Atento S.A. (ATTO) Stake Reduced by Royce & Associates LP
Royce & Associates LP lowered its stake in Atento S.A. (NYSE:ATTO) by 1.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 683,901 shares of the business services provider’s stock after selling 7,724 shares during the period. Royce & Associates LP’s holdings in Atento were worth $6,258,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Edinburgh Partners Ltd raised its position in shares of Atento by 8.6% in the first quarter. Edinburgh Partners Ltd now owns 29,200 shares of the business services provider’s stock valued at $267,000 after buying an additional 2,300 shares during the last quarter. Quantum Capital Management raised its position in shares of Atento by 46.4% in the first quarter. Quantum Capital Management now owns 16,733 shares of the business services provider’s stock valued at $153,000 after buying an additional 5,300 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Atento by 16.6% in the first quarter. Wellington Management Group LLP now owns 2,739,190 shares of the business services provider’s stock valued at $25,063,000 after buying an additional 390,573 shares during the last quarter. Finally, Nationwide Fund Advisors raised its position in shares of Atento by 9,883.2% in the first quarter. Nationwide Fund Advisors now owns 428,280 shares of the business services provider’s stock valued at $3,919,000 after buying an additional 423,990 shares during the last quarter. Institutional investors own 95.27% of the company’s stock.
Atento S.A. (ATTO) traded up 0.97% during mid-day trading on Friday, hitting $10.45. 8,785 shares of the stock traded hands. The stock has a 50 day moving average price of $10.13 and a 200 day moving average price of $9.00. The firm has a market cap of $772.35 million, a PE ratio of 55.88 and a beta of 0.02. Atento S.A. has a 12-month low of $6.85 and a 12-month high of $10.55.
Atento (NYSE:ATTO) last released its earnings results on Tuesday, May 9th. The business services provider reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.07. The business had revenue of $468 million for the quarter, compared to the consensus estimate of $442.32 million. Atento had a net margin of 0.77% and a return on equity of 11.78%. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period last year, the firm posted $0.13 earnings per share. On average, analysts expect that Atento S.A. will post $0.78 earnings per share for the current fiscal year.
Several research analysts have weighed in on the stock. ValuEngine upgraded shares of Atento from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded shares of Atento from a “sell” rating to a “hold” rating in a research report on Thursday, May 11th. Finally, Barrington Research assumed coverage on shares of Atento in a research report on Monday, April 24th. They set an “outperform” rating and a $14.00 target price on the stock.
Atento Company Profile
Atento SA is a provider of customer-relationship management and business-process outsourcing (CRM BPO) services and solutions in Latin America. The Company offers a portfolio of CRM BPO services, including customer care, sales, collections, back office and technical support. The Company operates through three segments: EMEA, Americas and Brazil.
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