Anterix (NASDAQ:ATEX) Rating Increased to Strong-Buy at Clear Str

Clear Str upgraded shares of Anterix (NASDAQ:ATEXFree Report) to a strong-buy rating in a research note published on Monday morning,Zacks.com reports.

A number of other equities research analysts also recently issued reports on ATEX. Weiss Ratings raised shares of Anterix from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, June 26th. JPMorgan Chase & Co. boosted their target price on Anterix from $50.00 to $133.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. B. Riley Financial lowered Anterix from a “buy” rating to a “neutral” rating and upped their target price for the company from $44.00 to $69.00 in a report on Thursday, June 4th. Finally, Wall Street Zen raised Anterix from a “sell” rating to a “hold” rating in a research report on Saturday, June 27th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.00.

Check Out Our Latest Research Report on ATEX

Anterix Price Performance

NASDAQ ATEX opened at $88.20 on Monday. Anterix has a 1 year low of $17.58 and a 1 year high of $113.00. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 18.22 and a beta of 0.83. The company has a fifty day moving average price of $85.20 and a 200-day moving average price of $54.37.

Insider Activity at Anterix

In related news, Director Mahvash Yazdi sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $80.00, for a total transaction of $560,000.00. Following the completion of the sale, the director owned 19,407 shares in the company, valued at approximately $1,552,560. This trade represents a 26.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Elena Marquez sold 4,291 shares of Anterix stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $79.50, for a total transaction of $341,134.50. Following the completion of the sale, the chief financial officer directly owned 18,387 shares in the company, valued at approximately $1,461,766.50. This represents a 18.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 124,109 shares of company stock valued at $10,174,158 in the last 90 days. 40.05% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Anterix

A number of hedge funds have recently modified their holdings of ATEX. Jefferies Financial Group Inc. bought a new position in Anterix during the fourth quarter valued at $9,922,000. Millennium Management LLC raised its stake in shares of Anterix by 1,153.1% in the fourth quarter. Millennium Management LLC now owns 439,946 shares of the company’s stock valued at $9,604,000 after buying an additional 404,838 shares during the period. Beartown Capital Management LLC purchased a new position in shares of Anterix during the 4th quarter valued at $3,165,000. Gamco Investors INC. ET AL lifted its position in shares of Anterix by 32.0% during the 4th quarter. Gamco Investors INC. ET AL now owns 422,470 shares of the company’s stock valued at $9,223,000 after buying an additional 102,400 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Anterix by 30.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 424,856 shares of the company’s stock worth $16,223,000 after acquiring an additional 99,933 shares during the period. Institutional investors own 87.67% of the company’s stock.

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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Analyst Recommendations for Anterix (NASDAQ:ATEX)

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