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

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $27.30, for a total value of $54,600.00. Following the completion of the transaction, the insider directly owned 107,036 shares in the company, valued at $2,922,082.80. The trade was a 1.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

ATN International Trading Down 2.6%

ATNI stock opened at $27.63 on Tuesday. The business has a fifty day moving average price of $27.29 and a 200 day moving average price of $25.47. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.21 and a quick ratio of 1.16. ATN International, Inc. has a fifty-two week low of $13.86 and a fifty-two week high of $30.45. The stock has a market capitalization of $424.95 million, a price-to-earnings ratio of -27.91, a P/E/G ratio of 3.83 and a beta of 0.54.

ATN International (NASDAQ:ATNI) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported ($0.18) 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 analyst estimates of $183.40 million. ATN International had a positive return on equity of 0.55% and a negative net margin of 1.20%. Analysts expect that ATN International, Inc. will post 0.74 EPS for the current fiscal year.

Key Headlines Impacting ATN International

Here are the key news stories impacting ATN International this week:

• Negative Sentiment: Cornelius B. Prior, Jr. sold 19,100 shares at an average price of $27.96, reducing his stake by 17.84%. SEC filing
• Negative Sentiment: Additional insider sales followed in multiple smaller transactions in June and May, including sales of 2,000, 6,000, 12,610, 17,500, and other shares, suggesting a sustained pattern of reducing ownership. SEC filing
• Neutral Sentiment: The sales were executed at prices mostly in the $26.25 to $28.30 range, near where the stock has recently been trading, so the transactions may also reflect portfolio rebalancing or profit-taking rather than a fundamental shift. SEC filing

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ATNI. Strs Ohio bought a new stake in ATN International in the first quarter valued at approximately $138,000. Segall Bryant & Hamill LLC bought a new position in shares of ATN International during the fourth quarter worth $448,000. Hillsdale Investment Management Inc. bought a new position in shares of ATN International during the fourth quarter worth $479,000. Ameriprise Financial Inc. grew its holdings in shares of ATN International by 7.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company’s stock valued at $583,000 after buying an additional 2,397 shares during the period. Finally, Marshall Wace LLP increased its position in shares of ATN International by 137.9% in the 2nd quarter. Marshall Wace LLP now owns 47,804 shares of the technology company’s stock valued at $777,000 after buying an additional 27,714 shares in the last quarter. Institutional investors own 65.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ATNI. Wall Street Zen lowered 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 research report on Wednesday, May 13th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus 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.