Here is What Hedge Funds Think About ATN International Inc (ATNI)

Consequently, key hedge funds have been driving this bullishness. Pine River Capital Management, led by Brian Taylor, assembled the biggest position in ATN International Inc (NASDAQ:ATNI). According to its latest 13F filing, the fund had $0.7 million invested in the company at the end of the quarter. Ken Griffin’s Citadel Investment Group also initiated a $0.6 million position during the quarter. The other funds with brand new ATNI positions are Matthew Tewksbury’s Stevens Capital Management and Paul Tudor Jones’s Tudor Investment Corp.

Let’s check out hedge fund activity in other stocks similar to ATN International Inc (NASDAQ:ATNI). We will take a look at Callidus Software Inc. (NASDAQ:CALD), Gran Tierra Energy Inc. (NYSEAMEX:GTE), Mimecast Ltd (NASDAQ:MIME), and Diodes Incorporated (NASDAQ:DIOD). This group of stocks’ market values are closest to ATNI’s market value.

As you can see these stocks had an average of 16 hedge funds with bullish positions and the average amount invested in these stocks was $128 million. That figure was $48 million in ATNI’s case. Gran Tierra Energy Inc. (NYSEAMEX:GTE) is the most popular stock in this table. On the other hand Diodes Incorporated (NASDAQ:DIOD) is the least popular one with only 8 bullish hedge fund positions. ATN International Inc (NASDAQ:ATNI) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard GTE might be a better candidate to consider taking a long position in.

Disclosure: none.