Ameriprise Financial Inc. lowered its position in Atento SA (NYSE:ATTO) by 19.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 656,534 shares of the company’s stock after selling 155,603 shares during the period. Ameriprise Financial Inc. owned 0.89% of Atento SA worth $5,850,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in ATTO. Mason Hill Advisors LLC raised its stake in Atento SA by 58.3% in the first quarter. Mason Hill Advisors LLC now owns 1,417,013 shares of the company’s stock worth $11,605,000 after buying an additional 521,754 shares in the last quarter. Wellington Management Group LLP raised its stake in Atento SA by 31.8% in the first quarter. Wellington Management Group LLP now owns 1,697,269 shares of the company’s stock worth $13,901,000 after buying an additional 409,230 shares in the last quarter. Royce & Associates LP raised its stake in Atento SA by 34.0% in the second quarter. Royce & Associates LP now owns 669,025 shares of the company’s stock worth $5,961,000 after buying an additional 169,900 shares in the last quarter. Renaissance Technologies LLC raised its stake in Atento SA by 43.8% in the first quarter. Renaissance Technologies LLC now owns 148,500 shares of the company’s stock worth $1,216,000 after buying an additional 45,208 shares in the last quarter. Finally, Quantum Capital Management raised its stake in Atento SA by 44.2% in the first quarter. Quantum Capital Management now owns 15,472 shares of the company’s stock worth $127,000 after buying an additional 4,741 shares in the last quarter. 95.81% of the stock is currently owned by institutional investors.
Shares of Atento SA (NYSE:ATTO) traded up 0.47% during midday trading on Wednesday, reaching $8.61. The company had a trading volume of 805 shares. The stock has a market capitalization of $635.00 million, a PE ratio of 68.88 and a beta of 0.07. The stock’s 50 day moving average is $9.29 and its 200-day moving average is $8.90. Atento SA has a 12-month low of $6.77 and a 12-month high of $11.56.
Atento SA (NYSE:ATTO) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. The firm earned $482.40 million during the quarter, compared to the consensus estimate of $452.76 million. Atento SA had a return on equity of 15.70% and a net margin of 0.51%. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.21 earnings per share. On average, equities research analysts predict that Atento SA will post $0.75 earnings per share for the current fiscal year.
A number of equities research analysts have recently commented on ATTO shares. TheStreet raised Atento SA from a “sell” rating to a “hold” rating in a research report on Monday, July 11th. Zacks Investment Research raised Atento SA from a “hold” rating to a “strong-buy” rating and set a $10.00 target price on the stock in a research report on Tuesday, July 26th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Atento SA presently has an average rating of “Buy” and an average target price of $10.84.
Atento SA Company Profile
Atento SA is a provider of customer-relationship management and business-process outsourcing (CRM BPO) services and solutions in Latin America. The Company offers a portfolio of CRM BPO services, including customer care, sales, collections, back office and technical support. The Company operates through three segments: EMEA, Americas and Brazil.