ATN International (NASDAQ:ATNI) Major Shareholder Cornelius Prior, Jr. Sells 4,500 Shares of Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 4,500 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $31.03, for a total value of $139,635.00. Following the completion of the transaction, the insider directly owned 25,541 shares in the company, valued at $792,537.23. The trade was a 14.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

ATN International Trading Down 1.5%

Shares of ATNI stock opened at $28.73 on Friday. ATN International, Inc. has a 12 month low of $13.86 and a 12 month high of $33.41. The company has a quick ratio of 1.59, a current ratio of 1.63 and a debt-to-equity ratio of 0.68. The business’s 50 day moving average is $28.20 and its two-hundred day moving average is $27.28. The company has a market cap of $442.44 million, a PE ratio of 2.79, a price-to-earnings-growth ratio of 3.74 and a beta of 0.59.

Institutional Investors Weigh In On ATN International

Several hedge funds have recently modified their holdings of the business. Empowered Funds LLC bought a new stake in shares of ATN International in the second quarter valued at approximately $2,481,000. Bank of America Corp DE bought a new position in ATN International during the second quarter worth $678,000. Hsbc Holdings PLC acquired a new position in ATN International during the 2nd quarter valued at $339,000. Canada Pension Plan Investment Board acquired a new position in ATN International during the 2nd quarter valued at $220,000. Finally, Legal & General Group Plc bought a new stake in ATN International in the 2nd quarter valued at $25,000. 65.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Wall Street Zen upgraded shares of ATN International from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 12th. Zacks Research upgraded shares of ATN International from a “strong sell” rating to a “hold” rating in a report on Monday, August 10th. Finally, Weiss Ratings raised ATN International from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

ATN International Company Profile

ATN International, Inc is a telecommunications company that provides wireless and wireline communications services in rural and underserved markets. Its offerings include mobile and fixed wireless connectivity, broadband internet, voice services, fiber and enterprise connectivity, managed information technology services, wholesale telecommunications, and related infrastructure services.

The company serves customers in selected markets across the United States and the Caribbean. Its operations have included telecommunications networks and broadband services in Alaska and other rural U.S.