Atento SA (NYSE:ATTO) Sees Large Drop in Short Interest
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.
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.
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