Quantbot Technologies LP Takes $62,000 Position in ATN International, Inc. (NASDAQ:ATNI)

Quantbot Technologies LP bought a new position in ATN International, Inc. (NASDAQ:ATNI) in the fourth quarter, Holdings Channel reports. The firm bought 3,685 shares of the technology company’s stock, valued at approximately $62,000.

A number of other hedge funds have also bought and sold shares of ATNI. Public Employees Retirement System of Ohio increased its position in shares of ATN International by 43.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 14,652 shares of the technology company’s stock valued at $474,000 after acquiring an additional 4,457 shares during the period. BNP Paribas Financial Markets grew its stake in ATN International by 758.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 71,307 shares of the technology company’s stock valued at $2,306,000 after purchasing an additional 62,999 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of ATN International by 26.0% in the fourth quarter. Bank of New York Mellon Corp now owns 124,865 shares of the technology company’s stock valued at $2,099,000 after purchasing an additional 25,727 shares during the period. Institutional investors and hedge funds own 65.50% of the company’s stock.

ATN International Stock Performance

Shares of ATNI stock opened at $20.27 on Wednesday. ATN International, Inc. has a 52-week low of $14.74 and a 52-week high of $33.72. The company has a quick ratio of 1.15, a current ratio of 1.21 and a debt-to-equity ratio of 0.95. The stock has a market cap of $313.80 million, a PE ratio of -7.45 and a beta of 0.60. The business has a 50-day simple moving average of $18.49 and a 200-day simple moving average of $21.36.

ATN International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Monday, March 31st will be given a $0.24 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.96 annualized dividend and a yield of 4.74%. ATN International’s dividend payout ratio is presently -45.28%.

Analyst Ratings Changes

A number of research firms recently commented on ATNI. Raymond James set a $22.00 target price on ATN International in a report on Thursday, March 6th. StockNews.com upgraded shares of ATN International from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th.

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.