ATN International, Inc. (ATNI) Shares Sold by Thrivent Financial For Lutherans
Thrivent Financial For Lutherans decreased its stake in ATN International, Inc. (NASDAQ:ATNI) by 27.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,740 shares of the technology company’s stock after selling 8,690 shares during the quarter. Thrivent Financial For Lutherans owned approximately 0.14% of ATN International worth $1,556,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp increased its stake in shares of ATN International by 4.4% during the first quarter. Bank of New York Mellon Corp now owns 219,009 shares of the technology company’s stock worth $15,423,000 after purchasing an additional 9,244 shares in the last quarter. Karp Capital Management Corp acquired a new position in shares of ATN International during the 1st quarter worth about $546,000. Ameriprise Financial Inc. raised its position in shares of ATN International by 4.5% during the 1st quarter. Ameriprise Financial Inc. now owns 84,648 shares of the technology company’s stock worth $5,961,000 after purchasing an additional 3,650 shares during the last quarter. Arizona State Retirement System raised its position in shares of ATN International by 1.8% during the 1st quarter. Arizona State Retirement System now owns 5,553 shares of the technology company’s stock worth $391,000 after purchasing an additional 100 shares during the last quarter. Finally, OppenheimerFunds Inc. raised its position in shares of ATN International by 50.6% during the 1st quarter. OppenheimerFunds Inc. now owns 5,014 shares of the technology company’s stock worth $353,000 after purchasing an additional 1,684 shares during the last quarter. Institutional investors and hedge funds own 59.22% of the company’s stock.
Shares of ATN International, Inc. (NASDAQ ATNI) opened at 52.70 on Monday. The stock has a market capitalization of $853.42 million, a PE ratio of 39.33 and a beta of 0.61. The company’s 50 day moving average price is $58.16 and its 200 day moving average price is $65.52. ATN International, Inc. has a 12 month low of $49.50 and a 12 month high of $87.82.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 9th. Shareholders of record on Saturday, September 30th will be given a dividend of $0.17 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.68 annualized dividend and a yield of 1.29%. ATN International’s payout ratio is currently 50.00%.
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In other ATN International news, SVP Leonard Q. Slap sold 1,000 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $62.00, for a total value of $62,000.00. Following the completion of the transaction, the senior vice president now directly owns 26,645 shares of the company’s stock, valued at $1,651,990. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 32.70% of the company’s stock.
A number of brokerages recently weighed in on ATNI. BidaskClub raised shares of ATN International from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. BWS Financial lowered their price objective on ATN International from $64.00 to $57.00 and set a “hold” rating on the stock in a report on Monday, July 31st. Zacks Investment Research upgraded ATN International from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Finally, ValuEngine upgraded ATN International from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $67.00.
ATN International 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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