Boston Partners increased its holdings in Atento (NYSE:ATTO) by 23.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 422,948 shares of the business services provider’s stock after purchasing an additional 79,405 shares during the period. Boston Partners owned approximately 0.57% of Atento worth $3,299,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of ATTO. TimesSquare Capital Management LLC bought a new stake in Atento in the fourth quarter worth $20,787,000. Monashee Investment Management LLC acquired a new position in Atento during the 4th quarter worth $7,816,000. Prince Street Capital Management LLC acquired a new position in Atento during the 4th quarter worth $7,034,000. Verde Servicos Internacionais S.A. acquired a new position in Atento during the 4th quarter worth $5,015,000. Finally, Acadian Asset Management LLC lifted its position in Atento by 84.0% during the 4th quarter. Acadian Asset Management LLC now owns 1,032,432 shares of the business services provider’s stock worth $10,480,000 after acquiring an additional 471,284 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.
A number of research firms have weighed in on ATTO. ValuEngine lowered shares of Atento from a “buy” rating to a “hold” rating in a research report on Thursday, March 22nd. Goldman Sachs began coverage on shares of Atento in a research report on Tuesday, April 3rd. They set a “neutral” rating and a $10.50 target price for the company. Barrington Research set a $14.00 target price on shares of Atento and gave the stock a “buy” rating in a research report on Friday, May 4th. Robert W. Baird cut their target price on shares of Atento from $14.00 to $12.00 and set an “outperform” rating for the company in a research report on Wednesday, March 21st. Finally, Zacks Investment Research lowered shares of Atento from a “hold” rating to a “sell” rating in a research report on Tuesday, March 13th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $12.70.
Atento stock opened at $7.65 on Friday. The firm has a market cap of $561.71 million, a price-to-earnings ratio of 10.20, a PEG ratio of 0.61 and a beta of 0.09. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.47 and a quick ratio of 1.47. Atento has a fifty-two week low of $6.68 and a fifty-two week high of $12.90.
Atento (NYSE:ATTO) last released its earnings results on Monday, May 7th. The business services provider reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.07). The firm had revenue of $490.40 million for the quarter, compared to analyst estimates of $473.67 million. Atento had a positive return on equity of 12.91% and a negative net margin of 1.43%. equities analysts forecast that Atento will post 0.83 earnings per share for the current fiscal year.
Atento SA, together with its subsidiaries, provides customer relationship management and business process outsourcing services and solutions in Brazil, the Americas, Europe, the Middle East, and Africa. It offers a range of front and back-end services, including sales, customer care, collections, back office, applications-processing, credit-management, and technical support services.
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