ATN International, Inc. (NASDAQ:ATNI) Short Interest Down 44.9% in June

ATN International, Inc. (NASDAQ:ATNI) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totalling 246,100 shares, a decrease of 44.9% from the June 15th total of 446,900 shares. Approximately 2.4% of the company’s shares are short sold. Based on an average daily volume of 172,200 shares, the short-interest ratio is presently 1.4 days.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. BWS Financial reissued a “buy” rating and set a $30.00 price objective on shares of ATN International in a research report on Monday, April 29th. Raymond James reissued a “strong-buy” rating and set a $32.00 price objective (down from $40.00) on shares of ATN International in a research report on Friday, April 26th.

ATN International Stock Up 0.0 %

ATNI traded up $0.01 on Friday, reaching $22.43. The company’s stock had a trading volume of 102,323 shares, compared to its average volume of 236,022. The stock has a 50 day moving average of $23.05 and a two-hundred day moving average of $29.32. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.00 and a current ratio of 1.06. ATN International has a fifty-two week low of $18.20 and a fifty-two week high of $39.88.

ATN International (NASDAQ:ATNI) last announced its quarterly earnings results on Wednesday, April 24th. The technology company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.34). The business had revenue of $186.79 million during the quarter, compared to analyst estimates of $191.73 million. ATN International had a negative net margin of 1.96% and a negative return on equity of 1.17%. On average, research analysts predict that ATN International will post -0.68 EPS for the current year.

ATN International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Investors of record on Sunday, June 30th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date was Friday, June 28th. ATN International’s dividend payout ratio (DPR) is -73.85%.

Insiders Place Their Bets

In other ATN International news, Chairman Michael T. Prior purchased 10,000 shares of the business’s stock in a transaction on Monday, April 29th. The shares were bought at an average cost of $19.88 per share, for a total transaction 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 $10,397,756.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 4.54% of the company’s stock.

Hedge Funds Weigh In On ATN International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ATNI. GAMMA Investing LLC boosted its holdings in shares of ATN International by 64.3% in the first quarter. GAMMA Investing LLC now owns 1,940 shares of the technology company’s stock valued at $61,000 after acquiring an additional 759 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of ATN International by 498.5% in the fourth 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 period. BNP Paribas Financial Markets boosted its holdings in shares of ATN International by 52.6% in the first 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 period. Keeley Teton Advisors LLC boosted its holdings in shares of ATN International by 27.6% in the fourth quarter. Keeley Teton Advisors LLC now owns 19,266 shares of the technology company’s stock valued at $751,000 after acquiring an additional 4,163 shares during the period. Finally, Brown Brothers Harriman & Co. raised its stake in shares of ATN International by 1.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 595,703 shares of the technology company’s stock worth $23,215,000 after purchasing an additional 10,000 shares during the last quarter. 65.50% of the stock is owned by institutional investors and hedge funds.

ATN International Company Profile

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.