Anterix (NASDAQ:ATEX) Director Leslie Daniels Sells 2,500 Shares of Stock

Anterix Inc. (NASDAQ:ATEXGet Free Report) Director Leslie Daniels sold 2,500 shares of the company’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $83.83, for a total value of $209,575.00. Following the completion of the sale, the director owned 43,477 shares of the company’s stock, valued at approximately $3,644,676.91. The trade was a 5.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Anterix Stock Down 0.7%

NASDAQ ATEX opened at $82.18 on Friday. Anterix Inc. has a 52 week low of $17.58 and a 52 week high of $113.00. The business’s fifty day simple moving average is $94.56 and its 200-day simple moving average is $68.48. The firm has a market cap of $1.61 billion, a PE ratio of 23.48 and a beta of 0.84.

Anterix (NASDAQ:ATEXGet Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.43) by $0.44. Anterix had a net margin of 933.03% and a negative return on equity of 10.65%. The firm had revenue of $1.96 million for the quarter, compared to analysts’ expectations of $2.00 million. Research analysts expect that Anterix Inc. will post -2 EPS for the current year.

Wall Street Analysts Forecast Growth

ATEX has been the subject of several analyst reports. B. Riley Financial cut shares of Anterix from a “buy” rating to a “neutral” rating and increased their price target for the company from $44.00 to $69.00 in a research note on Thursday, June 4th. Clear Str raised Anterix to a “strong-buy” rating in a research report on Monday, July 27th. JPMorgan Chase & Co. reduced their price objective on shares of Anterix from $133.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday, August 13th. Wall Street Zen cut shares of Anterix from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Finally, DA Davidson set a $161.00 target price on shares of Anterix in a research note on Friday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $120.00.

Get Our Latest Analysis on Anterix

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. AQR Capital Management LLC grew its stake in shares of Anterix by 16.9% in the first quarter. AQR Capital Management LLC now owns 11,489 shares of the company’s stock valued at $420,000 after buying an additional 1,659 shares in the last quarter. Millennium Management LLC boosted its holdings in Anterix by 50.6% during the 1st quarter. Millennium Management LLC now owns 116,473 shares of the company’s stock valued at $4,263,000 after acquiring an additional 39,143 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Anterix by 17.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 124,706 shares of the company’s stock valued at $4,564,000 after acquiring an additional 18,771 shares during the period. Legal & General Group Plc grew its position in Anterix by 19.7% in the 2nd quarter. Legal & General Group Plc now owns 11,303 shares of the company’s stock valued at $290,000 after acquiring an additional 1,857 shares in the last quarter. Finally, Rhumbline Advisers grew its position in Anterix by 70.9% in the 2nd quarter. Rhumbline Advisers now owns 27,998 shares of the company’s stock valued at $718,000 after acquiring an additional 11,615 shares in the last quarter. 87.67% of the stock is currently owned by hedge funds and other institutional investors.

Anterix Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Anterix (NASDAQ:ATEX)

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