Atento (NYSE:ATTO) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Atento (NYSE:ATTOGet Rating) in a report issued on Monday. The brokerage issued a hold rating on the business services provider’s stock.

Atento Trading Up 3.1 %

Shares of Atento stock opened at $5.96 on Monday. The company has a 50 day moving average of $5.08 and a 200-day moving average of $5.29. Atento has a 1-year low of $2.40 and a 1-year high of $32.00. The company has a market cap of $92.09 million, a PE ratio of -0.67 and a beta of 1.59.

Atento (NYSE:ATTOGet Rating) last issued its quarterly earnings results on Tuesday, November 15th. The business services provider reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.20. The firm had revenue of $346.80 million for the quarter, compared to the consensus estimate of $352.60 million. Research analysts forecast that Atento will post -2.73 earnings per share for the current year.

Hedge Funds Weigh In On Atento

Several institutional investors and hedge funds have recently added to or reduced their stakes in ATTO. Goldman Sachs Group Inc. increased its position in Atento by 6.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 22,105 shares of the business services provider’s stock valued at $611,000 after acquiring an additional 1,398 shares during the period. Littlejohn & Co. LLC increased its position in Atento by 7.8% in the 2nd quarter. Littlejohn & Co. LLC now owns 303,348 shares of the business services provider’s stock valued at $3,030,000 after acquiring an additional 22,064 shares during the period. Finally, Renaissance Technologies LLC increased its position in Atento by 12.1% in the 2nd quarter. Renaissance Technologies LLC now owns 31,612 shares of the business services provider’s stock valued at $316,000 after acquiring an additional 3,400 shares during the period. Institutional investors own 48.01% of the company’s stock.

About Atento

(Get Rating)

Atento SA is engaged in the provision of customer relationship management business process outsourcing services and solutions. The firm offers front-end and back-end services ranging from sales, applications processing, customer care, and credit management. It operates through the following geographical segments: Europe, the Middle East and Africa (EMEA), America, and Brazil.

Further Reading

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