ATN International (NASDAQ:ATNI) Cut to “Hold” at StockNews.com

ATN International (NASDAQ:ATNI) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

Separately, BWS Financial reissued a “buy” rating and issued a $30.00 price target on shares of ATN International in a report on Friday, July 26th.

ATN International Trading Down 8.4 %

ATNI stock traded down $1.91 on Thursday, hitting $20.96. 128,080 shares of the company were exchanged, compared to its average volume of 107,980. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.10 and a quick ratio of 1.04. The stock has a market capitalization of $316.79 million, a price-to-earnings ratio of -7.71, a price-to-earnings-growth ratio of 35.86 and a beta of 0.57. ATN International has a twelve month low of $18.20 and a twelve month high of $39.88. The business’s fifty day moving average is $29.99 and its two-hundred day moving average is $26.05.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Innealta Capital LLC acquired a new position in ATN International in the 2nd quarter valued at $26,000. GAMMA Investing LLC boosted its position in ATN International by 72.2% in the second quarter. GAMMA Investing LLC now owns 3,340 shares of the technology company’s stock valued at $76,000 after buying an additional 1,400 shares in the last quarter. SG Americas Securities LLC acquired a new stake in ATN International during the 3rd quarter valued at $113,000. BNP Paribas Financial Markets raised its holdings in shares of ATN International by 52.6% in the first quarter. BNP Paribas Financial Markets now owns 5,708 shares of the technology company’s stock valued at $180,000 after buying an additional 1,968 shares during the last quarter. Finally, Gabelli Funds LLC bought a new position in shares of ATN International in the second quarter worth about $206,000. 65.50% of the stock is owned by institutional investors and hedge funds.

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.