ATN International, Inc. (NASDAQ:ATNI) Sees Large Decrease in Short Interest

ATN International, Inc. (NASDAQ:ATNI) was the target of a large decline in short interest in September. As of September 15th, there was short interest totalling 122,700 shares, a decline of 19.3% from the August 31st total of 152,100 shares. Approximately 1.2% of the company’s stock are short sold. Based on an average trading volume of 87,700 shares, the days-to-cover ratio is presently 1.4 days.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ATNI shares. BWS Financial reaffirmed 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 upgraded shares of ATN International from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th.

ATN International Stock Performance

Shares of NASDAQ:ATNI traded up $1.58 on Friday, reaching $33.30. 33,622 shares of the company’s stock were exchanged, compared to its average volume of 114,923. The company has a fifty day moving average of $27.12 and a 200-day moving average of $25.82. ATN International has a twelve month low of $18.20 and a twelve month high of $39.88. The company has a market capitalization of $510.06 million, a price-to-earnings ratio of -24.40, a PEG ratio of 33.62 and a beta of 0.56. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 0.83.

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, topping analysts’ consensus estimates of ($0.26) by $0.76. The firm had revenue of $183.28 million for the quarter, compared to analyst estimates of $182.39 million. ATN International had a negative net margin of 0.89% and a positive return on equity of 0.12%. During the same quarter in the prior year, the business posted ($0.03) EPS. On average, research analysts predict that ATN International will post 0.09 EPS for the current fiscal year.

ATN International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Monday, September 30th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.96 annualized dividend and a dividend yield of 2.88%. ATN International’s dividend payout ratio is -73.85%.

Institutional Trading of ATN International

Large investors have recently made changes to their positions in the company. Innealta Capital LLC acquired a new stake in shares of ATN International during the 2nd quarter worth approximately $26,000. GAMMA Investing LLC boosted its position in ATN International by 64.3% in the first quarter. GAMMA Investing LLC now owns 1,940 shares of the technology company’s stock valued at $61,000 after buying an additional 759 shares in the last quarter. BNP Paribas Financial Markets boosted its position in ATN International by 52.6% in the first quarter. BNP Paribas Financial Markets now owns 5,708 shares of the technology company’s stock valued at $180,000 after buying an additional 1,968 shares in the last quarter. Gabelli Funds LLC acquired a new stake in ATN International in the second quarter valued at approximately $206,000. Finally, Keeley Teton Advisors LLC boosted its position in ATN International by 27.6% in the fourth 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 in the last quarter. Institutional investors and hedge funds 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.