GAMMA Investing LLC raised its holdings in ATN International, Inc. (NASDAQ:ATNI - Free Report) by 1,865.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,661 shares of the technology company's stock after acquiring an additional 22,457 shares during the quarter. GAMMA Investing LLC owned 0.15% of ATN International worth $481,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Gabelli Funds LLC acquired a new stake in ATN International in the 4th quarter valued at about $2,367,000. Bank of New York Mellon Corp lifted its holdings in ATN International by 26.0% in 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 acquiring an additional 25,727 shares during the last quarter. Gamco Investors INC. ET AL lifted its holdings in ATN International by 389.0% in 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 acquiring an additional 51,907 shares during the last quarter. Tudor Investment Corp ET AL lifted its holdings in ATN International by 51.2% in the 4th quarter. Tudor Investment Corp ET AL now owns 42,360 shares of the technology company's stock valued at $712,000 after acquiring an additional 14,344 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in ATN International in the 4th quarter valued at about $62,000. 65.50% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on the stock. Wall Street Zen raised shares of ATN International from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Raymond James Financial set a $22.00 price objective on shares of ATN International in a research note on Thursday, March 6th.
Read Our Latest Stock Analysis on ATN International
ATN International Trading Up 7.5%
ATNI stock traded up $1.14 during mid-day trading on Monday, reaching $16.40. 59,773 shares of the stock traded hands, compared to its average volume of 76,178. The company has a current ratio of 1.16, a quick ratio of 1.11 and a debt-to-equity ratio of 0.95. ATN International, Inc. has a 52-week low of $13.76 and a 52-week high of $33.72. The company has a market cap of $249.61 million, a P/E ratio of -7.10 and a beta of 0.62. The stock's fifty day moving average is $15.82 and its 200-day moving average is $17.09.
ATN International (NASDAQ:ATNI - Get Free Report) last posted 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 4.03% and a positive return on equity of 1.27%. The firm had revenue of $179.29 million for the quarter, compared to analysts' expectations of $178.67 million. As a group, sell-side analysts expect that ATN International, Inc. will post -0.73 earnings per share for the current year.
ATN International Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Monday, June 30th will be issued a $0.275 dividend. This is an increase from ATN International's previous quarterly dividend of $0.24. The ex-dividend date is Monday, June 30th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 6.71%. ATN International's dividend payout ratio is currently -41.56%.
About ATN International
(
Free Report)
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.
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