Atento SA (NYSE: ATTO – Get a rating) saw significant growth in short-term interest in May. As of May 15, there were short interests totaling 12,100 shares, a growth of 68.1% from the total of 7,200 shares as of April 30. Based on an average daily trading volume of 29,200 shares, the short-term interest rate ratio is currently 0.4 days. Currently, 0.1% of the company’s shares are sold short.
A number of hedge funds and other institutional investors have recently bought and sold shares of ATTO. Goldman Sachs Group Inc. increased its holdings of Atento shares 6.8% in the first quarter. Goldman Sachs Group Inc. now owns 22,105 shares of the business services provider valued at $611,000 after acquiring 1,398 additional shares last quarter. Intrepid Capital Management Inc. increased its holdings of Atento shares by 548.6% in the first quarter. Intrepid Capital Management Inc. now owns 122,166 shares of the business services provider valued at $3,378,000 after acquiring an additional 103,330 shares last quarter. Diametric Capital LP purchased a new stake in Atento stock in the fourth quarter valued at approximately $202,000. JPMorgan Chase & Co. increased its holdings of Atento shares by 40,368.8% in the fourth quarter. JPMorgan Chase & Co. now owns 6,475 shares of the business services provider valued at $165,000 after acquiring 6,459 additional shares last quarter. Finally, AMH Equity Ltd purchased a new equity stake in Atento in the fourth quarter valued at approximately $5,900,000.
Shares of Atento were up $0.66 in Friday trading, hitting $9.62. 16,242 shares were traded, against an average volume of 25,212. The stock has a market capitalization of $144.30 million, a price-earnings ratio of -0.96, a growth price-earnings ratio of 1 .78 and a beta of 1.40. The company’s 50-day moving average price is $23.19 and its 200-day moving average price is $24.35. Atento has a 12-month low of $8.89 and a 12-month high of $32.00. The company has a debt ratio of 19.16, a current ratio of 1.06 and a quick ratio of 1.06.
Atento (NYSE:ATTO- Get a rating) last announced its quarterly results on Wednesday, March 30. The business services provider reported ($2.43) EPS for the quarter. Atento had a negative return on equity of 132.40% and a negative net margin of 9.80%. The company posted revenue of $327.20 million for the quarter, versus analyst estimates of $352.00 million. As a group, research analysts expect Atento to post earnings per share of 0.68 for the current year.
ATTO has been the subject of several research reports. Barrington Research reissued an “outperform” rating on Atento shares in a research report on Friday, April 1. Zacks Investment Research downgraded Atento shares from a “hold” rating to a “strong sell” rating in a Wednesday, April 6 research note. StockNews.com began covering Atento shares in a research note on Thursday, March 31. They set a “buy” rating on the stock. Finally, TheStreet downgraded Atento’s shares from a “c-” rating to a “d” rating in a Friday, May 13 research report. One research analyst rated the security with a sell rating, one assigned a hold rating and two assigned a buy rating. According to data from MarketBeat, Atento currently has a consensus rating of “Hold” and a consensus target price of $29.33.
About Atento (Get a rating)
Atento SA, together with its subsidiaries, provides CRM business process outsourcing services and solutions in Brazil, America, Europe, Middle East and Africa. It offers a range of front-end and back-end services, including sales, customer service, technical support, collections and back-office.
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