Cornelius Prior, Jr. Sells 2,000 Shares of ATN International (NASDAQ:ATNI) Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $27.25, for a total transaction of $54,500.00. Following the transaction, the insider directly owned 180,500 shares in the company, valued at approximately $4,918,625. This trade represents a 1.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

ATN International Stock Down 3.5%

Shares of NASDAQ ATNI opened at $26.66 on Wednesday. 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 firm has a market capitalization of $410.03 million, a price-to-earnings ratio of -26.93, a PEG ratio of 3.73 and a beta of 0.54. The stock has a 50 day moving average price of $27.27 and a 200 day moving average price of $25.51. ATN International, Inc. has a 52-week low of $13.86 and a 52-week high of $30.45.

ATN International (NASDAQ:ATNI) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.30). The firm 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%. Sell-side analysts expect that ATN International, Inc. will post 0.74 earnings per share for the current year.

Key ATN International News

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

Analyst Ratings Changes

ATNI has been the subject of a number of research reports. Weiss Ratings raised 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 downgraded shares of ATN International from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, ATN International has a consensus rating of “Hold”.

Institutional Investors Weigh In On ATN International

A number of hedge funds and other institutional investors have recently bought and sold shares of ATNI. Bank of New York Mellon Corp boosted its stake in ATN International by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 122,634 shares of the technology company’s stock valued at $3,338,000 after acquiring an additional 1,132 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of 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 purchasing an additional 2,397 shares in the last quarter. Gamco Investors INC. ET AL lifted its holdings in shares of ATN International by 9.6% during the 3rd quarter. Gamco Investors INC. ET AL now owns 76,936 shares of the technology company’s stock valued at $1,152,000 after purchasing an additional 6,715 shares during the last quarter. Strs Ohio purchased a new stake in shares of ATN International during the 1st quarter valued at $138,000. Finally, Segall Bryant & Hamill LLC boosted its position in shares of ATN International by 49.3% in 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. Hedge funds and other institutional investors own 65.50% of the company’s stock.

About ATN International

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.