Anterix Inc. (NASDAQ:ATEX – Get Free Report)’s share price passed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $83.58 and traded as high as $85.98. Anterix shares last traded at $85.62, with a volume of 210,917 shares.
Analysts Set New Price Targets
ATEX has been the subject of several research reports. Clear Str upgraded shares of Anterix to a “strong-buy” rating in a research report on Monday, July 27th. DA Davidson set a $161.00 price objective on shares of Anterix in a research note on Friday, August 21st. Weiss Ratings downgraded shares of Anterix from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday. Wall Street Zen lowered shares of Anterix from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Finally, JPMorgan Chase & Co. cut their target price 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. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $120.00.
View Our Latest Analysis on ATEX
Anterix Stock Performance
The firm has a 50 day moving average price of $83.58 and a two-hundred day moving average price of $64.09.
Anterix (NASDAQ:ATEX – Get Free Report) last announced its earnings results on Tuesday, August 11th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.44. The company had revenue of $1.96 million for the quarter, compared to analyst estimates of $2.00 million. On average, research analysts anticipate that Anterix Inc. will post -2.00 earnings per share for the current year.
Insider Activity
In other news, insider Gena L. Ashe sold 4,357 shares of Anterix stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $85.44, for a total value of $372,262.08. Following the transaction, the insider directly owned 5,174 shares of the company’s stock, valued at $442,066.56. This trade represents a 45.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CMO Heather Martin sold 8,064 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $84.20, for a total transaction of $678,988.80. Following the sale, the chief marketing officer owned 26,743 shares in the company, valued at $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 have sold 124,841 shares of company stock worth $10,975,765. 40.05% of the stock is owned by company insiders.
Hedge Funds Weigh In On Anterix
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ATEX. Integrated Wealth Concepts LLC purchased a new position in Anterix during the 2nd quarter worth approximately $35,000. Sterling Capital Management LLC lifted its holdings in shares of Anterix by 850.0% in the third quarter. Sterling Capital Management LLC now owns 380 shares of the company’s stock valued at $30,000 after purchasing an additional 340 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Anterix by 63.7% in the first quarter. Parallel Advisors LLC now owns 933 shares of the company’s stock valued at $36,000 after purchasing an additional 363 shares in the last quarter. Hanseatic Management Services Inc. boosted its position in shares of Anterix by 2.1% in the third quarter. Hanseatic Management Services Inc. now owns 18,812 shares of the company’s stock worth $1,477,000 after buying an additional 394 shares during the period. Finally, Kirr Marbach & Co. LLC IN boosted its position in shares of Anterix by 0.4% in the third quarter. Kirr Marbach & Co. LLC IN now owns 116,554 shares of the company’s stock worth $9,149,000 after buying an additional 485 shares during the period. Institutional investors and hedge funds own 87.67% of the company’s stock.
About Anterix
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.
See Also
- Five stocks we like better than Anterix
- Coca-Cola Stock Is Everything AI Isn’t—And That’s Its Biggest Strength
- Apple’s Foldable iPhone Sold Out in Minutes, But Wall Street Has Questions
- Netflix Is Making Big Changes, But Can It Fix What’s Really Hurting Growth?
- Charging Ahead: Solid Power’s Pilot Line Leaves the Lab
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.
