ATN International Inc (NASDAQ:ATNI) Short Interest Update

ATN International Inc (NASDAQ:ATNI) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 267,200 shares, a growth of 6.2% from the May 30th total of 251,700 shares. Based on an average daily volume of 49,800 shares, the days-to-cover ratio is presently 5.4 days. Currently, 2.5% of the company’s shares are short sold.

ATNI stock opened at $57.87 on Wednesday. The business’s 50 day moving average price is $59.62. ATN International has a fifty-two week low of $52.25 and a fifty-two week high of $88.78. The company has a current ratio of 1.85, a quick ratio of 1.80 and a debt-to-equity ratio of 0.18. The firm has a market cap of $924.92 million, a P/E ratio of 38.55 and a beta of 0.39.

ATN International (NASDAQ:ATNI) last posted its quarterly earnings results on Wednesday, April 24th. The technology company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.06. ATN International had a return on equity of 2.92% and a net margin of 5.29%. The business had revenue of $103.30 million for the quarter, compared to the consensus estimate of $108.14 million. Equities analysts predict that ATN International will post -0.11 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 8th. Investors of record on Sunday, June 30th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Thursday, June 27th. ATN International’s dividend payout ratio (DPR) is currently 52.71%.

In other news, CFO Justin D. Benincasa sold 1,250 shares of the business’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $61.89, for a total value of $77,362.50. Following the transaction, the chief financial officer now directly owns 55,568 shares of the company’s stock, valued at approximately $3,439,103.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.34% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of ATNI. Norges Bank bought a new stake in ATN International during the 4th quarter worth approximately $14,015,000. Global Alpha Capital Management Ltd. increased its holdings in ATN International by 55.9% during the 1st quarter. Global Alpha Capital Management Ltd. now owns 211,054 shares of the technology company’s stock worth $11,901,000 after purchasing an additional 75,700 shares in the last quarter. Acadian Asset Management LLC increased its holdings in ATN International by 79.3% during the 1st quarter. Acadian Asset Management LLC now owns 76,579 shares of the technology company’s stock worth $4,316,000 after purchasing an additional 33,861 shares in the last quarter. Geode Capital Management LLC increased its holdings in ATN International by 9.1% during the 4th quarter. Geode Capital Management LLC now owns 130,524 shares of the technology company’s stock worth $9,336,000 after purchasing an additional 10,843 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in ATN International during the 4th quarter worth approximately $295,000. 63.37% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently weighed in on ATNI. BidaskClub raised Winmark from a “sell” rating to a “hold” rating in a research note on Tuesday, May 14th. Zacks Investment Research raised FirstService from a “strong sell” rating to a “hold” rating and set a $110.00 price target on the stock in a research note on Tuesday, June 25th. Finally, ValuEngine downgraded Yirendai from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 26th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $73.67.

About ATN International

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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