Innealta Capital LLC Makes New Investment in ATN International, Inc. (NASDAQ:ATNI)

Innealta Capital LLC purchased a new position in shares of ATN International, Inc. (NASDAQ:ATNI) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,158 shares of the technology company’s stock, valued at approximately $26,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Brown Brothers Harriman & Co. increased its position in ATN International by 1.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 595,703 shares of the technology company’s stock worth $23,215,000 after purchasing an additional 10,000 shares during the last quarter. Keeley Teton Advisors LLC grew its stake 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 valued at $751,000 after buying an additional 4,163 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of ATN International by 52.6% during 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, GAMMA Investing LLC raised its position in shares of ATN International by 72.2% during the 2nd quarter. GAMMA Investing LLC now owns 3,340 shares of the technology company’s stock valued at $76,000 after buying an additional 1,400 shares during the period. Institutional investors and hedge funds own 65.50% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. BWS Financial reiterated a “buy” rating and issued a $30.00 price objective on shares of ATN International in a research report on Friday, July 26th. StockNews.com cut ATN International from a “buy” rating to a “hold” rating in a report on Friday, August 2nd.

ATN International Stock Performance

Shares of ATNI stock opened at $26.76 on Friday. 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 firm has a market cap of $409.88 million, a P/E ratio of -20.58, a P/E/G ratio of 31.66 and a beta of 0.56. The firm’s 50 day moving average price is $24.55 and its 200-day moving average price is $26.57. ATN International, Inc. has a one year low of $18.20 and a one year high of $39.88.

ATN International (NASDAQ:ATNI) last announced its earnings results on Wednesday, July 24th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.76. ATN International had a positive return on equity of 0.12% and a negative net margin of 0.89%. The company had revenue of $183.28 million for the quarter, compared to analyst estimates of $182.39 million. During the same quarter in the previous year, the company earned ($0.03) earnings per share. As a group, equities research analysts predict that ATN International, Inc. will post 0.09 EPS for the current year.

ATN International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Sunday, June 30th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 3.59%. The ex-dividend date was Friday, June 28th. ATN International’s payout ratio is -73.85%.

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.