Bank of New York Mellon Corp Increases Stock Position in ATN International, Inc. (NASDAQ:ATNI)

Bank of New York Mellon Corp lifted its position in ATN International, Inc. (NASDAQ:ATNI - Free Report) by 26.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 124,865 shares of the technology company's stock after acquiring an additional 25,727 shares during the period. Bank of New York Mellon Corp owned approximately 0.83% of ATN International worth $2,099,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Public Employees Retirement System of Ohio grew its position in ATN International by 43.7% in the third quarter. Public Employees Retirement System of Ohio now owns 14,652 shares of the technology company's stock valued at $474,000 after purchasing an additional 4,457 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of ATN International by 758.3% in the third quarter. BNP Paribas Financial Markets now owns 71,307 shares of the technology company's stock valued at $2,306,000 after purchasing an additional 62,999 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in shares of ATN International by 3.5% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 627,150 shares of the technology company's stock worth $20,282,000 after purchasing an additional 21,347 shares in the last quarter. Finally, Segall Bryant & Hamill LLC bought a new stake in ATN International during the third quarter worth about $1,789,000. 65.50% of the stock is currently owned by institutional investors and hedge funds.

ATN International Trading Down 3.9 %

ATNI stock traded down $0.85 during trading on Tuesday, hitting $20.91. 70,549 shares of the company traded hands, compared to its average volume of 100,649. The firm has a market capitalization of $323.71 million, a PE ratio of -7.69 and a beta of 0.60. ATN International, Inc. has a 1 year low of $14.74 and a 1 year high of $33.72. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.15 and a current ratio of 1.21. The company has a 50-day moving average of $17.81 and a 200-day moving average of $21.67.

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ATN International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Monday, March 31st will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date is Monday, March 31st. ATN International's payout ratio is -45.28%.

Analyst Ratings Changes

A number of research analysts recently issued reports on ATNI shares. StockNews.com upgraded shares of ATN International from a "hold" rating to a "buy" rating in a research 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.