boosted its stake in shares of ATN International by 0.9% in the 1st quarter. Bank of New York Mellon Corp now owns 122,634 shares of the technology company's stock valued at $3,338,000 after purchasing an additional 1,132 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of ATN International in the 2nd quarter worth about $217,000. Canada Pension Plan Investment Board bought a new stake in shares of ATN International in the 2nd quarter worth about $220,000. Finally, Segall Bryant & Hamill LLC increased its position in shares of ATN International by 49.3% during the 1st 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 in the last quarter. 65.50% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
ATNI has been the subject of several research reports. Weiss Ratings raised ATN International from a "hold (c-)" rating to a "hold (c+)" rating in a research report on Friday, August 21st. Wall Street Zen raised shares of ATN International from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 12th. Finally, Zacks Research upgraded shares of ATN International from a "strong sell" rating to a "hold" rating in a research note on Monday, August 10th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of "Hold".
Read Our Latest Analysis on ATN International
About ATN International
(
Get Free Report)
ATN International, Inc is a telecommunications company that provides wireless and wireline communications services in rural and underserved markets. Its offerings include mobile and fixed wireless connectivity, broadband internet, voice services, fiber and enterprise connectivity, managed information technology services, wholesale telecommunications, and related infrastructure services.
The company serves customers in selected markets across the United States and the Caribbean. Its operations have included telecommunications networks and broadband services in Alaska and other rural U.S.
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