ATN International (NASDAQ:ATNI) Major Shareholder Cornelius Prior Jr Sells 6,000 Shares

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 6,000 shares of ATN International stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $25.73, for a total value of $154,380.00. Following the completion of the sale, the insider directly owned 194,000 shares of the company’s stock, valued at $4,991,620. The trade was a 3.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

ATN International Stock Performance

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

ATN International (NASDAQ:ATNI) last released its quarterly earnings results on Thursday, May 7th. The technology company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.30). ATN International had a negative net margin of 1.20% and a positive return on equity of 0.55%. The company had revenue of $182.22 million for the quarter, compared to the consensus estimate of $183.40 million. As a group, sell-side analysts anticipate that ATN International, Inc. will post 0.74 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Weiss Ratings raised ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Wall Street Zen lowered ATN International from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, ATN International currently has a consensus rating of “Hold”.

Key ATN International News

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

• Negative Sentiment: Cornelius B. Prior, Jr. disclosed multiple share sales across late May and June, including a larger June 12 sale of 19,100 shares and additional sales of 12,610, 17,500, 6,000, 2,500, 3,500, 2,854, 2,000 and 1,000 shares. The repeated reductions in ownership may pressure the stock by signaling insider caution or profit-taking. SEC filing
• Neutral Sentiment: The shares were sold mostly in the $25.73 to $28.30 range, close to ATNI’s recent trading levels, which could indicate portfolio rebalancing rather than a major change in fundamentals. SEC filing
• Neutral Sentiment: ATN International’s latest earnings report was mixed: revenue came in roughly in line with expectations, but EPS missed estimates. That backdrop keeps investors cautious, though the company still has a relatively low beta and trades near its recent moving averages. ATNI stock overview

Hedge Funds Weigh In On ATN International

A number of hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its stake in shares of ATN International by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 122,634 shares of the technology company’s stock worth $3,338,000 after acquiring an additional 1,132 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of ATN International by 7.2% in the second quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company’s stock worth $583,000 after acquiring an additional 2,397 shares during the period. Gamco Investors INC. ET AL boosted its stake in shares of ATN International by 9.6% in the third quarter. Gamco Investors INC. ET AL now owns 76,936 shares of the technology company’s stock worth $1,152,000 after acquiring an additional 6,715 shares during the period. Strs Ohio bought a new position in shares of ATN International in the first quarter worth about $138,000. Finally, Segall Bryant & Hamill LLC boosted its stake in shares of ATN International by 49.3% in the first quarter. Segall Bryant & Hamill LLC now owns 29,341 shares of the technology company’s stock worth $799,000 after acquiring an additional 9,684 shares during the period. Institutional investors own 65.50% of the company’s stock.

About ATN International

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.