ATN International's (ATNI) "Buy" Rating Reaffirmed at BWS Financial

BWS Financial reaffirmed their buy rating on shares of ATN International (NASDAQ:ATNI - Free Report) in a research report released on Monday, Benzinga reports. The brokerage currently has a $30.00 price objective on the technology company's stock.

Separately, Raymond James reissued a strong-buy rating and issued a $32.00 price target (down from $40.00) on shares of ATN International in a report on Friday.

ATN International Stock Performance

Shares of ATN International stock traded up $0.25 during mid-day trading on Monday, hitting $19.77. 209,349 shares of the stock were exchanged, compared to its average volume of 95,409. The company has a market capitalization of $306.04 million, a P/E ratio of -15.21 and a beta of 0.39. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.89 and a current ratio of 1.06. The company has a 50-day simple moving average of $30.17 and a 200 day simple moving average of $33.08. ATN International has a 12 month low of $18.20 and a 12 month high of $41.03.

ATN International (NASDAQ:ATNI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The technology company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.01). ATN International had a negative return on equity of 1.17% and a negative net margin of 1.96%. The business had revenue of $198.97 million for the quarter, compared to the consensus estimate of $192.07 million. Sell-side analysts anticipate that ATN International will post -0.31 earnings per share for the current fiscal year.

ATN International Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Sunday, March 31st were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date of this dividend was Wednesday, March 27th. ATN International's dividend payout ratio is currently -73.85%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Brown Brothers Harriman & Co. increased its holdings in ATN International by 1.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 595,703 shares of the technology company's stock worth $23,215,000 after acquiring an additional 10,000 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of ATN International by 1.4% in the third quarter. Bank of New York Mellon Corp now owns 188,995 shares of the technology company's stock valued at $5,965,000 after purchasing an additional 2,580 shares during the period. Keeley Teton Advisors LLC lifted its stake in shares of ATN International by 27.6% during the 4th 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. Public Employees Retirement System of Ohio boosted its holdings in ATN International by 498.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,951 shares of the technology company's stock worth $76,000 after buying an additional 1,625 shares during the period. Finally, GAMMA Investing LLC grew its stake in ATN International by 64.3% in the 1st 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. Hedge funds and other institutional investors 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.