ATN International, Inc. (NASDAQ:ATNI) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. decreased its position in shares of ATN International, Inc. (NASDAQ:ATNI) by 6.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,474 shares of the technology company’s stock after selling 2,349 shares during the quarter. Ameriprise Financial Inc. owned 0.22% of ATN International worth $563,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quantbot Technologies LP acquired a new stake in shares of ATN International during the fourth quarter worth about $62,000. Tudor Investment Corp ET AL lifted its holdings in shares of ATN International by 51.2% during the fourth quarter. Tudor Investment Corp ET AL now owns 42,360 shares of the technology company’s stock worth $712,000 after purchasing an additional 14,344 shares during the period. Gamco Investors INC. ET AL lifted 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 worth $1,097,000 after purchasing an additional 51,907 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of ATN International by 26.0% during the fourth 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, Gabelli Funds LLC acquired a new stake in shares of ATN International during the fourth quarter worth about $2,367,000. Institutional investors and hedge funds own 65.50% of the company’s stock.

ATN International Stock Up 2.2%

Shares of ATNI stock opened at $15.17 on Wednesday. The stock has a 50 day moving average of $16.62 and a 200 day moving average of $17.50. The company has a current ratio of 1.21, a quick ratio of 1.15 and a debt-to-equity ratio of 0.95. The stock has a market cap of $230.84 million, a P/E ratio of -5.58 and a beta of 0.69. ATN International, Inc. has a twelve month low of $13.76 and a twelve month high of $33.72.

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

ATN International Announces Dividend

The business 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. This represents a $0.96 annualized dividend and a yield of 6.33%. The ex-dividend date of this dividend was Monday, March 31st. ATN International’s dividend payout ratio is currently -41.56%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ATNI. Raymond James set a $22.00 target price on ATN International in a report on Thursday, March 6th. Wall Street Zen raised ATN International from a “hold” rating to a “buy” rating in a report on Tuesday, May 13th.

ATN International 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.