Goldman Sachs Group Inc. Takes $115,000 Position in Atento S.A. (ATTO)
Goldman Sachs Group Inc. bought a new stake in shares of Atento S.A. (NYSE:ATTO) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 10,275 shares of the business services provider’s stock, valued at approximately $115,000.
A number of other institutional investors also recently added to or reduced their stakes in the business. Quantum Capital Management boosted its position in shares of Atento by 1.1% during the 2nd quarter. Quantum Capital Management now owns 16,911 shares of the business services provider’s stock valued at $189,000 after purchasing an additional 178 shares in the last quarter. Sei Investments Co. boosted its position in shares of Atento by 402.0% during the 2nd quarter. Sei Investments Co. now owns 14,735 shares of the business services provider’s stock valued at $164,000 after purchasing an additional 11,800 shares in the last quarter. Royce & Associates LP boosted its position in shares of Atento by 5.7% during the 2nd quarter. Royce & Associates LP now owns 722,601 shares of the business services provider’s stock valued at $8,057,000 after purchasing an additional 38,700 shares in the last quarter. Spark Investment Management LLC bought a new position in shares of Atento during the 2nd quarter valued at about $611,000. Finally, Morgan Stanley boosted its position in shares of Atento by 51.8% during the 1st quarter. Morgan Stanley now owns 172,731 shares of the business services provider’s stock valued at $1,580,000 after purchasing an additional 58,924 shares in the last quarter. 95.96% of the stock is currently owned by hedge funds and other institutional investors.
ATTO has been the subject of several research reports. Zacks Investment Research lowered shares of Atento from a “hold” rating to a “sell” rating in a research report on Friday, November 3rd. ValuEngine lowered shares of Atento from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. BidaskClub lowered shares of Atento from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 30th. Robert W. Baird restated a “buy” rating and set a $15.00 price objective on shares of Atento in a research report on Sunday, October 22nd. Finally, Barrington Research raised their target price on shares of Atento from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Monday, August 21st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Atento currently has an average rating of “Hold” and an average target price of $14.50.
Atento S.A. (NYSE:ATTO) opened at $9.70 on Friday. Atento S.A. has a fifty-two week low of $6.85 and a fifty-two week high of $12.90. The company has a market cap of $716.92, a PE ratio of 13.29, a price-to-earnings-growth ratio of 0.83 and a beta of 0.05. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.09.
The company also recently announced an annual dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Friday, November 10th will be issued a $0.338 dividend. The ex-dividend date is Thursday, November 9th. Atento’s payout ratio is 242.86%.
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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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