Alps Advisors Inc. Buys New Position in ATN International, Inc. (NASDAQ:ATNI)

Alps Advisors Inc. acquired a new stake in shares of ATN International, Inc. (NASDAQ:ATNI) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 8,601 shares of the technology company’s stock, valued at approximately $453,000. Alps Advisors Inc. owned 0.05% of ATN International at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of ATNI. First Mercantile Trust Co. increased its holdings in shares of ATN International by 1.4% in the second quarter. First Mercantile Trust Co. now owns 1,456 shares of the technology company’s stock worth $100,000 after acquiring an additional 20 shares in the last quarter. Strs Ohio increased its holdings in shares of ATN International by 5.9% in the second quarter. Strs Ohio now owns 3,600 shares of the technology company’s stock worth $246,000 after acquiring an additional 200 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in shares of ATN International by 51.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 3,680 shares of the technology company’s stock worth $252,000 after acquiring an additional 1,250 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of ATN International by 157.2% in the second quarter. SG Americas Securities LLC now owns 4,043 shares of the technology company’s stock worth $277,000 after acquiring an additional 2,471 shares in the last quarter. Finally, Nationwide Fund Advisors increased its holdings in shares of ATN International by 2.2% in the second quarter. Nationwide Fund Advisors now owns 8,347 shares of the technology company’s stock worth $571,000 after acquiring an additional 180 shares in the last quarter. 58.37% of the stock is currently owned by institutional investors.

In other news, VP William F. Kreisher sold 2,000 shares of ATN International stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $54.61, for a total value of $109,220.00. Following the completion of the transaction, the vice president now directly owns 46,722 shares of the company’s stock, valued at approximately $2,551,488.42. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Justin D. Benincasa sold 4,179 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $59.72, for a total value of $249,569.88. Following the completion of the sale, the chief financial officer now directly owns 59,526 shares of the company’s stock, valued at $3,554,892.72. The disclosure for this sale can be found here. 32.70% of the stock is currently owned by insiders.

Several research analysts have recently weighed in on ATNI shares. TheStreet cut ATN International from a “c” rating to a “d+” rating in a research report on Tuesday, October 31st. ValuEngine raised ATN International from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Sidoti cut ATN International from a “buy” rating to a “neutral” rating and reduced their price target for the company from $73.00 to $57.00 in a research report on Tuesday, October 3rd. Finally, Zacks Investment Research raised ATN International from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Five research analysts have rated the stock with a hold rating, ATN International currently has an average rating of “Hold” and an average target price of $57.00.

ATN International, Inc. (NASDAQ ATNI) traded down $2.44 during trading on Wednesday, reaching $55.54. The company’s stock had a trading volume of 96,781 shares, compared to its average volume of 75,875. ATN International, Inc. has a 12-month low of $49.50 and a 12-month high of $87.82. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.84 and a current ratio of 1.93. The company has a market cap of $953.79, a price-to-earnings ratio of 36.09 and a beta of 0.61.

ATN International (NASDAQ:ATNI) last released its quarterly earnings data on Monday, October 30th. The technology company reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.18. The company had revenue of $122.13 million for the quarter, compared to the consensus estimate of $123.92 million. ATN International had a positive return on equity of 3.34% and a negative net margin of 1.93%. equities analysts expect that ATN International, Inc. will post -0.93 earnings per share for the current year.

WARNING: “Alps Advisors Inc. Buys New Position in ATN International, Inc. (NASDAQ:ATNI)” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be accessed at https://ledgergazette.com/2017/12/07/alps-advisors-inc-purchases-new-position-in-atn-international-inc-atni.html.

About ATN International

ATN International, Inc (ATN), formerly Atlantic Tele-Network, Inc, is a holding company. The Company’s segments include U.S. Telecom, International Telecom and Renewable Energy. In the United States, it provides wholesale wireless voice and data roaming services in rural markets to national, regional, local and selected international wireless carriers.

Institutional Ownership by Quarter for ATN International (NASDAQ:ATNI)

Receive News & Ratings for ATN International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ATN International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply