ATN International Inc (NASDAQ:ATNI) CFO Justin D. Benincasa sold 6,106 shares of the stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $59.01, for a total value of $360,315.06. Following the sale, the chief financial officer now directly owns 57,396 shares of the company’s stock, valued at $3,386,937.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of ATN International stock traded down $0.67 during mid-day trading on Thursday, reaching $59.75. The company’s stock had a trading volume of 62,154 shares, compared to its average volume of 101,732. ATN International Inc has a 52-week low of $49.50 and a 52-week high of $74.66. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.03 and a current ratio of 2.12. The company has a market capitalization of $966.01, a price-to-earnings ratio of 30.76 and a beta of 0.49.
ATN International (NASDAQ:ATNI) last released its earnings results on Wednesday, February 21st. The technology company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.87. ATN International had a return on equity of 4.38% and a net margin of 6.54%. The company had revenue of $107.70 million during the quarter, compared to analyst estimates of $102.81 million. equities analysts expect that ATN International Inc will post -0.09 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 6th. Stockholders of record on Saturday, March 31st will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Wednesday, March 28th. ATN International’s dividend payout ratio (DPR) is presently 34.69%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC bought a new stake in shares of ATN International in the 4th quarter valued at about $263,000. Municipal Employees Retirement System of Michigan increased its holdings in ATN International by 44.6% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 5,320 shares of the technology company’s stock valued at $281,000 after purchasing an additional 1,640 shares during the period. SG Americas Securities LLC increased its holdings in ATN International by 29.3% during the 4th quarter. SG Americas Securities LLC now owns 6,160 shares of the technology company’s stock valued at $340,000 after purchasing an additional 1,396 shares during the period. Alps Advisors Inc. purchased a new position in ATN International during the 3rd quarter valued at about $453,000. Finally, Arizona State Retirement System increased its holdings in ATN International by 218.2% during the 4th quarter. Arizona State Retirement System now owns 18,304 shares of the technology company’s stock valued at $1,011,000 after purchasing an additional 12,551 shares during the period. 62.47% of the stock is owned by institutional investors.
Several equities analysts have recently weighed in on ATNI shares. TheStreet upgraded ATN International from a “d+” rating to a “c-” rating in a research report on Monday, January 8th. BidaskClub lowered ATN International from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Sidoti raised ATN International from a “neutral” rating to a “buy” rating and set a $70.00 price objective for the company in a research note on Monday, January 8th. Finally, ValuEngine lowered ATN International from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $63.50.
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ATN International Company Profile
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.
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