ATN International (NASDAQ:ATNI) Stock Rating Reaffirmed by BWS Financial

ATN International (NASDAQ:ATNI)‘s stock had its “buy” rating reaffirmed by investment analysts at BWS Financial in a research note issued to investors on Monday, Benzinga reports. They presently have a $30.00 price target on the technology company’s stock. BWS Financial’s price objective would indicate a potential upside of 57.23% from the company’s previous close.

Separately, Raymond James reiterated a “strong-buy” rating and issued a $32.00 price objective (down previously from $40.00) on shares of ATN International in a report on Friday, April 26th.

ATN International Trading Down 3.5 %

Shares of ATNI stock opened at $19.08 on Monday. The company has a quick ratio of 0.89, a current ratio of 1.06 and a debt-to-equity ratio of 0.83. The firm has a market cap of $295.36 million, a P/E ratio of -14.68 and a beta of 0.39. The business has a 50-day moving average price of $30.17 and a two-hundred day moving average price of $33.08. ATN International has a 12-month low of $18.20 and a 12-month high of $41.03.

ATN International (NASDAQ:ATNI) last announced its quarterly earnings data on Wednesday, February 21st. The technology company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.01). The business had revenue of $198.97 million during the quarter, compared to the consensus estimate of $192.07 million. ATN International had a negative return on equity of 1.17% and a negative net margin of 1.96%. Equities analysts anticipate that ATN International will post -0.31 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Chairman Michael T. Prior purchased 10,000 shares of ATN International stock in a transaction that occurred on Monday, April 29th. The shares were bought at an average price of $19.88 per share, for a total transaction of $198,800.00. Following the completion of the transaction, the chairman now directly owns 523,026 shares of the company’s stock, valued at $10,397,756.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 4.54% of the stock is currently owned by insiders.

Institutional Investors Weigh In On ATN International

Several hedge funds have recently made changes to their positions in ATNI. Copeland Capital Management LLC purchased a new stake in ATN International in the third quarter worth about $27,000. Bank of New York Mellon Corp increased its position in 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 buying an additional 2,580 shares in the last quarter. Keeley Teton Advisors LLC boosted its stake in ATN International by 14.4% in the 3rd quarter. Keeley Teton Advisors LLC now owns 15,103 shares of the technology company’s stock worth $477,000 after purchasing an additional 1,903 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of ATN International during the fourth quarter valued at approximately $44,000. Finally, Brown Brothers Harriman & Co. boosted its stake in ATN International by 1.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 595,703 shares of the technology company’s stock valued at $23,215,000 after purchasing an additional 10,000 shares during the last quarter. 65.50% of the stock is currently owned by institutional investors.

About ATN International

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.