Heather Martin Sells 8,064 Shares of Anterix (NASDAQ:ATEX) Stock

Anterix Inc. (NASDAQ:ATEX) CMO Heather Martin sold 8,064 shares of Anterix stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $84.20, for a total value of $678,988.80. Following the completion of the transaction, the chief marketing officer directly owned 26,743 shares of the company’s stock, valued at approximately $2,251,760.60. This represents a 23.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Anterix Trading Down 0.7%

ATEX stock opened at $82.18 on Friday. The stock’s 50 day simple moving average is $94.56 and its 200 day simple moving average is $68.48. Anterix Inc. has a 12-month low of $17.58 and a 12-month high of $113.00. The stock has a market capitalization of $1.61 billion, a PE ratio of 23.48 and a beta of 0.84.

Anterix (NASDAQ:ATEX) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.01 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.96 million for the quarter, compared to the consensus estimate of $2.00 million. On average, research analysts predict that Anterix Inc. will post -2 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on ATEX shares. Wall Street Zen cut Anterix from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Weiss Ratings upgraded Anterix from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, June 26th. B. Riley Financial lowered shares of Anterix from a “buy” rating to a “neutral” rating and upped their price target for the company from $44.00 to $69.00 in a research report on Thursday, June 4th. JPMorgan Chase & Co. lowered their price objective on shares of Anterix from $133.00 to $130.00 and set an “overweight” rating on the stock 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 given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Anterix presently has an average rating of “Moderate Buy” and a consensus price target of $120.00.

Hedge Funds Weigh In On Anterix

Institutional investors have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC purchased a new position in Anterix during the second quarter valued at $35,000. Parallel Advisors LLC grew its holdings in Anterix by 63.7% during 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 during the period. Tower Research Capital LLC TRC increased its position in Anterix by 299.3% in the second quarter. Tower Research Capital LLC TRC now owns 1,645 shares of the company’s stock worth $42,000 after buying an additional 1,233 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Anterix in the third quarter worth about $57,000. Finally, BNP Paribas Financial Markets raised its stake in shares of Anterix by 119.3% in the second quarter. BNP Paribas Financial Markets now owns 2,404 shares of the company’s stock worth $62,000 after buying an additional 1,308 shares during the period. 87.67% of the stock is owned by institutional investors.

About Anterix

Anterix Inc (NASDAQ: ATEX) provides private wireless broadband solutions for critical infrastructure organizations, with a primary focus on electric utilities in the United States. The company’s services are designed to support mission-critical communications, grid modernization, operational technology, and other applications that require secure and reliable connectivity.

Anterix owns and manages licensed spectrum in the 900 MHz band and makes that spectrum available through arrangements with utility and infrastructure customers.