ATN International, Inc. (NASDAQ:ATNI) Short Interest Update

ATN International, Inc. (NASDAQ:ATNI) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totalling 223,800 shares, a drop of 9.1% from the June 30th total of 246,100 shares. Currently, 2.2% of the company’s shares are sold short. Based on an average daily volume of 174,500 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Innealta Capital LLC purchased a new stake in ATN International during the second quarter valued at approximately $26,000. GAMMA Investing LLC bought a new stake in shares of ATN International in the 4th quarter worth about $44,000. Public Employees Retirement System of Ohio lifted its holdings in shares of 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 acquiring an additional 1,625 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of ATN International by 52.6% in the 1st quarter. BNP Paribas Financial Markets now owns 5,708 shares of the technology company’s stock worth $180,000 after acquiring an additional 1,968 shares during the last quarter. Finally, Keeley Teton Advisors LLC increased its stake in ATN International by 27.6% in the 4th quarter. Keeley Teton Advisors LLC now owns 19,266 shares of the technology company’s stock worth $751,000 after buying an additional 4,163 shares during the period. 65.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ATNI shares. BWS Financial reiterated a “buy” rating and issued a $30.00 target price on shares of ATN International in a research report on Friday, July 26th. StockNews.com upgraded shares of ATN International from a “hold” rating to a “buy” rating in a research report on Thursday, July 25th. Finally, Raymond James restated a “strong-buy” rating and issued a $32.00 price objective (down previously from $40.00) on shares of ATN International in a research report on Friday, April 26th.

ATN International Trading Up 4.1 %

Shares of ATNI stock traded up $1.18 during mid-day trading on Wednesday, reaching $29.67. The stock had a trading volume of 178,909 shares, compared to its average volume of 127,638. The stock’s 50-day moving average price is $22.88 and its two-hundred day moving average price is $28.06. ATN International has a 52-week low of $18.20 and a 52-week high of $39.88. The firm has a market capitalization of $454.54 million, a PE ratio of -22.82 and a beta of 0.56. The company has a current ratio of 1.10, a quick ratio of 1.00 and a debt-to-equity ratio of 0.83.

ATN International (NASDAQ:ATNI) last announced its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.76. ATN International had a negative net margin of 0.89% and a positive return on equity of 0.12%. The company had revenue of $183.28 million for the quarter, compared to analysts’ expectations of $182.39 million. During the same quarter in the previous year, the company earned ($0.03) earnings per share. Equities analysts expect that ATN International will post -0.21 earnings per share for the current fiscal year.

ATN International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Sunday, June 30th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, June 28th. This represents a $0.96 annualized dividend and a dividend yield of 3.24%. ATN International’s payout ratio is -73.85%.

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.