SG Americas Securities LLC Purchases New Position in ATN International, Inc. (NASDAQ:ATNI)

SG Americas Securities LLC purchased a new stake in ATN International, Inc. (NASDAQ:ATNI) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,489 shares of the technology company’s stock, valued at approximately $113,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ATNI. BNP Paribas Financial Markets boosted its holdings in 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 purchasing an additional 1,968 shares in the last quarter. GAMMA Investing LLC lifted its stake 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 during the last quarter. Innealta Capital LLC purchased a new stake in ATN International in the second quarter valued at approximately $26,000. Brown Brothers Harriman & Co. lifted its stake in ATN International by 1.7% in the second quarter. Brown Brothers Harriman & Co. now owns 605,803 shares of the technology company’s stock valued at $13,812,000 after buying an additional 10,000 shares during the last quarter. Finally, Summit Trail Advisors LLC lifted its stake in ATN International by 26.6% in the second quarter. Summit Trail Advisors LLC now owns 26,195 shares of the technology company’s stock valued at $604,000 after buying an additional 5,506 shares during the last quarter. 65.50% of the stock is owned by institutional investors and hedge funds.

ATN International Price Performance

ATN International stock opened at $31.04 on Friday. ATN International, Inc. has a 12 month low of $18.20 and a 12 month high of $39.88. 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 business has a 50 day simple moving average of $29.83 and a 200-day simple moving average of $26.02. The stock has a market capitalization of $475.44 million, a PE ratio of -23.88, a price-to-earnings-growth ratio of 35.86 and a beta of 0.57.

ATN International (NASDAQ:ATNI) last released its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.50 EPS for the quarter, topping the consensus estimate of ($0.26) by $0.76. ATN International had a positive return on equity of 0.12% and a negative net margin of 0.89%. The business had revenue of $183.28 million during the quarter, compared to analysts’ expectations of $182.39 million. During the same quarter in the prior year, the business earned ($0.03) earnings per share. Equities analysts predict that ATN International, Inc. will post 0.09 earnings per share for the current year.

ATN International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Monday, September 30th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 3.09%. The ex-dividend date was Monday, September 30th. ATN International’s dividend payout ratio (DPR) is presently -73.85%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ATNI. StockNews.com upgraded ATN International from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th. BWS Financial reiterated a “buy” rating and issued a $30.00 price objective on shares of ATN International in a research note on Friday, July 26th.

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.