Insider Selling: ATN International (NASDAQ:ATNI) Major Shareholder Sells $136,250.00 in Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 5,000 shares of ATN International stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $27.25, for a total transaction of $136,250.00. Following the sale, the insider directly owned 188,000 shares in the company, valued at $5,123,000. The trade was a 2.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

ATN International Trading Down 3.8%

Shares of ATNI opened at $25.66 on Thursday. The firm’s 50-day moving average price is $27.24 and its 200-day moving average price is $25.54. The firm has a market capitalization of $394.65 million, a price-to-earnings ratio of -25.92, a PEG ratio of 3.60 and a beta of 0.54. The company has a current ratio of 1.21, a quick ratio of 1.16 and a debt-to-equity ratio of 1.01. ATN International, Inc. has a 1-year low of $13.86 and a 1-year high of $30.45.

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

Institutional Investors Weigh In On ATN International

A number of institutional investors have recently modified their holdings of the stock. Strs Ohio bought a new position in shares of ATN International during the first quarter valued at $138,000. Marshall Wace LLP boosted its stake in ATN International by 137.9% in the 2nd quarter. Marshall Wace LLP now owns 47,804 shares of the technology company’s stock worth $777,000 after purchasing an additional 27,714 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in ATN International by 17.1% in the 2nd quarter. Gamco Investors INC. ET AL now owns 70,221 shares of the technology company’s stock worth $1,141,000 after purchasing an additional 10,253 shares in the last quarter. Ameriprise Financial Inc. grew its position in ATN International by 7.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company’s stock valued at $583,000 after purchasing an additional 2,397 shares during the last quarter. Finally, Brown Brothers Harriman & Co. grew its position in ATN International by 5.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 662,544 shares of the technology company’s stock valued at $9,918,000 after purchasing an additional 35,394 shares during the last quarter. 65.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ATNI has been the topic of several research reports. Wall Street Zen lowered shares of ATN International from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Weiss Ratings upgraded shares of ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

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.