Mawer Investment Management Ltd. lowered its position in shares of ATN International, Inc. (NASDAQ:ATNI) by 70.5% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 185,798 shares of the technology company’s stock after selling 443,039 shares during the quarter. Mawer Investment Management Ltd. owned about 1.15% of ATN International worth $9,792,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. TIAA CREF Investment Management LLC increased its stake in ATN International by 12.3% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 47,478 shares of the technology company’s stock worth $3,249,000 after buying an additional 5,200 shares in the last quarter. Teachers Advisors LLC boosted its holdings in shares of ATN International by 2.5% during the 1st quarter. Teachers Advisors LLC now owns 17,434 shares of the technology company’s stock worth $1,228,000 after purchasing an additional 417 shares during the last quarter. River Road Asset Management LLC boosted its holdings in shares of ATN International by 16.8% during the 3rd quarter. River Road Asset Management LLC now owns 335,542 shares of the technology company’s stock worth $17,683,000 after purchasing an additional 48,330 shares during the last quarter. Martin & Co. Inc. TN boosted its holdings in shares of ATN International by 53.6% during the 2nd quarter. Martin & Co. Inc. TN now owns 23,800 shares of the technology company’s stock worth $1,629,000 after purchasing an additional 8,305 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of ATN International by 157.2% during the 2nd quarter. SG Americas Securities LLC now owns 4,043 shares of the technology company’s stock worth $277,000 after purchasing an additional 2,471 shares during the last quarter. 58.37% of the stock is owned by institutional investors.
Several research analysts have recently weighed in on the company. Zacks Investment Research upgraded ATN International from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. Sidoti cut ATN International from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $73.00 to $57.00 in a report on Tuesday, October 3rd. ValuEngine upgraded ATN International from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Finally, TheStreet cut ATN International from a “c” rating to a “d+” rating in a report on Tuesday, October 31st. Five research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and an average price target of $57.00.
ATN International, Inc. (ATNI) traded down $1.06 during trading hours on Thursday, reaching $54.48. The company’s stock had a trading volume of 126,661 shares, compared to its average volume of 76,082. The company has a quick ratio of 1.84, a current ratio of 1.93 and a debt-to-equity ratio of 0.19. ATN International, Inc. has a one year low of $49.50 and a one year high of $87.82. The firm has a market capitalization of $928.64, a PE ratio of 35.14 and a beta of 0.61.
ATN International (NASDAQ:ATNI) last released its quarterly earnings results on Monday, October 30th. The technology company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.18. ATN International had a positive return on equity of 3.34% and a negative net margin of 1.93%. The company had revenue of $122.13 million for the quarter, compared to analysts’ expectations of $123.92 million. equities analysts predict that ATN International, Inc. will post -0.93 earnings per share for the current fiscal year.
In other news, CFO Justin D. Benincasa sold 4,179 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $59.72, for a total transaction of $249,569.88. Following the sale, the chief financial officer now owns 59,526 shares of the company’s stock, valued at $3,554,892.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP William F. Kreisher sold 2,000 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $54.61, for a total value of $109,220.00. Following the sale, the vice president now directly owns 46,722 shares in the company, valued at approximately $2,551,488.42. The disclosure for this sale can be found here. 32.70% of the stock is currently owned by corporate insiders.
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About ATN International
ATN International, Inc (ATN), formerly Atlantic Tele-Network, Inc, is a holding company. The Company’s segments include U.S. Telecom, International Telecom and Renewable Energy. In the United States, it provides wholesale wireless voice and data roaming services in rural markets to national, regional, local and selected international wireless carriers.
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