Ameriprise Financial Inc. increased its stake in ATN International Inc (NASDAQ:ATNI) by 5.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 82,729 shares of the technology company’s stock after purchasing an additional 4,461 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.51% of ATN International worth $4,360,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in ATNI. River Road Asset Management LLC raised its holdings in ATN International by 16.8% in the 3rd quarter. River Road Asset Management LLC now owns 335,542 shares of the technology company’s stock worth $17,683,000 after purchasing an additional 48,330 shares during the period. Dean Capital Management raised its holdings in ATN International by 39.6% in the 2nd quarter. Dean Capital Management now owns 40,705 shares of the technology company’s stock worth $2,786,000 after purchasing an additional 11,545 shares during the period. Alps Advisors Inc. bought a new position in ATN International in the 3rd quarter worth $453,000. Martin & Co. Inc. TN raised its holdings in ATN International by 53.6% in the 2nd quarter. Martin & Co. Inc. TN now owns 23,800 shares of the technology company’s stock worth $1,629,000 after purchasing an additional 8,305 shares during the period. Finally, TIAA CREF Investment Management LLC raised its holdings in ATN International by 12.3% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 47,478 shares of the technology company’s stock worth $3,249,000 after purchasing an additional 5,200 shares during the period. 58.37% of the stock is currently owned by institutional investors.
A number of equities analysts recently commented on the company. Zacks Investment Research raised ATN International from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. BidaskClub cut ATN International from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Sidoti cut ATN International from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $73.00 to $57.00 in a report on Tuesday, October 3rd. Finally, TheStreet cut ATN International from a “c” rating to a “d+” rating in a report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The company presently has an average rating of “Hold” and an average price target of $57.00.
ATN International (NASDAQ:ATNI) last issued its quarterly earnings results on Monday, October 30th. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.18. ATN International had a positive return on equity of 3.34% and a negative net margin of 1.93%. The business had revenue of $122.13 million during the quarter, compared to analyst estimates of $123.92 million. equities analysts expect that ATN International Inc will post -0.93 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 8th. Shareholders of record on Sunday, December 31st will be paid a $0.17 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.68 dividend on an annualized basis and a yield of 1.23%. ATN International’s payout ratio is presently -111.47%.
In other news, insider Michael T. Prior sold 7,355 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $55.36, for a total transaction of $407,172.80. Following the completion of the transaction, the insider now owns 387,247 shares in the company, valued at $21,437,993.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Justin D. Benincasa sold 4,179 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $59.72, for a total value of $249,569.88. Following the transaction, the chief financial officer now owns 59,526 shares of the company’s stock, valued at approximately $3,554,892.72. The disclosure for this sale can be found here. Insiders sold a total of 13,534 shares of company stock valued at $765,963 in the last quarter. 32.70% of the stock is currently owned by company insiders.
ATN International Company 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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