Bank of New York Mellon Corp Acquires 12,982 Shares of ATN International Inc (ATNI)
Bank of New York Mellon Corp lifted its holdings in ATN International Inc (NASDAQ:ATNI) by 4.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 320,376 shares of the technology company’s stock after acquiring an additional 12,982 shares during the period. Bank of New York Mellon Corp’s holdings in ATN International were worth $23,669,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in ATNI. Eagle Boston Investment Management Inc. increased its position in shares of ATN International by 41.0% in the third quarter. Eagle Boston Investment Management Inc. now owns 87,528 shares of the technology company’s stock worth $6,466,000 after acquiring an additional 25,431 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of ATN International in the third quarter worth $320,000. Strs Ohio increased its position in shares of ATN International by 92.5% in the third quarter. Strs Ohio now owns 7,700 shares of the technology company’s stock worth $568,000 after acquiring an additional 3,700 shares in the last quarter. Advisor Partners LLC acquired a new stake in shares of ATN International in the third quarter worth $268,000. Finally, SG Americas Securities LLC increased its position in shares of ATN International by 2.3% in the third quarter. SG Americas Securities LLC now owns 32,268 shares of the technology company’s stock worth $2,384,000 after acquiring an additional 719 shares in the last quarter. 65.51% of the stock is owned by institutional investors.
ATNI has been the subject of several recent research reports. Maxim Group initiated coverage on shares of ATN International in a research report on Sunday, December 9th. They issued a “hold” rating and a $82.02 price objective for the company. ValuEngine raised shares of ATN International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 24th. Zacks Investment Research lowered shares of ATN International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 27th. Finally, BidaskClub lowered shares of ATN International from a “buy” rating to a “hold” rating in a research report on Saturday, December 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. ATN International currently has an average rating of “Hold” and an average price target of $69.26.
ATN International (NASDAQ:ATNI) last announced its earnings results on Wednesday, October 24th. The technology company reported $1.06 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $1.13. The business had revenue of $121.14 million during the quarter, compared to the consensus estimate of $110.06 million. ATN International had a net margin of 13.78% and a return on equity of 3.68%. Research analysts anticipate that ATN International Inc will post 0.21 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, January 10th. Stockholders of record on Monday, December 31st were paid a $0.17 dividend. The ex-dividend date was Friday, December 28th. This represents a $0.68 annualized dividend and a dividend yield of 0.90%. ATN International’s dividend payout ratio (DPR) is presently 31.19%.
In other news, CFO Justin D. Benincasa sold 3,000 shares of the company’s stock in a transaction on Friday, January 11th. The shares were sold at an average price of $76.40, for a total value of $229,200.00. Following the completion of the transaction, the chief financial officer now directly owns 56,466 shares in the company, valued at $4,314,002.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Justin D. Benincasa sold 5,000 shares of the company’s stock in a transaction on Tuesday, December 11th. The shares were sold at an average price of $77.13, for a total transaction of $385,650.00. Following the completion of the transaction, the chief financial officer now owns 60,507 shares of the company’s stock, valued at $4,666,904.91. The disclosure for this sale can be found here. Insiders sold 13,458 shares of company stock valued at $1,068,137 over the last 90 days. Insiders own 32.80% of the company’s stock.
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About ATN International
ATN International, Inc, through its subsidiaries, provides wireless and wireline telecommunications services in North America, Bermuda, and the Caribbean. It operates through U.S. Telecom, International Telecom, and Renewable Energy segments. The company offers wholesale wireless voice and data roaming services; wireline local telephone and data, video, and long-distance voice services; and facilities-based integrated voice and data communications, and wholesale transport services to enterprise and residential customers.
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