Anterix Inc. (ATEX) – What Are Analysts Saying About This Stock?

Shares of Anterix Inc. (NASDAQ:ATEX – Get Free Report) have been assigned an average rating of “Moderate Buy” from the five analysts that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $120.00.

Several brokerages have recently issued reports on ATEX. Clear Str raised Anterix to a “strong-buy” rating in a research note on Monday, July 27th. Wall Street Zen lowered shares of Anterix from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Weiss Ratings cut shares of Anterix from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, October 26th. JPMorgan Chase & Co. lowered their price target on shares of Anterix from $133.00 to $130.00 and set an “overweight” rating on the stock in a research report on Thursday, August 13th. Finally, DA Davidson set a $161.00 target price on shares of Anterix in a research report on Friday, August 21st.

View Our Latest Analysis on Anterix

Anterix Trading Up 8.5%

NASDAQ:ATEX opened at $74.36 on Friday. The business’s fifty day moving average price is $82.10 and its 200 day moving average price is $66.42. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 21.25 and a beta of 0.87. Anterix has a 1-year low of $17.58 and a 1-year high of $113.00.

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

Insider Transactions at Anterix

In other Anterix news, CFO Elena Marquez sold 4,981 shares of Anterix stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $80.43, for a total transaction of $400,621.83. Following the sale, the chief financial officer directly owned 12,604 shares of the company’s stock, valued at approximately $1,013,739.72. The trade was a 28.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CMO Heather Martin sold 8,064 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $84.20, for a total transaction of $678,988.80. Following the completion of the transaction, the chief marketing officer owned 26,743 shares in the company, valued at approximately $2,251,760.60. This represents a 23.17% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 124,841 shares of company stock worth $10,975,765. Corporate insiders own 40.05% of the company’s stock.

Hedge Funds Weigh In On Anterix

A number of institutional investors and hedge funds have recently modified their holdings of ATEX. BlackRock Inc. bought a new position in Anterix in the second quarter worth about $110,672,000. Jupiter Topco LLC acquired a new position in Anterix in the second quarter valued at about $68,189,000. Gamco Investors INC. ET AL increased its position in shares of Anterix by 0.8% during the first quarter. Gamco Investors INC. ET AL now owns 425,820 shares of the company’s stock worth $16,262,000 after acquiring an additional 3,350 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Anterix by 30.8% in the first quarter. Dimensional Fund Advisors LP now owns 424,856 shares of the company’s stock valued at $16,223,000 after purchasing an additional 99,933 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Anterix by 17.2% in the 1st quarter. Bank of America Corp DE now owns 167,781 shares of the company’s stock valued at $6,408,000 after purchasing an additional 24,657 shares during the last quarter. Hedge funds and other institutional investors own 87.67% of the company’s stock.

Anterix Company Profile

(Get Free Report)

Anterix Inc (NASDAQ: ATEX) develops and provides private wireless broadband solutions for critical infrastructure industries. The company’s primary focus is enabling electric, gas, water and other utilities to deploy secure, resilient communications networks that support operational technology, grid modernization and other mission-critical applications.

Anterix primarily uses its licensed 900 MHz spectrum holdings to support private broadband networks. Its offerings include spectrum access and related wireless communications solutions designed to help utilities connect field equipment, sensors, control systems and mobile workforces.

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Analyst Recommendations for Anterix (NASDAQ:ATEX)

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