SG Americas Securities LLC cut its holdings in ATN International Inc (NASDAQ:ATNI) by 1.6% during the 1st quarter, HoldingsChannel reports. The fund owned 34,600 shares of the technology company’s stock after selling 576 shares during the period. SG Americas Securities LLC’s holdings in ATN International were worth $1,951,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in ATNI. Meeder Asset Management Inc. lifted its position in ATN International by 74.5% in the 4th quarter. Meeder Asset Management Inc. now owns 588 shares of the technology company’s stock valued at $42,000 after acquiring an additional 251 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in ATN International by 886.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,427 shares of the technology company’s stock valued at $137,000 after buying an additional 2,181 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in ATN International during the 4th quarter valued at $209,000. Municipal Employees Retirement System of Michigan purchased a new stake in ATN International during the 4th quarter valued at $225,000. Finally, Metropolitan Life Insurance Co. NY raised its stake in ATN International by 381.2% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,662 shares of the technology company’s stock valued at $262,000 after buying an additional 2,901 shares during the last quarter. 63.75% of the stock is currently owned by institutional investors and hedge funds.
Shares of ATNI opened at $60.68 on Thursday. The firm has a market cap of $992.42 million, a price-to-earnings ratio of 47.04 and a beta of 0.40. The company has a quick ratio of 1.92, a current ratio of 1.85 and a debt-to-equity ratio of 0.10. ATN International Inc has a 1-year low of $49.34 and a 1-year high of $88.78.
ATN International (NASDAQ:ATNI) last announced its earnings results on Wednesday, April 24th. The technology company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.06. The business had revenue of $103.30 million during the quarter, compared to analyst estimates of $108.14 million. ATN International had a net margin of 5.29% and a return on equity of 2.92%. Sell-side analysts expect that ATN International Inc will post -0.11 earnings per share for the current year.
A number of equities research analysts have weighed in on the stock. BidaskClub upgraded shares of ATN International from a “strong sell” rating to a “sell” rating in a research note on Wednesday, February 20th. Maxim Group reiterated a “hold” rating on shares of ATN International in a research note on Thursday, February 21st. Zacks Investment Research lowered shares of ATN International from a “hold” rating to a “sell” rating in a research note on Tuesday. Raymond James upgraded shares of ATN International from a “market perform” rating to an “outperform” rating and set a $67.00 target price for the company in a research note on Friday, February 22nd. Finally, ValuEngine lowered shares of ATN International from a “buy” rating to a “hold” rating in a research note on Friday, February 22nd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. ATN International presently has a consensus rating of “Hold” and an average price target of $73.67.
In other ATN International news, CFO Justin D. Benincasa sold 3,000 shares of the business’s stock in a transaction on Monday, February 11th. The shares were sold at an average price of $72.01, for a total transaction of $216,030.00. Following the completion of the sale, the chief financial officer now directly owns 51,870 shares in the company, valued at approximately $3,735,158.70. The sale was disclosed in a document filed with the SEC, which is available through this link. 4.34% of the stock is currently owned by insiders.
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ATN International Company Profile
ATN International, Inc, through its subsidiaries, provides wireless and wireline telecommunications services in North America, India, Bermuda, and the Caribbean. It operates through three segments: U.S. Telecom, International Telecom, and Renewable Energy. The U.S. Telecom segment offers wireless and wireline services; wholesale wireless voice and data roaming services to wireless carriers principally in the Southwest and Midwest the United States; and retail wireless, wireline, and wholesale long-distance voice services to telecommunications carriers.
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