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 in 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. Based on an average daily volume of 96,700 shares, the short-interest ratio is currently 2.6 days. Currently, 2.4% of the company’s stock are sold short.

Hedge Funds Weigh In On ATN International

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

Analyst Upgrades and Downgrades

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

ATN International Stock Up 1.1 %

ATNI traded up $0.22 during trading on Friday, hitting $19.52. The company had a trading volume of 310,218 shares, compared to its average volume of 77,087. 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 has a one year low of $18.20 and a one year high of $41.03. The firm’s 50-day moving average price is $30.53 and its 200 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) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.01). The firm had revenue of $198.97 million during the quarter, compared to the consensus estimate of $192.07 million. ATN International had a negative net margin of 1.96% and a negative return on equity of 1.17%. As a group, equities research analysts predict that ATN International will post -0.31 EPS for the current fiscal year.

ATN International Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Sunday, March 31st were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 4.30%. The ex-dividend date was Wednesday, March 27th. ATN International’s payout ratio is -73.85%.

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.