Atento (NYSE:ATTO) Trading Up 5.3%

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Atento SA (NYSE:ATTO) shares were up 5.3% during trading on Wednesday . The company traded as high as $3.32 and last traded at $3.20, approximately 143,585 shares traded hands during trading. A decline of 5% from the average daily volume of 151,516 shares. The stock had previously closed at $3.04.

A number of analysts recently commented on ATTO shares. Zacks Investment Research raised Atento from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th. Morgan Stanley lowered Atento from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $8.00 to $3.00 in a research note on Wednesday, June 5th. TheStreet downgraded Atento from a “c” rating to a “d” rating in a research report on Friday, July 19th. Finally, Barrington Research reiterated a “buy” rating and set a $8.00 target price on shares of Atento in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $5.88.

The company has a 50-day moving average of $2.44 and a two-hundred day moving average of $2.92. The stock has a market capitalization of $224.68 million, a PE ratio of 4.34, a P/E/G ratio of 1.09 and a beta of 0.74. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.46 and a quick ratio of 1.46.

Atento (NYSE:ATTO) last released its earnings results on Tuesday, July 30th. The business services provider reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.14). Atento had a positive return on equity of 9.19% and a negative net margin of 2.03%. The business had revenue of $441.10 million for the quarter. On average, research analysts forecast that Atento SA will post 0.28 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. lifted its position in Atento by 133.8% during the second quarter. Russell Investments Group Ltd. now owns 17,536 shares of the business services provider’s stock worth $43,000 after buying an additional 10,036 shares during the period. Tower Research Capital LLC TRC purchased a new position in shares of Atento in the 2nd quarter worth about $64,000. LPL Financial LLC purchased a new position in shares of Atento in the 2nd quarter worth about $125,000. Engine Capital Management LP raised its holdings in shares of Atento by 120.1% in the 2nd quarter. Engine Capital Management LP now owns 55,244 shares of the business services provider’s stock worth $138,000 after purchasing an additional 30,141 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Atento by 93.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 40,791 shares of the business services provider’s stock worth $147,000 after purchasing an additional 19,714 shares during the period. Hedge funds and other institutional investors own 79.03% of the company’s stock.

Atento Company Profile (NYSE:ATTO)

Atento SA, together with its subsidiaries, provides customer relationship management and business process outsourcing services and solutions in Brazil, the Americas, Europe, the Middle East, and Africa. It offers a range of front and back-end services, including sales, customer care, collections, back office, applications-processing, credit-management, and technical support services.

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