Anterix Inc. (NASDAQ:ATEX – Get Free Report) Director Mark Fleischhauer sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $79.83, for a total transaction of $279,405.00. Following the sale, the director owned 12,769 shares of the company’s stock, valued at approximately $1,019,349.27. This represents a 21.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Anterix Trading Up 2.0%
NASDAQ ATEX traded up $1.53 during trading on Wednesday, reaching $79.16. The company’s stock had a trading volume of 469,364 shares, compared to its average volume of 488,175. The stock has a market capitalization of $1.48 billion, a PE ratio of 16.36 and a beta of 0.95. The business has a 50-day moving average price of $56.03 and a 200-day moving average price of $38.64. Anterix Inc. has a 1-year low of $17.58 and a 1-year high of $88.12.
Hedge Funds Weigh In On Anterix
Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new position in Anterix during the fourth quarter worth $1,059,000. GABELLI & Co INVESTMENT ADVISERS INC. increased its position in Anterix by 219.3% during the third quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 52,200 shares of the company’s stock worth $1,121,000 after acquiring an additional 35,850 shares during the period. Gamco Investors INC. ET AL increased its position in Anterix by 17.1% during the third quarter. Gamco Investors INC. ET AL now owns 320,070 shares of the company’s stock worth $6,872,000 after acquiring an additional 46,645 shares during the period. GSA Capital Partners LLP increased its position in Anterix by 22.3% during the fourth quarter. GSA Capital Partners LLP now owns 72,976 shares of the company’s stock worth $1,593,000 after acquiring an additional 13,324 shares during the period. Finally, Gabelli Funds LLC boosted its stake in Anterix by 52.2% during the third quarter. Gabelli Funds LLC now owns 286,282 shares of the company’s stock worth $6,146,000 after buying an additional 98,130 shares in the last quarter. Institutional investors own 87.67% of the company’s stock.
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on Anterix
About Anterix
Anterix, Inc is a specialized telecommunications company focused on delivering private broadband networks for utilities and other critical infrastructure industries. The company owns and operates dedicated 900 MHz spectrum that enables reliable, secure and high-performance wireless communications to support grid modernization, smart metering, distribution automation and other mission-critical applications. By leveraging this spectrum, Anterix helps electric, water and gas utilities deploy advanced communications capabilities to enhance operational efficiency and resiliency.
At the core of Anterix’s offering is its licensed 900 MHz spectrum, which provides superior propagation characteristics compared with unlicensed options and allows for cost-effective coverage over expansive service territories.
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