ATN International (NASDAQ:ATNI) Lowered to Hold Rating by StockNews.com

StockNews.com lowered shares of ATN International (NASDAQ:ATNI) from a buy rating to a hold rating in a report released on Monday.

Separately, Raymond James set a $22.00 price objective on ATN International in a research report on Thursday, March 6th.

ATN International Stock Up 0.5 %

Shares of ATNI opened at $16.12 on Monday. ATN International has a 1 year low of $14.63 and a 1 year high of $33.72. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.21 and a quick ratio of 1.15. The stock has a 50 day simple moving average of $18.99 and a two-hundred day simple moving average of $18.88. The firm has a market cap of $249.55 million, a P/E ratio of -5.93 and a beta of 0.66.

ATN International (NASDAQ:ATNI) last released its quarterly earnings data on Wednesday, April 30th. The technology company reported ($0.57) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.47). The company had revenue of $179.29 million during the quarter, compared to analysts’ expectations of $178.67 million. ATN International had a positive return on equity of 0.52% and a negative net margin of 4.79%. On average, analysts forecast that ATN International will post -0.73 earnings per share for the current fiscal year.

ATN International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 7th. Investors of record on Monday, March 31st were given a dividend of $0.24 per share. The ex-dividend date was Monday, March 31st. This represents a $0.96 dividend on an annualized basis and a yield of 5.96%. ATN International’s dividend payout ratio (DPR) is currently -41.56%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ATNI. Gabelli Funds LLC bought a new position in ATN International in the 4th quarter valued at approximately $2,367,000. Gamco Investors INC. ET AL raised its holdings in shares of ATN International by 389.0% during the fourth quarter. Gamco Investors INC. ET AL now owns 65,250 shares of the technology company’s stock valued at $1,097,000 after purchasing an additional 51,907 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new stake in ATN International in the first quarter worth approximately $632,000. Bank of New York Mellon Corp grew its position in ATN International by 26.0% in the 4th quarter. Bank of New York Mellon Corp now owns 124,865 shares of the technology company’s stock worth $2,099,000 after purchasing an additional 25,727 shares during the period. Finally, GAMMA Investing LLC raised its stake in ATN International by 1,865.2% during the 1st quarter. GAMMA Investing LLC now owns 23,661 shares of the technology company’s stock valued at $481,000 after buying an additional 22,457 shares during the last quarter. 65.50% of the stock is owned by hedge funds and other institutional investors.

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.