Anterix (NASDAQ:ATEX) Hits New 52-Week Low – What’s Next?

Anterix Inc. (NASDAQ:ATEX)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $28.95 and last traded at $29.22, with a volume of 34903 shares. The stock had previously closed at $29.66.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum raised Anterix to a “strong-buy” rating in a research note on Wednesday, October 9th.

Anterix Trading Down 2.8 %

The company has a market capitalization of $536.76 million, a PE ratio of -14.27 and a beta of 0.87. The company’s 50 day moving average price is $32.80 and its 200-day moving average price is $35.59.

Insider Activity at Anterix

In other Anterix news, Director Mark Fleischhauer acquired 3,500 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was acquired at an average price of $34.19 per share, with a total value of $119,665.00. Following the transaction, the director now directly owns 3,500 shares in the company, valued at approximately $119,665. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Leslie B. Daniels bought 2,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was acquired at an average cost of $32.75 per share, for a total transaction of $65,500.00. Following the acquisition, the director now directly owns 2,000 shares of the company’s stock, valued at $65,500. The trade was a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. 45.61% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Anterix during the 2nd quarter worth about $28,000. Woodmont Investment Counsel LLC increased its position in shares of Anterix by 2.4% during the 3rd quarter. Woodmont Investment Counsel LLC now owns 34,545 shares of the company’s stock valued at $1,301,000 after purchasing an additional 800 shares during the period. Y Intercept Hong Kong Ltd raised its stake in shares of Anterix by 14.6% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 8,742 shares of the company’s stock worth $329,000 after buying an additional 1,112 shares in the last quarter. Squarepoint Ops LLC lifted its holdings in shares of Anterix by 4.6% in the second quarter. Squarepoint Ops LLC now owns 26,261 shares of the company’s stock valued at $1,040,000 after buying an additional 1,159 shares during the period. Finally, nVerses Capital LLC bought a new position in Anterix during the third quarter valued at about $45,000. Institutional investors own 87.67% of the company’s stock.

Anterix Company Profile

Anterix Inc operates as a wireless communications company. The company focuses on commercializing its spectrum assets to enable the targeted utility and critical infrastructure customers to deploy private broadband networks and innovative broadband solutions. It holds licensed spectrum in the 900 MHz band with coverage throughout the United States, Alaska, Hawaii, and Puerto Rico.