ATN International, Inc. (NASDAQ:ATNI) Short Interest Up 27.1% in May

ATN International, Inc. (NASDAQ:ATNIGet Free Report) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 422,300 shares, a growth of 27.1% from the April 30th total of 332,200 shares. Based on an average daily trading volume, of 108,700 shares, the days-to-cover ratio is presently 3.9 days. Currently, 4.1% of the company’s shares are short sold.

Insider Activity

In other news, Chairman Michael T. Prior acquired 10,000 shares of the stock in a transaction dated Monday, April 29th. The stock was bought at an average price of $19.88 per share, with a total value of $198,800.00. Following the completion of the purchase, the chairman now directly owns 523,026 shares of the company’s stock, valued at approximately $10,397,756.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 4.54% of the stock is currently owned by insiders.

Institutional Investors Weigh In On ATN International

Several large investors have recently added to or reduced their stakes in ATNI. GAMMA Investing LLC purchased a new position in ATN International during the 4th quarter valued at about $44,000. Public Employees Retirement System of Ohio boosted its position in shares of ATN International by 498.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,951 shares of the technology company’s stock valued at $76,000 after acquiring an additional 1,625 shares during the last quarter. Keeley Teton Advisors LLC boosted its position in shares of ATN International by 14.4% during the 3rd quarter. Keeley Teton Advisors LLC now owns 15,103 shares of the technology company’s stock valued at $477,000 after acquiring an additional 1,903 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of ATN International by 1.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 188,995 shares of the technology company’s stock valued at $5,965,000 after acquiring an additional 2,580 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of ATN International by 52.6% during the 1st quarter. BNP Paribas Financial Markets now owns 5,708 shares of the technology company’s stock valued at $180,000 after acquiring an additional 1,968 shares during the last quarter. Hedge funds and other institutional investors own 65.50% of the company’s stock.

Analyst Upgrades and Downgrades

ATNI has been the topic of a number of research analyst reports. Raymond James restated a “strong-buy” rating and set a $32.00 price target (down from $40.00) on shares of ATN International in a report on Friday, April 26th. BWS Financial reiterated a “buy” rating and issued a $30.00 target price on shares of ATN International in a report on Monday, April 29th.

View Our Latest Analysis on ATNI

ATN International Stock Performance

Shares of ATN International stock traded up $0.55 during trading hours on Thursday, hitting $23.28. 12,938 shares of the company’s stock traded hands, compared to its average volume of 101,473. ATN International has a 12-month low of $18.20 and a 12-month high of $41.03. The company has a fifty day simple moving average of $26.09 and a 200-day simple moving average of $31.69. The company has a current ratio of 1.06, a quick ratio of 1.00 and a debt-to-equity ratio of 0.83.

ATN International (NASDAQ:ATNIGet Free Report) last announced its earnings results on Wednesday, April 24th. The technology company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.34). ATN International had a negative net margin of 1.96% and a negative return on equity of 1.17%. The business had revenue of $186.79 million for the quarter, compared to analysts’ expectations of $191.73 million. As a group, analysts anticipate that ATN International will post -0.68 earnings per share for the current fiscal year.

ATN International Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Sunday, March 31st were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend was Wednesday, March 27th. ATN International’s dividend payout ratio (DPR) is currently -73.85%.

About ATN International

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ATN International, Inc, through its subsidiaries, engages in the provision of digital infrastructure and communications services to residential, business, and government customers in the United States and internationally. The company operates through International Telecom and US Telecom segments. The company offers mobile, data, voice, broadband, and fixed services; handsets and accessories; and wholesale roaming, long distance voice services, and site maintenance services.

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