SG Americas Securities LLC grew its position in shares of ATN International Inc (NASDAQ:ATNI) by 9.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,176 shares of the technology company’s stock after buying an additional 2,908 shares during the quarter. SG Americas Securities LLC owned 0.22% of ATN International worth $2,516,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently bought and sold shares of ATNI. Meeder Asset Management Inc. boosted its holdings in ATN International by 74.5% in the fourth quarter. Meeder Asset Management Inc. now owns 588 shares of the technology company’s stock worth $42,000 after purchasing an additional 251 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in ATN International in the fourth quarter worth approximately $209,000. Advisor Partners LLC purchased a new stake in ATN International in the third quarter worth approximately $268,000. Acadian Asset Management LLC purchased a new stake in ATN International in the third quarter worth approximately $320,000. Finally, MetLife Investment Advisors LLC boosted its holdings in ATN International by 61.0% in the third quarter. MetLife Investment Advisors LLC now owns 7,655 shares of the technology company’s stock worth $566,000 after purchasing an additional 2,901 shares during the last quarter. Hedge funds and other institutional investors own 67.66% of the company’s stock.
Several equities research analysts recently issued reports on the stock. ValuEngine upgraded shares of ATN International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 24th. Zacks Investment Research upgraded 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, January 1st. Maxim Group began coverage on shares of ATN International in a report on Sunday, December 9th. They issued a “hold” rating and a $82.02 target price on the stock. Finally, BidaskClub cut shares of ATN International from a “sell” rating to a “strong sell” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $69.26.
In other news, CFO Justin D. Benincasa sold 3,000 shares of ATN International stock in a transaction on Friday, January 11th. The shares were sold at an average price of $76.40, for a total transaction of $229,200.00. Following the transaction, the chief financial officer now owns 56,466 shares in the company, valued at approximately $4,314,002.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Justin D. Benincasa sold 5,000 shares of ATN International stock in a transaction on Tuesday, December 11th. The stock was sold at an average price of $77.13, for a total transaction of $385,650.00. Following the transaction, the chief financial officer now owns 60,507 shares in the company, valued at approximately $4,666,904.91. The disclosure for this sale can be found here. Company insiders own 32.80% of the company’s stock.
Shares of ATN International stock opened at $72.57 on Monday. The firm has a market cap of $1.16 billion, a PE ratio of 33.29 and a beta of 0.53. ATN International Inc has a 1-year low of $49.34 and a 1-year high of $88.78. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.59 and a current ratio of 1.62.
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ATN International Company Profile
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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