ATN International, Inc. (NASDAQ:ATNI) Short Interest Update

ATN International, Inc. (NASDAQ:ATNI) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totalling 223,800 shares, a drop of 9.1% from the June 30th total of 246,100 shares. Based on an average daily trading volume, of 174,500 shares, the short-interest ratio is presently 1.3 days. Approximately 2.2% of the company’s stock are short sold.

Analyst Ratings Changes

Several analysts have commented on the stock. Raymond James restated a “strong-buy” rating and issued a $32.00 price objective (down from $40.00) on shares of ATN International in a report on Friday, April 26th. StockNews.com upgraded shares of ATN International from a “hold” rating to a “buy” rating in a report on Thursday, July 25th. Finally, BWS Financial reiterated a “buy” rating and set a $30.00 target price on shares of ATN International in a report on Friday, July 26th.

ATN International Stock Up 4.1 %

Shares of ATNI traded up $1.18 on Wednesday, hitting $29.67. 178,909 shares of the stock traded hands, compared to its average volume of 127,638. The company has a market capitalization of $454.54 million, a PE ratio of -22.82 and a beta of 0.56. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.00 and a current ratio of 1.10. The business has a 50 day simple moving average of $22.88 and a 200 day simple moving average of $28.06. ATN International has a one year low of $18.20 and a one year high of $39.88.

ATN International (NASDAQ:ATNI) last posted its earnings results on Wednesday, July 24th. The technology company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.76. ATN International had a negative net margin of 0.89% and a positive return on equity of 0.12%. The business had revenue of $183.28 million during the quarter, compared to the consensus estimate of $182.39 million. During the same quarter in the previous year, the firm posted ($0.03) EPS. As a group, equities analysts forecast that ATN International will post -0.21 earnings per share for the current fiscal year.

ATN International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Sunday, June 30th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date was Friday, June 28th. ATN International’s payout ratio is -73.85%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ATNI. Innealta Capital LLC purchased a new stake in ATN International in the 2nd quarter worth $26,000. GAMMA Investing LLC bought a new stake in shares of ATN International in the 4th quarter worth 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 worth $76,000 after buying an additional 1,625 shares during 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 worth $180,000 after buying an additional 1,968 shares during the last quarter. Finally, Keeley Teton Advisors LLC increased its holdings in shares of ATN International by 27.6% in the 4th 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 last quarter. Hedge funds and other institutional investors own 65.50% of the company’s stock.

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.