ATN International, Inc. (NASDAQ:ATNI) Short Interest Up 34.0% in April

ATN International, Inc. (NASDAQ:ATNI) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 249,500 shares, a growth of 34.0% from the March 31st total of 186,200 shares. Currently, 2.4% of the shares of the stock are short sold. Based on an average trading volume of 96,700 shares, the days-to-cover ratio is currently 2.6 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ATNI. GAMMA Investing LLC increased its position in ATN International by 64.3% in the 1st quarter. GAMMA Investing LLC now owns 1,940 shares of the technology company’s stock worth $61,000 after purchasing an additional 759 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in ATN International by 498.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 1,951 shares of the technology company’s stock worth $76,000 after buying an additional 1,625 shares during the last quarter. Keeley Teton Advisors LLC increased its holdings in ATN International by 27.6% in the fourth quarter. Keeley Teton Advisors LLC now owns 19,266 shares of the technology company’s stock worth $751,000 after buying an additional 4,163 shares during the last quarter. Brown Brothers Harriman & Co. raised its position in ATN International by 1.7% during the fourth 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. Finally, Bank of New York Mellon Corp raised its position in 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 valued at $5,965,000 after acquiring an additional 2,580 shares in the last quarter. Hedge funds and other institutional investors own 65.50% of the company’s stock.

ATN International Stock Up 1.1 %

Shares of ATNI stock traded up $0.22 on Friday, reaching $19.52. 310,218 shares of the company’s stock traded hands, compared to its average volume of 77,087. ATN International has a 12-month low of $18.20 and a 12-month high of $41.03. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.89 and a current ratio of 1.06. The company has a market capitalization of $302.19 million, a P/E ratio of -15.02 and a beta of 0.39. The business’s 50 day moving average price is $30.53 and its two-hundred day moving average price is $33.18.

ATN International (NASDAQ:ATNI) last issued its quarterly 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). ATN International had a negative net margin of 1.96% and a negative return on equity of 1.17%. The business had revenue of $198.97 million for the quarter, compared to analysts’ expectations of $192.07 million. On average, equities analysts forecast that ATN International will post -0.31 earnings per share for the current year.

ATN International Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Sunday, March 31st were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.30%. ATN International’s dividend payout ratio is -73.85%.

Analysts Set New Price Targets

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 report on Friday.

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.