ATN International (NASDAQ:ATNI) Rating Reiterated by BWS Financial

BWS Financial reiterated their buy rating on shares of ATN International (NASDAQ:ATNI) in a report published on Monday, Benzinga reports. They currently have a $30.00 price target on the technology company’s stock.

Separately, Raymond James reaffirmed a strong-buy rating and set a $32.00 price target (down previously from $40.00) on shares of ATN International in a research note on Friday.

ATN International Stock Up 1.3 %

ATNI opened at $19.77 on Monday. The company has a market capitalization of $306.04 million, a PE ratio of -15.21 and a beta of 0.39. The firm has a 50-day simple moving average of $30.17 and a two-hundred day simple moving average of $33.08. The company has a quick ratio of 0.89, a current ratio of 1.06 and a debt-to-equity ratio of 0.83. ATN International has a 52 week low of $18.20 and a 52 week high of $41.03.

ATN International (NASDAQ:ATNI) last released its quarterly earnings results on Wednesday, February 21st. The technology company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.01). ATN International had a negative net margin of 1.96% and a negative return on equity of 1.17%. The firm had revenue of $198.97 million for the quarter, compared to analysts’ expectations of $192.07 million. Analysts forecast that ATN International will post -0.31 earnings per share for the current fiscal year.

ATN International Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Sunday, March 31st were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 4.25%. The ex-dividend date of this dividend was Wednesday, March 27th. ATN International’s payout ratio is -73.85%.

Institutional Investors Weigh In On ATN International

Several hedge funds and other institutional investors have recently made changes to their positions in ATNI. Brown Brothers Harriman & Co. grew its holdings in ATN International by 1.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 595,703 shares of the technology company’s stock valued at $23,215,000 after purchasing an additional 10,000 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of ATN International by 1.4% during the third quarter. Bank of New York Mellon Corp now owns 188,995 shares of the technology company’s stock valued at $5,965,000 after buying an additional 2,580 shares during the period. Keeley Teton Advisors LLC raised its holdings in shares of ATN International by 27.6% in the fourth quarter. Keeley Teton Advisors LLC now owns 19,266 shares of the technology company’s stock worth $751,000 after buying an additional 4,163 shares during the period. Public Employees Retirement System of Ohio lifted its stake in shares of ATN International by 498.5% during the 4th 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 during the last quarter. Finally, GAMMA Investing LLC grew its position in ATN International by 64.3% in the 1st quarter. GAMMA Investing LLC now owns 1,940 shares of the technology company’s stock valued at $61,000 after acquiring an additional 759 shares during the last quarter. Hedge funds and other institutional investors own 65.50% of the company’s stock.

ATN International Company Profile

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.