StockNews.com Begins Coverage on ATN International (NASDAQ:ATNI)

Equities researchers at StockNews.com assumed coverage on shares of ATN International (NASDAQ:ATNI – Get Rating) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the technology company’s stock.

ATNI has been the topic of several other research reports. TheStreet upgraded shares of ATN International from a “d+” rating to a “c-” rating in a research note on Friday, November 18th. Raymond James lowered their target price on ATN International from $49.00 to $46.00 and set an “outperform” rating on the stock in a research report on Friday, February 24th.

ATN International Trading Down 3.8 %

NASDAQ ATNI opened at $39.26 on Thursday. ATN International has a one year low of $34.74 and a one year high of $50.45. The company has a 50-day simple moving average of $45.23 and a 200-day simple moving average of $44.20. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.03 and a current ratio of 0.99. The firm has a market capitalization of $618.86 million, a PE ratio of -58.60 and a beta of 0.39.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Mutual of America Capital Management LLC boosted its stake in ATN International by 16.0% during the 2nd quarter. Mutual of America Capital Management LLC now owns 1,825 shares of the technology company’s stock valued at $86,000 after purchasing an additional 252 shares in the last quarter. New York State Teachers Retirement System boosted its stake in ATN International by 2.1% during the fourth quarter. New York State Teachers Retirement System now owns 14,883 shares of the technology company’s stock valued at $674,000 after buying an additional 300 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in ATN International by 274.9% during the third quarter. Nisa Investment Advisors LLC now owns 791 shares of the technology company’s stock worth $31,000 after acquiring an additional 580 shares during the period. SG Americas Securities LLC raised its position in ATN International by 22.4% in the fourth quarter. SG Americas Securities LLC now owns 3,196 shares of the technology company’s stock worth $145,000 after acquiring an additional 585 shares in the last quarter. Finally, Martin & Co. Inc. TN lifted its holdings in ATN International by 3.1% in the 3rd quarter. Martin & Co. Inc. TN now owns 23,921 shares of the technology company’s stock valued at $923,000 after acquiring an additional 712 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

About ATN International

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ATN International, Inc engages in investment in communications, energy, and technology businesses. It operates through the following segments: U.S. Telecom, International Telecom, and Renewable Energy. The U.S. Telecom segment offers carrier services, including wholesale roaming services, site maintenance, and the leasing of critical network infrastructure.