ATN International, Inc. (NASDAQ:ATNI) Short Interest Down 5.4% in March

ATN International, Inc. (NASDAQ:ATNI) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 186,200 shares, a decline of 5.4% from the March 15th total of 196,900 shares. Currently, 1.8% of the shares of the company are sold short. Based on an average daily volume of 92,100 shares, the short-interest ratio is presently 2.0 days.

Hedge Funds Weigh In On ATN International

A number of institutional investors have recently made changes to their positions in ATNI. Geode Capital Management LLC increased its holdings in shares of ATN International by 5.8% in the 2nd quarter. Geode Capital Management LLC now owns 223,831 shares of the technology company’s stock worth $8,192,000 after buying an additional 12,224 shares during the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of ATN International by 1.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 595,703 shares of the technology company’s stock worth $23,215,000 after buying an additional 10,000 shares during the last quarter. Keeley Teton Advisors LLC bought a new position in shares of ATN International in the 1st quarter worth $247,000. BNP Paribas Arbitrage SNC increased its holdings in shares of ATN International by 116.2% in the 1st quarter. BNP Paribas Arbitrage SNC now owns 8,169 shares of the technology company’s stock worth $334,000 after buying an additional 4,390 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of ATN International by 1.4% in the 3rd 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 last quarter. Institutional investors own 65.50% of the company’s stock.

Analysts Set New Price Targets

Separately, Raymond James raised shares of ATN International from an “outperform” rating to a “strong-buy” rating and boosted their price target for the company from $39.00 to $40.00 in a research report on Friday, February 23rd.

ATN International Stock Performance

NASDAQ ATNI opened at $27.17 on Thursday. The company’s 50 day moving average is $32.01 and its 200-day moving average is $33.50. ATN International has a 12-month low of $26.68 and a 12-month high of $43.04. The company has a quick ratio of 0.89, a current ratio of 0.96 and a debt-to-equity ratio of 0.77. The firm has a market cap of $420.59 million, a P/E ratio of -21.91 and a beta of 0.39.

ATN International (NASDAQ:ATNI) last posted its earnings results on Wednesday, February 21st. The technology company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.01). The firm had revenue of $198.97 million for the quarter, compared to the consensus estimate of $192.07 million. ATN International had a negative return on equity of 0.92% and a negative net margin of 1.91%. Sell-side analysts predict that ATN International will post -0.31 earnings per share for the current year.

ATN International Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Sunday, March 31st were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend was Wednesday, March 27th. ATN International’s payout ratio is -77.42%.

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.