Bank of New York Mellon Corp Grows Position in ATN International, Inc. (NASDAQ:ATNI)

Bank of New York Mellon Corp raised its position in shares of ATN International, Inc. (NASDAQ:ATNI) by 26.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 124,865 shares of the technology company’s stock after purchasing an additional 25,727 shares during the quarter. Bank of New York Mellon Corp’s holdings in ATN International were worth $2,099,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BNP Paribas Financial Markets lifted its stake in shares of ATN International by 758.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 71,307 shares of the technology company’s stock worth $2,306,000 after acquiring an additional 62,999 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new position in shares of ATN International in the 3rd quarter valued at $1,789,000. Brown Brothers Harriman & Co. increased its holdings in shares of ATN International by 3.5% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 627,150 shares of the technology company’s stock valued at $20,282,000 after acquiring an additional 21,347 shares during the period. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of ATN International by 43.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 14,652 shares of the technology company’s stock valued at $474,000 after acquiring an additional 4,457 shares during the period. Hedge funds and other institutional investors own 65.50% of the company’s stock.

Wall Street Analysts Forecast Growth

ATNI has been the topic of several research analyst reports. Raymond James set a $22.00 target price on ATN International in a research note on Thursday, March 6th. StockNews.com raised ATN International from a “hold” rating to a “buy” rating in a report on Thursday, March 6th.

ATN International Price Performance

ATNI stock opened at $22.79 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.21 and a quick ratio of 1.15. The business has a 50 day simple moving average of $17.69 and a 200-day simple moving average of $21.79. The firm has a market capitalization of $344.45 million, a PE ratio of -8.38 and a beta of 0.60. ATN International, Inc. has a 1 year low of $14.74 and a 1 year high of $33.72.

ATN International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 4.21%. ATN International’s dividend payout ratio (DPR) is -45.28%.

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.