Atento SA (NYSE:ATTO) saw a large decrease in short interest in the month of July. As of July 31st, there was short interest totalling 39,600 shares, a decrease of 32.2% from the June 30th total of 58,400 shares. Based on an average daily trading volume, of 153,900 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the shares of the company are short sold.

A number of equities research analysts have recently commented on the stock. ValuEngine cut shares of Atento from a “sell” rating to a “strong sell” rating in a research note on Thursday, April 18th. Barrington Research restated a “buy” rating and issued a $8.00 price objective on shares of Atento in a report on Thursday, August 1st. Zacks Investment Research upgraded Atento from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th. Morgan Stanley lowered Atento from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $8.00 to $3.00 in a report on Wednesday, June 5th. Finally, TheStreet lowered Atento from a “c” rating to a “d” rating in a report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Atento presently has a consensus rating of “Hold” and a consensus target price of $5.88.

Several institutional investors and hedge funds have recently modified their holdings of the business. GSA Capital Partners LLP increased its stake in shares of Atento by 11.8% in the 2nd quarter. GSA Capital Partners LLP now owns 78,000 shares of the business services provider’s stock worth $194,000 after acquiring an additional 8,216 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Atento by 133.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 17,536 shares of the business services provider’s stock worth $43,000 after acquiring an additional 10,036 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Atento by 93.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 40,791 shares of the business services provider’s stock worth $147,000 after acquiring an additional 19,714 shares during the last quarter. Squarepoint Ops LLC increased its stake in shares of Atento by 81.8% in the 4th quarter. Squarepoint Ops LLC now owns 53,200 shares of the business services provider’s stock worth $213,000 after acquiring an additional 23,931 shares during the last quarter. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of Atento in the 2nd quarter worth $64,000. 84.49% of the stock is owned by institutional investors and hedge funds.

Shares of ATTO stock opened at $2.27 on Wednesday. The company has a fifty day moving average price of $2.37. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 2.14. The stock has a market cap of $162.60 million, a price-to-earnings ratio of 2.95, a P/E/G ratio of 0.79 and a beta of 0.74. Atento has a fifty-two week low of $2.10 and a fifty-two week high of $8.45.

Atento (NYSE:ATTO) last announced its quarterly earnings data on Tuesday, July 30th. The business services provider reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.14). Atento had a negative net margin of 2.03% and a positive return on equity of 9.19%. The firm had revenue of $441.10 million during the quarter. As a group, equities research analysts predict that Atento will post 0.28 earnings per share for the current year.

Atento Company Profile

Atento SA, together with its subsidiaries, provides customer relationship management and business process outsourcing services and solutions in Brazil, the Americas, Europe, the Middle East, and Africa. It offers a range of front and back-end services, including sales, customer care, collections, back office, applications-processing, credit-management, and technical support services.

Further Reading: What is the price-to-earnings growth (PEG) ratio?

Receive News & Ratings for Atento Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atento and related companies with MarketBeat.com's FREE daily email newsletter.