Anterix Inc. (NASDAQ:ATEX – Get Free Report) insider Gena Ashe sold 4,357 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $85.44, for a total value of $372,262.08. Following the transaction, the insider owned 5,174 shares in the company, valued at $442,066.56. The trade was a 45.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Anterix Price Performance
Shares of Anterix stock traded down $0.83 during trading on Tuesday, reaching $85.44. 229,616 shares of the company traded hands, compared to its average volume of 389,373. Anterix Inc. has a 1-year low of $17.58 and a 1-year high of $113.00. The company has a 50 day moving average price of $96.30 and a 200-day moving average price of $67.33. The firm has a market capitalization of $1.68 billion, a PE ratio of 24.41 and a beta of 0.84.
Anterix (NASDAQ:ATEX – Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.44. Anterix had a net margin of 933.03% and a negative return on equity of 10.65%. The business had revenue of $1.96 million during the quarter, compared to analysts’ expectations of $2.00 million. Equities research analysts expect that Anterix Inc. will post -2 earnings per share for the current year.
Hedge Funds Weigh In On Anterix
Analyst Ratings Changes
ATEX has been the subject of a number of research reports. Weiss Ratings raised Anterix from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, June 26th. B. Riley Financial lowered Anterix from a “buy” rating to a “neutral” rating and upped their target price for the stock from $44.00 to $69.00 in a research report on Thursday, June 4th. Wall Street Zen cut Anterix from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. JPMorgan Chase & Co. decreased their price target on shares of Anterix from $133.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, August 13th. Finally, DA Davidson set a $161.00 price objective on shares of Anterix in a report on Friday, August 21st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $120.00.
Check Out Our Latest Stock Analysis on Anterix
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.
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