ATN International, Inc. (NASDAQ:ATNI) Short Interest Down 5.4% in March

ATN International, Inc. (NASDAQ:ATNI) saw a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 186,200 shares, a decrease of 5.4% from the March 15th total of 196,900 shares. Based on an average daily volume of 92,100 shares, the short-interest ratio is presently 2.0 days. Approximately 1.8% of the shares of the stock are sold short.

ATN International Trading Up 1.1 %

Shares of ATN International stock opened at $27.62 on Tuesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.96 and a quick ratio of 0.89. The company has a market capitalization of $427.56 million, a P/E ratio of -22.27 and a beta of 0.39. ATN International has a 1 year low of $26.68 and a 1 year high of $43.04. The business has a 50 day moving average price of $32.29 and a 200 day moving average price of $33.58.

ATN International (NASDAQ:ATNI) last announced its quarterly earnings data on Wednesday, February 21st. The technology company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.01). The firm had revenue of $198.97 million for the quarter, compared to analysts’ expectations of $192.07 million. ATN International had a negative net margin of 1.91% and a negative return on equity of 0.92%. Sell-side analysts anticipate that ATN International will post -0.31 EPS for the current fiscal year.

ATN International Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Sunday, March 31st were paid a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.84 annualized dividend and a yield of 3.04%. ATN International’s payout ratio is currently -77.42%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ATNI. GAMMA Investing LLC raised its stake in ATN International by 64.3% during the first quarter. GAMMA Investing LLC now owns 1,940 shares of the technology company’s stock worth $61,000 after purchasing an additional 759 shares during the period. Copeland Capital Management LLC acquired a new position in shares of ATN International in the 3rd quarter valued at about $27,000. Rhumbline Advisers increased its position in ATN International by 2.9% during the 2nd quarter. Rhumbline Advisers now owns 32,673 shares of the technology company’s stock worth $1,533,000 after purchasing an additional 935 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its position in ATN International by 48.0% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 3,932 shares of the technology company’s stock valued at $153,000 after buying an additional 1,275 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of ATN International by 498.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 1,951 shares of the technology company’s stock worth $76,000 after acquiring an additional 1,625 shares in the last quarter. Institutional investors and hedge funds own 65.50% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Raymond James raised ATN International from an “outperform” rating to a “strong-buy” rating and lifted their price target for the stock from $39.00 to $40.00 in a research note on Friday, February 23rd.

About ATN International

ATN International, Inc, through its subsidiaries, engages in the provision of digital infrastructure and communications services to residential, business, and government customers in the United States and internationally. The company operates through International Telecom and US Telecom segments. The company offers mobile, data, voice, broadband, and fixed services; handsets and accessories; and wholesale roaming, long distance voice services, and site maintenance services.