ATN International, Inc. (NASDAQ:ATNI) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets trimmed its holdings in ATN International, Inc. (NASDAQ:ATNI - Free Report) by 81.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,044 shares of the technology company's stock after selling 58,263 shares during the quarter. BNP Paribas Financial Markets owned about 0.09% of ATN International worth $219,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its stake in ATN International by 26.0% during the 4th 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 in the last quarter. Quantbot Technologies LP bought a new position in ATN International during the 4th quarter valued at $62,000. Gabelli Funds LLC bought a new position in ATN International during the 4th quarter valued at $2,367,000. Gamco Investors INC. ET AL boosted its stake in ATN International by 389.0% during the 4th quarter. Gamco Investors INC. ET AL now owns 65,250 shares of the technology company's stock valued at $1,097,000 after purchasing an additional 51,907 shares in the last quarter. Finally, Tudor Investment Corp ET AL boosted its stake in ATN International by 51.2% during the 4th quarter. Tudor Investment Corp ET AL now owns 42,360 shares of the technology company's stock valued at $712,000 after purchasing an additional 14,344 shares in the last quarter. 65.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ATNI shares. Raymond James set a $22.00 price target on ATN International in a research note on Thursday, March 6th. Wall Street Zen raised ATN International from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th.

ATN International Price Performance

Shares of NASDAQ:ATNI traded up $0.63 on Monday, reaching $14.84. 66,898 shares of the company traded hands, compared to its average volume of 92,999. ATN International, Inc. has a fifty-two week low of $13.76 and a fifty-two week high of $33.72. The company's 50 day moving average is $16.75 and its 200-day moving average is $17.51. The stock has a market capitalization of $225.82 million, a PE ratio of -5.46 and a beta of 0.69. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.21 and a quick ratio of 1.15.

ATN International (NASDAQ:ATNI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The technology company reported ($0.57) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.47). ATN International had a negative net margin of 4.79% and a positive return on equity of 0.52%. The company had revenue of $179.29 million for the quarter, compared to analyst estimates of $178.67 million. As a group, analysts anticipate that ATN International, Inc. will post -0.73 earnings per share for the current fiscal year.

ATN International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 7th. Stockholders of record on Monday, March 31st were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.47%. ATN International's dividend payout ratio (DPR) is presently -41.56%.

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.