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

BWS Financial reissued their buy rating on shares of ATN International (NASDAQ:ATNI) in a report issued on Friday morning, Benzinga reports. The brokerage currently has a $30.00 target price on the technology company’s stock.

ATNI has been the subject of a number of other reports. Raymond James reaffirmed a strong-buy rating and set a $32.00 price objective (down from $40.00) on shares of ATN International in a report on Friday, April 26th. StockNews.com raised shares of ATN International from a hold rating to a buy rating in a report on Thursday, July 25th.

ATN International Price Performance

Shares of ATN International stock opened at $27.03 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.10 and a quick ratio of 1.00. ATN International has a fifty-two week low of $18.20 and a fifty-two week high of $39.88. The firm has a fifty day moving average price of $22.83 and a two-hundred day moving average price of $28.12. The company has a market cap of $414.10 million, a PE ratio of -20.79 and a beta of 0.56.

ATN International (NASDAQ:ATNI) last issued its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.76. The firm had revenue of $183.28 million during the quarter, compared to the consensus estimate of $182.39 million. ATN International had a negative net margin of 0.89% and a positive return on equity of 0.12%. During the same period in the prior year, the firm earned ($0.03) EPS. Analysts expect that ATN International will post -0.7 EPS for the current year.

ATN International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Investors of record on Sunday, June 30th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend was Friday, June 28th. ATN International’s dividend payout ratio (DPR) is currently -73.85%.

Institutional Investors Weigh In On ATN International

Hedge funds have recently made changes to their positions in the company. Innealta Capital LLC acquired a new stake in shares of ATN International during the 2nd quarter worth about $26,000. GAMMA Investing LLC acquired a new stake in shares of ATN International during the 4th quarter worth about $44,000. Public Employees Retirement System of Ohio increased its position in shares of ATN International by 498.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,951 shares of the technology company’s stock worth $76,000 after purchasing an additional 1,625 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of ATN International by 52.6% during the 1st quarter. BNP Paribas Financial Markets now owns 5,708 shares of the technology company’s stock worth $180,000 after purchasing an additional 1,968 shares in the last quarter. Finally, Keeley Teton Advisors LLC increased its position 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 worth $751,000 after purchasing an additional 4,163 shares in the last quarter. Institutional investors and hedge funds 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.