ATN International (NASDAQ:ATNI) Rating Reiterated by BWS Financial

ATN International (NASDAQ:ATNI)‘s stock had its “buy” rating reissued by equities research analysts at BWS Financial in a note issued to investors on Monday, Benzinga reports. They presently have a $30.00 target price on the technology company’s stock. BWS Financial’s price objective indicates a potential upside of 57.23% from the company’s current price.

Separately, Raymond James restated a “strong-buy” rating and issued a $32.00 target price (down from $40.00) on shares of ATN International in a research note on Friday, April 26th.

ATN International Stock Down 3.5 %

ATNI opened at $19.08 on Monday. ATN International has a 1-year low of $18.20 and a 1-year high of $41.03. The business has a 50 day moving average of $30.17 and a 200-day moving average of $33.08. The stock has a market capitalization of $295.36 million, a price-to-earnings ratio of -14.68 and a beta of 0.39. The company has a current ratio of 1.06, a quick ratio of 0.89 and a debt-to-equity ratio of 0.83.

ATN International (NASDAQ:ATNI) last posted its quarterly earnings data on Wednesday, February 21st. The technology company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.01). ATN International had a negative return on equity of 1.17% and a negative net margin of 1.96%. The company had revenue of $198.97 million for the quarter, compared to the consensus estimate of $192.07 million. As a group, sell-side analysts anticipate that ATN International will post -0.31 earnings per share for the current year.

Insider Buying and Selling at ATN International

In other ATN International news, Chairman Michael T. Prior bought 10,000 shares of the stock in a transaction dated Monday, April 29th. The stock was bought at an average cost of $19.88 per share, for a total transaction of $198,800.00. Following the completion of the purchase, the chairman now owns 523,026 shares in the company, valued at approximately $10,397,756.88. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.54% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ATNI. Brown Brothers Harriman & Co. lifted its position in ATN International by 1.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 595,703 shares of the technology company’s stock valued at $23,215,000 after acquiring an additional 10,000 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of ATN International by 1.4% during the third quarter. Bank of New York Mellon Corp now owns 188,995 shares of the technology company’s stock worth $5,965,000 after buying an additional 2,580 shares during the period. Keeley Teton Advisors LLC raised its position in ATN International by 27.6% in the 4th quarter. Keeley Teton Advisors LLC now owns 19,266 shares of the technology company’s stock valued at $751,000 after buying an additional 4,163 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in ATN International by 498.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,951 shares of the technology company’s stock valued at $76,000 after buying an additional 1,625 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in ATN International by 64.3% in the 1st quarter. GAMMA Investing LLC now owns 1,940 shares of the technology company’s stock valued at $61,000 after acquiring an additional 759 shares in the last quarter. 65.50% of the stock is currently owned by institutional investors.

ATN International Company Profile

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.