Insider Selling: ATN International (NASDAQ:ATNI) Major Shareholder Sells $26,250.00 in Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 1,000 shares of ATN International stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $26.25, for a total value of $26,250.00. Following the completion of the sale, the insider owned 193,000 shares of the company’s stock, valued at $5,066,250. The trade was a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

ATN International Price Performance

NASDAQ ATNI opened at $25.66 on Thursday. ATN International, Inc. has a one year low of $13.86 and a one year high of $30.45. The stock has a 50-day moving average of $27.24 and a 200 day moving average of $25.54. The company has a market capitalization of $394.65 million, a price-to-earnings ratio of -25.92, a PEG ratio of 3.60 and a beta of 0.54. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.16 and a current ratio of 1.21.

ATN International (NASDAQ:ATNI) last released 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). The business had revenue of $182.22 million during the quarter, compared to the consensus estimate 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, sell-side analysts forecast that ATN International, Inc. will post 0.74 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ATNI. Brown Brothers Harriman & Co. lifted its holdings in ATN International by 5.6% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 662,544 shares of the technology company’s stock worth $9,918,000 after purchasing an additional 35,394 shares in the last quarter. Marshall Wace LLP lifted its holdings in ATN International by 137.9% in the 2nd quarter. Marshall Wace LLP now owns 47,804 shares of the technology company’s stock worth $777,000 after purchasing an additional 27,714 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new position in ATN International in the 4th quarter worth approximately $479,000. Segall Bryant & Hamill LLC purchased a new position in ATN International in the 4th quarter worth approximately $448,000. Finally, Gamco Investors INC. ET AL lifted its holdings in ATN International by 17.1% in the 2nd quarter. Gamco Investors INC. ET AL now owns 70,221 shares of the technology company’s stock worth $1,141,000 after purchasing an additional 10,253 shares in the last quarter. 65.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ATNI has been the subject of a number of recent research reports. Weiss Ratings upgraded ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Wall Street Zen downgraded ATN International from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, ATN International presently has an average rating of “Hold”.

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.