Gabelli Funds LLC Purchases 68,407 Shares of ATN International, Inc. $ATNI

Gabelli Funds LLC lifted its holdings in ATN International, Inc. (NASDAQ:ATNI) by 54.7% in the second quarter, HoldingsChannel reports. The firm owned 193,407 shares of the technology company’s stock after purchasing an additional 68,407 shares during the quarter. Gabelli Funds LLC’s holdings in ATN International were worth $3,143,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. raised its holdings in ATN International by 357.2% during the 1st quarter. Russell Investments Group Ltd. now owns 4,229 shares of the technology company’s stock valued at $86,000 after buying an additional 3,304 shares during the period. Keeley Teton Advisors LLC grew its stake in ATN International by 36.4% in the first quarter. Keeley Teton Advisors LLC now owns 31,954 shares of the technology company’s stock worth $649,000 after purchasing an additional 8,525 shares in the last quarter. Strs Ohio purchased a new position in shares of ATN International during the first quarter valued at $138,000. Marshall Wace LLP boosted 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 purchasing an additional 27,714 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its position in 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 purchasing an additional 10,253 shares in the last quarter. 65.50% of the stock is owned by institutional investors.

ATN International Stock Performance

ATNI opened at $21.41 on Thursday. The company has a current ratio of 1.26, a quick ratio of 1.21 and a debt-to-equity ratio of 1.01. The firm’s 50-day moving average price is $17.54 and its 200 day moving average price is $16.70. The firm has a market capitalization of $326.72 million, a PE ratio of -23.02 and a beta of 0.53. ATN International, Inc. has a twelve month low of $13.76 and a twelve month high of $23.60.

ATN International (NASDAQ:ATNI) last announced its quarterly earnings data on Thursday, November 6th. The technology company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.24. ATN International had a positive return on equity of 0.13% and a negative net margin of 1.11%.The firm had revenue of $183.17 million for the quarter, compared to the consensus estimate of $182.40 million. As a group, sell-side analysts expect that ATN International, Inc. will post -0.73 EPS for the current fiscal year.

ATN International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 7th. Stockholders of record on Tuesday, September 30th were paid a $0.275 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $1.10 annualized dividend and a dividend yield of 5.1%. ATN International’s dividend payout ratio is -118.28%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ATNI shares. Weiss Ratings reissued a “sell (d+)” rating on shares of ATN International in a report on Monday. Zacks Research raised ATN International from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. Finally, Wall Street Zen raised shares of ATN International from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, ATN International has a consensus rating of “Reduce” and an average target price of $22.00.

About ATN International

ATN International, Inc, through its subsidiaries, engages in the provision of digital infrastructure and communications services to residential, business, and government customers in the United States and internationally. The company operates through International Telecom and US Telecom segments. The company offers mobile, data, voice, broadband, and fixed services; handsets and accessories; and wholesale roaming, long distance voice services, and site maintenance services.