ATN International (NASDAQ:ATNI) Major Shareholder Cornelius Prior, Jr. Sells 3,500 Shares

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $27.02, for a total transaction of $94,570.00. Following the completion of the transaction, the insider directly owned 182,500 shares in the company, valued at approximately $4,931,150. The trade was a 1.88% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

ATN International Price Performance

ATNI stock opened at $27.63 on Tuesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.16 and a current ratio of 1.21. The business has a 50-day simple moving average of $27.29 and a two-hundred day simple moving average of $25.47. The company has a market capitalization of $424.95 million, a P/E ratio of -27.91, a price-to-earnings-growth ratio of 3.83 and a beta of 0.54. ATN International, Inc. has a 52-week low of $13.86 and a 52-week high of $30.45.

ATN International (NASDAQ:ATNI) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported ($0.18) EPS for the quarter, missing the consensus estimate 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 company had revenue of $182.22 million during the quarter, compared to analysts’ expectations of $183.40 million. Research analysts expect that ATN International, Inc. will post 0.74 EPS for the current fiscal year.

Key Headlines Impacting ATN International

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

• Negative Sentiment: Cornelius B. Prior, Jr. sold 19,100 shares at an average price of $27.96, reducing his stake by 17.84%. SEC filing
• Negative Sentiment: Additional insider sales followed in multiple smaller transactions in June and May, including sales of 2,000, 6,000, 12,610, 17,500, and other shares, suggesting a sustained pattern of reducing ownership. SEC filing
• Neutral Sentiment: The sales were executed at prices mostly in the $26.25 to $28.30 range, near where the stock has recently been trading, so the transactions may also reflect portfolio rebalancing or profit-taking rather than a fundamental shift. SEC filing

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ATNI shares. Weiss Ratings upgraded shares of ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a research note 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 analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Institutional Investors Weigh In On ATN International

Large investors have recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its holdings 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 worth $3,338,000 after buying an additional 1,132 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in 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 buying an additional 2,397 shares during the last quarter. Gamco Investors INC. ET AL raised its position in ATN International by 9.6% in the third quarter. Gamco Investors INC. ET AL now owns 76,936 shares of the technology company’s stock worth $1,152,000 after acquiring an additional 6,715 shares during the period. Strs Ohio bought a new stake in ATN International in the first quarter worth about $138,000. Finally, Segall Bryant & Hamill LLC boosted its stake in ATN International by 49.3% in the first quarter. Segall Bryant & Hamill LLC now owns 29,341 shares of the technology company’s stock valued at $799,000 after acquiring an additional 9,684 shares during the last quarter. 65.50% of the stock is owned by hedge funds and other institutional investors.

ATN International Company Profile

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.