Cornelius B. Prior Jr., a ten percent owner of ATN International, Inc. (NASDAQ: ATNI), has reported the sale of $2,279,030 worth of company common stock. The transactions, executed indirectly through VI E-Cell TropicalTelecom Ltd., a U.S. Virgin Islands limited company where Mr. Prior Jr. serves as chairman and holds an 80% ownership stake, occurred across multiple dates between May 7 and June 12, 2026. The sale involved a total of 84,064 shares, traded at prices ranging from $25.54 to $28.30 per share. The Form 4 filing, submitted on June 15, 2026, was delayed due to an inadvertent administrative error. In addition to the sales, the filing detailed several share transfers and a gift, including a direct transfer of 200,000 shares to the controlled entity on April 20, 2026, a return transfer of 30,000 shares on May 27, 2026, and a gift of 10,000 shares to a non-profit entity on June 3, 2026. Furthermore, Mr. Prior Jr. corrected a prior report by removing 363,424 shares previously reported as indirectly beneficially owned as trustee of a revocable trust, clarifying his lack of pecuniary interest in shares held by a 501(c)(3) foundation. Following these transactions, his direct ownership stands at 3,994,303 shares, with indirect holdings including 87,936 shares through VI E-Cell TropicalTelecom Ltd., 500 shares held by his wife, and 8,227 shares held by Tropical Aircraft Co.
The timing of these sales follows a remarkable run for ATN International shares, which have delivered an 85% return over the past year and a 26% gain over the last six months, according to InvestingPro data. The stock currently trades slightly above InvestingPro’s Fair Value estimate. Despite recent losses, with earnings per share of -$0.98 over the last twelve months, analysts forecast the company will return to profitability in 2026 with projected EPS of $0.75. The company maintains a 4% dividend yield and has raised its dividend for four consecutive years.
In other recent news, ATN International Inc. reported its first-quarter 2026 earnings, which fell short of analysts’ expectations. The company posted an earnings per share (EPS) of -$0.29, significantly missing the forecast of $0.04. This represented a negative surprise of -825%. Additionally, ATN International’s revenue for the quarter was $182.22 million, which did not meet the anticipated $184.3 million. These results have been a point of focus for investors and analysts alike. In another development, ATN International completed the initial closing of its Southwestern U.S. tower portfolio sale through its subsidiary Commnet Wireless LLC. The transaction with EIP Holdings IV LLC, an affiliate of Everest Infrastructure Partners Inc., resulted in $268 million in cash proceeds for the company. Further closings, amounting to an additional $30 million, are expected over the next twelve months, contingent upon construction and operational milestones. These recent developments provide a snapshot of ATN International’s current financial and strategic activities.