ATN International (NASDAQ:ATNI) Downgraded by StockNews.com to Hold

StockNews.com cut shares of ATN International (NASDAQ:ATNI) from a buy rating to a hold rating in a research report released on Thursday morning.

Separately, BWS Financial restated a “buy” rating and set a $30.00 target price on shares of ATN International in a report on Friday, July 26th.

ATN International Price Performance

NASDAQ:ATNI traded up $0.39 during mid-day trading on Thursday, reaching $21.35. 3,023 shares of the company’s stock traded hands, compared to its average volume of 107,483. The company has a 50 day moving average price of $29.99 and a 200-day moving average price of $26.05. The company has a quick ratio of 1.04, a current ratio of 1.21 and a debt-to-equity ratio of 0.95. ATN International has a 12-month low of $18.20 and a 12-month high of $39.88.

ATN International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Monday, September 30th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.96 annualized dividend and a dividend yield of 4.50%. ATN International’s dividend payout ratio is presently -35.29%.

Hedge Funds Weigh In On ATN International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Innealta Capital LLC purchased a new stake in shares of ATN International in the 2nd quarter worth about $26,000. GAMMA Investing LLC grew its holdings in ATN International by 72.2% in the second quarter. GAMMA Investing LLC now owns 3,340 shares of the technology company’s stock worth $76,000 after purchasing an additional 1,400 shares during the period. SG Americas Securities LLC bought a new position in shares of ATN International during the third quarter valued at approximately $113,000. BNP Paribas Financial Markets increased its stake in shares of ATN International by 52.6% during 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. Finally, Summit Trail Advisors LLC lifted its holdings in shares of ATN International by 26.6% during the second quarter. Summit Trail Advisors LLC now owns 26,195 shares of the technology company’s stock valued at $604,000 after purchasing an additional 5,506 shares during the last quarter. Hedge funds and other institutional investors own 65.50% of the company’s stock.

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.