Rhumbline Advisers Sells 2,445 Shares of ATN International, Inc. (NASDAQ:ATNI)

Rhumbline Advisers trimmed its holdings in ATN International, Inc. (NASDAQ:ATNI) by 6.4% during the second quarter, Holdings Channel reports. The institutional investor owned 35,600 shares of the technology company’s stock after selling 2,445 shares during the quarter. Rhumbline Advisers’ holdings in ATN International were worth $1,619,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Ameriprise Financial Inc. lifted its stake in shares of ATN International by 1.8% in the first quarter. Ameriprise Financial Inc. now owns 47,788 shares of the technology company’s stock valued at $2,347,000 after buying an additional 829 shares in the last quarter. Teton Advisors Inc. raised its holdings in shares of ATN International by 10.7% in the first quarter. Teton Advisors Inc. now owns 6,200 shares of the technology company’s stock valued at $305,000 after purchasing an additional 600 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of ATN International in the first quarter valued at about $33,000. Quantbot Technologies LP raised its holdings in shares of ATN International by 31.9% in the first quarter. Quantbot Technologies LP now owns 1,112 shares of the technology company’s stock valued at $54,000 after purchasing an additional 269 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of ATN International by 7.5% in the first quarter. Bank of New York Mellon Corp now owns 186,070 shares of the technology company’s stock valued at $9,140,000 after purchasing an additional 13,036 shares during the last quarter. 64.40% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ ATNI opened at $47.48 on Friday. ATN International, Inc. has a 52-week low of $40.99 and a 52-week high of $52.65. The company has a 50-day simple moving average of $45.11 and a 200 day simple moving average of $46.88. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.41 and a current ratio of 1.46. The company has a market capitalization of $753.22 million, a PE ratio of -57.90 and a beta of 0.24.

ATN International (NASDAQ:ATNI) last posted its quarterly earnings data on Tuesday, July 27th. The technology company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.06. ATN International had a negative net margin of 2.71% and a negative return on equity of 0.67%. The business had revenue of $123.87 million during the quarter, compared to the consensus estimate of $125.27 million. As a group, analysts forecast that ATN International, Inc. will post 0.31 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 8th. Investors of record on Thursday, September 30th will be issued a dividend of $0.17 per share. The ex-dividend date is Wednesday, September 29th. This represents a $0.68 dividend on an annualized basis and a yield of 1.43%. ATN International’s dividend payout ratio (DPR) is presently -188.89%.

Separately, Zacks Investment Research downgraded shares of ATN International from a “buy” rating to a “hold” rating in a report on Thursday, August 5th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $56.25.

ATN International Company Profile

ATN International, Inc engages in investment in communications, energy, and technology businesses. It operates through the following segments: U.S. Telecom, International Telecom, and Renewable Energy. The U.S. Telecom segment offers carrier services, including wholesale roaming services, site maintenance, and the leasing of critical network infrastructure.

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Institutional Ownership by Quarter for ATN International (NASDAQ:ATNI)

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