Quantbot Technologies LP Buys Shares of 3,685 ATN International, Inc. (NASDAQ:ATNI)

Quantbot Technologies LP bought a new stake in shares of ATN International, Inc. (NASDAQ:ATNI) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,685 shares of the technology company’s stock, valued at approximately $62,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Bank of New York Mellon Corp lifted its position in shares of ATN International by 26.0% during the fourth quarter. Bank of New York Mellon Corp now owns 124,865 shares of the technology company’s stock worth $2,099,000 after purchasing an additional 25,727 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in ATN International by 43.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 14,652 shares of the technology company’s stock worth $474,000 after acquiring an additional 4,457 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of ATN International by 758.3% during the third quarter. BNP Paribas Financial Markets now owns 71,307 shares of the technology company’s stock worth $2,306,000 after acquiring an additional 62,999 shares during the period. 65.50% of the stock is owned by institutional investors.

ATN International Stock Performance

Shares of ATNI stock opened at $20.27 on Wednesday. The company’s 50 day moving average is $18.49 and its 200 day moving average is $21.36. The company has a quick ratio of 1.15, a current ratio of 1.21 and a debt-to-equity ratio of 0.95. The firm has a market cap of $313.80 million, a price-to-earnings ratio of -7.45 and a beta of 0.60. ATN International, Inc. has a 52-week low of $14.74 and a 52-week high of $33.72.

ATN International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Monday, March 31st will be paid a $0.24 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.96 annualized dividend and a yield of 4.74%. ATN International’s dividend payout ratio (DPR) is presently -45.28%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ATNI. StockNews.com upgraded ATN International from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. Raymond James set a $22.00 price target on ATN International in a research report on Thursday, March 6th.

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.