First Mercantile Trust Co. lessened its stake in ATN International Inc (NASDAQ:ATNI) by 16.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,041 shares of the technology company’s stock after selling 200 shares during the quarter. First Mercantile Trust Co.’s holdings in ATN International were worth $59,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Arizona State Retirement System grew its holdings in shares of ATN International by 6.2% in the fourth quarter. Arizona State Retirement System now owns 16,718 shares of the technology company’s stock valued at $1,196,000 after purchasing an additional 978 shares during the period. SG Americas Securities LLC lifted its position in ATN International by 9.0% in the fourth quarter. SG Americas Securities LLC now owns 35,176 shares of the technology company’s stock valued at $2,516,000 after buying an additional 2,908 shares during the last quarter. Acadian Asset Management LLC lifted its position in ATN International by 886.1% in the fourth quarter. Acadian Asset Management LLC now owns 42,718 shares of the technology company’s stock valued at $3,057,000 after buying an additional 38,386 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in ATN International in the fourth quarter valued at about $209,000. Finally, Metropolitan Life Insurance Co. NY lifted its position in ATN International by 381.2% in the fourth 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. 63.37% of the stock is owned by institutional investors.
Shares of ATNI stock traded up $0.17 during trading hours on Friday, reaching $62.38. 56,337 shares of the stock were exchanged, compared to its average volume of 41,757. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.80 and a current ratio of 1.85. ATN International Inc has a 12-month low of $49.34 and a 12-month high of $88.78. The firm has a market capitalization of $997.46 million, a price-to-earnings ratio of 48.36 and a beta of 0.43.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 8th. Shareholders of record on Sunday, June 30th will be paid a $0.17 dividend. The ex-dividend date is Thursday, June 27th. This represents a $0.68 annualized dividend and a yield of 1.09%. ATN International’s dividend payout ratio is currently 52.71%.
A number of research firms have commented on ATNI. Zacks Investment Research cut shares of ATN International from a “hold” rating to a “sell” rating in a research report on Tuesday, May 7th. BidaskClub raised shares of ATN International from a “sell” rating to a “hold” rating in a research report on Tuesday, May 14th. ValuEngine raised shares of ATN International from a “hold” rating to a “buy” rating in a research report on Friday, May 10th. Finally, Maxim Group raised shares of ATN International from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a research report on Friday, February 22nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $73.67.
In other ATN International news, CFO Justin D. Benincasa sold 1,250 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $60.96, for a total value of $76,200.00. Following the transaction, the chief financial officer now directly owns 56,876 shares in the company, valued at $3,467,160.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.34% of the company’s stock.
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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