Strs Ohio grew its holdings in shares of ATN International Inc (NASDAQ:ATNI) by 92.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,700 shares of the technology company’s stock after acquiring an additional 3,700 shares during the period. Strs Ohio’s holdings in ATN International were worth $568,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Piedmont Investment Advisors LLC bought a new position in shares of ATN International during the second quarter worth about $133,000. Alps Advisors Inc. bought a new position in shares of ATN International during the second quarter worth about $475,000. SG Americas Securities LLC lifted its position in shares of ATN International by 10.9% during the second quarter. SG Americas Securities LLC now owns 31,549 shares of the technology company’s stock worth $1,665,000 after purchasing an additional 3,090 shares during the last quarter. Eagle Boston Investment Management Inc. lifted its position in shares of ATN International by 62.7% during the second quarter. Eagle Boston Investment Management Inc. now owns 62,097 shares of the technology company’s stock worth $3,276,000 after purchasing an additional 23,927 shares during the last quarter. Finally, Third Avenue Management LLC bought a new position in shares of ATN International during the second quarter worth about $6,072,000. Institutional investors own 65.97% of the company’s stock.
In other ATN International news, insider Michael T. Prior sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $72.69, for a total value of $145,380.00. Following the transaction, the insider now owns 397,624 shares of the company’s stock, valued at $28,903,288.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Justin D. Benincasa sold 5,458 shares of the firm’s stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $83.05, for a total transaction of $453,286.90. Following the completion of the transaction, the chief financial officer now directly owns 52,748 shares in the company, valued at approximately $4,380,721.40. The disclosure for this sale can be found here. Company insiders own 32.80% of the company’s stock.
Several equities analysts have recently commented on the stock. BidaskClub cut shares of ATN International from a “buy” rating to a “hold” rating in a research report on Friday, July 20th. ValuEngine raised shares of ATN International from a “hold” rating to a “buy” rating in a report on Friday, August 3rd. Zacks Investment Research raised shares of ATN International from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a report on Tuesday, October 9th. Finally, Raymond James cut shares of ATN International from an “outperform” rating to a “market perform” rating and set a $69.00 target price on the stock. in a report on Friday, July 27th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. ATN International presently has a consensus rating of “Buy” and an average target price of $66.25.
Shares of NASDAQ ATNI opened at $83.98 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.63 and a debt-to-equity ratio of 0.11. ATN International Inc has a 52-week low of $49.34 and a 52-week high of $87.63. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 45.51 and a beta of 0.27.
ATN International (NASDAQ:ATNI) last issued its earnings results on Wednesday, October 24th. The technology company reported $1.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $1.13. ATN International had a net margin of 13.78% and a return on equity of 3.68%. The firm had revenue of $121.14 million for the quarter, compared to analysts’ expectations of $110.06 million. As a group, analysts anticipate that ATN International Inc will post 0.44 EPS for the current fiscal year.
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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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