ATN International (NASDAQ:ATNI) Given “Buy” Rating at BWS Financial

BWS Financial reaffirmed their buy rating on shares of ATN International (NASDAQ:ATNI) in a report issued on Monday, Benzinga reports. The firm currently has a $30.00 target price on the technology company’s stock.

Separately, Raymond James restated a strong-buy rating and set a $32.00 price objective (down previously from $40.00) on shares of ATN International in a research report on Friday, April 26th.

ATN International Stock Up 5.7 %

Shares of NASDAQ:ATNI opened at $20.16 on Monday. The stock has a market cap of $312.08 million, a P/E ratio of -15.68 and a beta of 0.39. The firm has a fifty day moving average price of $29.82 and a 200 day moving average price of $32.99. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.06 and a quick ratio of 0.89. ATN International has a 1-year low of $18.20 and a 1-year high of $41.03.

ATN International (NASDAQ:ATNI) last issued its quarterly earnings results on Wednesday, February 21st. The technology company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.01). The business had revenue of $198.97 million for the quarter, compared to analyst estimates of $192.07 million. ATN International had a negative return on equity of 1.17% and a negative net margin of 1.96%. Sell-side analysts predict that ATN International will post -0.52 EPS for the current 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 given a dividend of $0.21 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.84 dividend on an annualized basis and a yield of 4.17%. ATN International’s payout ratio is currently -73.85%.

Insiders Place Their Bets

In other news, Chairman Michael T. Prior acquired 10,000 shares of the business’s stock in a transaction on Monday, April 29th. The stock was bought at an average price of $19.88 per share, for a total transaction of $198,800.00. Following the transaction, the chairman now owns 523,026 shares in the company, valued at $10,397,756.88. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.54% of the stock is owned by insiders.

Hedge Funds Weigh In On ATN International

A number of large investors have recently made changes to their positions in ATNI. Copeland Capital Management LLC purchased a new position in shares of ATN International in the 3rd quarter valued at about $27,000. GAMMA Investing LLC purchased a new position in shares of ATN International in the 4th quarter valued at about $44,000. Public Employees Retirement System of Ohio increased its holdings in shares of ATN International by 498.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,951 shares of the technology company’s stock valued at $76,000 after purchasing an additional 1,625 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of ATN International by 52.6% in the 1st quarter. BNP Paribas Financial Markets now owns 5,708 shares of the technology company’s stock valued at $180,000 after purchasing an additional 1,968 shares in the last quarter. Finally, Keeley Teton Advisors LLC increased its holdings in shares of ATN International by 14.4% in the 3rd quarter. Keeley Teton Advisors LLC now owns 15,103 shares of the technology company’s stock valued at $477,000 after purchasing an additional 1,903 shares in 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.