Anterix Inc. (NASDAQ:ATEX – Get Free Report) insider Christopher Guttman-Mccabe sold 23,439 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $92.36, for a total transaction of $2,164,826.04. Following the completion of the transaction, the insider owned 44,876 shares of the company’s stock, valued at $4,144,747.36. This trade represents a 34.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Christopher Guttman-Mccabe also recently made the following trade(s):
- On Monday, June 15th, Christopher Guttman-Mccabe sold 91,437 shares of Anterix stock. The stock was sold at an average price of $82.46, for a total transaction of $7,539,895.02.
Anterix Trading Up 0.5%
Anterix stock opened at $94.67 on Friday. Anterix Inc. has a 1-year low of $17.58 and a 1-year high of $113.00. The firm has a market capitalization of $1.86 billion, a PE ratio of 27.05 and a beta of 0.85. The firm’s 50 day simple moving average is $95.51 and its 200 day simple moving average is $64.48.
Analysts Set New Price Targets
Several equities analysts recently commented on ATEX shares. DA Davidson set a $161.00 target price on Anterix in a research report on Friday, August 21st. B. Riley Financial cut Anterix from a “buy” rating to a “neutral” rating and raised their price target for the company from $44.00 to $69.00 in a report on Thursday, June 4th. Clear Str upgraded Anterix to a “strong-buy” rating in a research report on Monday, July 27th. Weiss Ratings raised Anterix from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, June 26th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Anterix from $133.00 to $130.00 and set an “overweight” rating on the stock in a research note on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $120.00.
Get Our Latest Research Report on Anterix
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in ATEX. BlackRock Inc. purchased a new stake in Anterix during the second quarter valued at about $110,672,000. Jupiter Topco LLC purchased a new position in shares of Anterix in the 2nd quarter worth about $68,189,000. Jefferies Financial Group Inc. purchased a new position in shares of Anterix in the 4th quarter worth about $9,922,000. Millennium Management LLC increased its position in shares of Anterix by 1,153.1% during the 4th quarter. Millennium Management LLC now owns 439,946 shares of the company’s stock valued at $9,604,000 after purchasing an additional 404,838 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its position in shares of Anterix by 0.8% during the 1st quarter. Gamco Investors INC. ET AL now owns 425,820 shares of the company’s stock valued at $16,262,000 after purchasing an additional 3,350 shares during the last quarter. Institutional investors own 87.67% of the company’s stock.
Anterix Company Profile
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.
Read More
- Five stocks we like better than Anterix
- Nutanix’s Rally Has a Bigger Story Than Earnings as AMD’s AI Bet Takes Shape
- SEC Probe Puts Wall Street Leverage Risk Back in Focus
- A Bearish-Dollar Options Surge Raises the Stakes for Warsh at Jackson Hole
- Five Below’s Turnaround Is Working—But Has the Stock Run Too Far?
Receive News & Ratings for Anterix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anterix and related companies with MarketBeat.com's FREE daily email newsletter.
