Cornelius Prior, Jr. Sells 19,100 Shares of ATN International (NASDAQ:ATNI) Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 19,100 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $27.96, for a total transaction of $534,036.00. Following the transaction, the insider owned 87,936 shares in the company, valued at approximately $2,458,690.56. This represents a 17.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

ATN International Trading Down 3.5%

ATN International stock opened at $26.66 on Wednesday. The company’s fifty day simple moving average is $27.27 and its 200-day simple moving average is $25.51. The company has a quick ratio of 1.16, a current ratio of 1.21 and a debt-to-equity ratio of 1.01. ATN International, Inc. has a 12 month low of $13.86 and a 12 month high of $30.45. The stock has a market cap of $410.03 million, a P/E ratio of -26.93, a P/E/G ratio of 3.73 and a beta of 0.54.

ATN International (NASDAQ:ATNI) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. As a group, sell-side analysts forecast that ATN International, Inc. will post 0.74 EPS for the current fiscal year.

ATN International News Summary

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

Institutional Investors Weigh In On ATN International

Hedge funds have recently bought and sold shares of the company. Strs Ohio bought a new stake in ATN International during the first quarter valued at about $138,000. Segall Bryant & Hamill LLC bought a new stake in ATN International during the fourth quarter valued at about $448,000. Hillsdale Investment Management Inc. bought a new stake in ATN International during the fourth quarter valued at about $479,000. Ameriprise Financial Inc. boosted 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 valued at $583,000 after acquiring an additional 2,397 shares during the period. Finally, Marshall Wace LLP boosted its holdings in 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 acquiring an additional 27,714 shares during the period. 65.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ATNI. Wall Street Zen cut shares of ATN International from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Weiss Ratings upgraded shares of ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company 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.