GAMMA Investing LLC Acquires 22,457 Shares of ATN International, Inc. (NASDAQ:ATNI)

GAMMA Investing LLC increased its holdings in shares of ATN International, Inc. (NASDAQ:ATNI - Free Report) by 1,865.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,661 shares of the technology company's stock after buying an additional 22,457 shares during the quarter. GAMMA Investing LLC owned 0.15% of ATN International worth $481,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of ATNI. Bank of New York Mellon Corp lifted its position in shares of 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 worth $2,099,000 after buying an additional 25,727 shares during the last quarter. Quantbot Technologies LP bought a new position in ATN International in the fourth quarter valued at about $62,000. Gabelli Funds LLC bought a new position in ATN International in the fourth quarter valued at about $2,367,000. Gamco Investors INC. ET AL raised its position in ATN International by 389.0% in the fourth 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 during the last quarter. Finally, Tudor Investment Corp ET AL raised its position in ATN International by 51.2% in the fourth 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 during the last quarter. 65.50% of the stock is currently owned by institutional investors.

ATN International Price Performance

ATN International stock opened at $15.43 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.11 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $234.84 million, a PE ratio of -6.68 and a beta of 0.62. ATN International, Inc. has a 12 month low of $13.76 and a 12 month high of $33.72. The stock has a 50-day moving average price of $15.89 and a two-hundred day moving average price of $17.17.

ATN International (NASDAQ:ATNI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The technology company reported ($0.57) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.47). ATN International had a positive return on equity of 1.27% and a negative net margin of 4.03%. The company had revenue of $179.29 million for the quarter, compared to the consensus estimate of $178.67 million. Analysts expect that ATN International, Inc. will post -0.73 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on ATNI shares. Raymond James Financial set a $22.00 target price on ATN International in a research report on Thursday, March 6th. Wall Street Zen upgraded ATN International from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th.

About ATN International

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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