River Road Asset Management LLC Buys 20,570 Shares of ATN International Inc (ATNI)

River Road Asset Management LLC raised its stake in ATN International Inc (NASDAQ:ATNI) by 6.1% in the 4th quarter, Holdings Channel reports. The firm owned 356,112 shares of the technology company’s stock after acquiring an additional 20,570 shares during the period. River Road Asset Management LLC’s holdings in ATN International were worth $19,679,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Municipal Employees Retirement System of Michigan raised its holdings in shares of ATN International by 44.6% during the third quarter. Municipal Employees Retirement System of Michigan now owns 5,320 shares of the technology company’s stock valued at $281,000 after acquiring an additional 1,640 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of ATN International by 29.3% during the fourth quarter. SG Americas Securities LLC now owns 6,160 shares of the technology company’s stock valued at $340,000 after acquiring an additional 1,396 shares in the last quarter. Alps Advisors Inc. bought a new position in shares of ATN International during the third quarter valued at approximately $453,000. Nationwide Fund Advisors raised its holdings in shares of ATN International by 2.2% during the second quarter. Nationwide Fund Advisors now owns 8,347 shares of the technology company’s stock valued at $571,000 after acquiring an additional 180 shares in the last quarter. Finally, Teachers Advisors LLC grew its position in shares of ATN International by 6.7% during the second quarter. Teachers Advisors LLC now owns 18,605 shares of the technology company’s stock worth $1,273,000 after purchasing an additional 1,171 shares in the last quarter. Hedge funds and other institutional investors own 58.34% of the company’s stock.

In other news, VP William F. Kreisher sold 2,000 shares of ATN International stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $54.61, for a total value of $109,220.00. Following the completion of the transaction, the vice president now owns 46,722 shares in the company, valued at approximately $2,551,488.42. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael T. Prior sold 7,355 shares of ATN International stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $55.36, for a total value of $407,172.80. Following the completion of the transaction, the insider now owns 387,247 shares of the company’s stock, valued at approximately $21,437,993.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,534 shares of company stock valued at $765,963. Company insiders own 32.70% of the company’s stock.

ATN International Inc (NASDAQ:ATNI) opened at $53.42 on Friday. The company has a market capitalization of $885.08, a P/E ratio of 33.49 and a beta of 0.52. The company has a quick ratio of 1.84, a current ratio of 1.93 and a debt-to-equity ratio of 0.19. ATN International Inc has a 1-year low of $49.50 and a 1-year high of $82.59.

Several analysts recently issued reports on the company. TheStreet upgraded ATN International from a “d+” rating to a “c-” rating in a research report on Monday, January 8th. ValuEngine cut ATN International from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. BidaskClub cut ATN International from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Finally, Sidoti upgraded ATN International from a “neutral” rating to a “buy” rating and set a $70.00 price target for the company in a report on Monday, January 8th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $63.50.

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About ATN International

ATN International, Inc (ATN), formerly Atlantic Tele-Network, Inc, is a holding company. The Company’s segments include U.S. Telecom, International Telecom and Renewable Energy. In the United States, it provides wholesale wireless voice and data roaming services in rural markets to national, regional, local and selected international wireless carriers.

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Institutional Ownership by Quarter for ATN International (NASDAQ:ATNI)

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