SG Americas Securities LLC raised its position in shares of ATN International Inc (NASDAQ:ATNI) by 29.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,160 shares of the technology company’s stock after purchasing an additional 1,396 shares during the period. SG Americas Securities LLC’s holdings in ATN International were worth $340,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in ATNI. Nationwide Fund Advisors raised its holdings in shares of ATN International by 2.2% during the second quarter. Nationwide Fund Advisors now owns 8,347 shares of the technology company’s stock valued at $571,000 after purchasing an additional 180 shares during the period. Teachers Advisors LLC raised its holdings in shares of ATN International by 6.7% in the 2nd quarter. Teachers Advisors LLC now owns 18,605 shares of the technology company’s stock worth $1,273,000 after acquiring an additional 1,171 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in shares of ATN International by 44.6% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 5,320 shares of the technology company’s stock worth $281,000 after acquiring an additional 1,640 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in shares of ATN International by 12.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 37,527 shares of the technology company’s stock worth $2,568,000 after acquiring an additional 4,275 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in ATN International by 5.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 82,729 shares of the technology company’s stock worth $4,360,000 after purchasing an additional 4,461 shares in the last quarter. Institutional investors and hedge funds own 62.47% of the company’s stock.
In related news, VP William F. Kreisher sold 8,264 shares of the stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $60.17, for a total value of $497,244.88. Following the completion of the transaction, the vice president now directly owns 38,458 shares of the company’s stock, valued at approximately $2,314,017.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Leonard Q. Slap sold 1,413 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $61.89, for a total transaction of $87,450.57. Following the completion of the transaction, the senior vice president now directly owns 27,968 shares of the company’s stock, valued at $1,730,939.52. The disclosure for this sale can be found here. Insiders have sold 11,073 shares of company stock valued at $671,247 over the last 90 days. 32.70% of the stock is currently owned by company insiders.
ATN International (NASDAQ:ATNI) last issued its earnings results on Wednesday, February 21st. The technology company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.87. ATN International had a net margin of 6.54% and a return on equity of 4.38%. The business had revenue of $107.70 million during the quarter, compared to analysts’ expectations of $102.81 million. sell-side analysts forecast that ATN International Inc will post -0.09 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 6th. Investors of record on Saturday, March 31st will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.68 annualized dividend and a yield of 1.15%. ATN International’s dividend payout ratio (DPR) is 34.69%.
A number of equities research analysts have issued reports on the stock. BidaskClub raised shares of ATN International from a “strong sell” rating to a “sell” rating in a research report on Tuesday, March 6th. TheStreet raised shares of ATN International from a “d+” rating to a “c-” rating in a report on Monday, January 8th. ValuEngine cut shares of ATN International from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Finally, Sidoti upgraded shares of ATN International from a “neutral” rating to a “buy” rating and set a $70.00 target price on the stock in a research note on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $63.50.
ATN International Profile
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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