Anterix (NASDAQ:ATEX) Sets New 12-Month High – Here’s What Happened

Anterix Inc. (NASDAQ:ATEX) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $42.70 and last traded at $41.45, with a volume of 22272 shares traded. The stock had previously closed at $41.66.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. boosted their price target on shares of Anterix from $61.00 to $67.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th.

Anterix Stock Performance

The firm’s 50 day moving average price is $31.08 and its two-hundred day moving average price is $33.91. The company has a market cap of $769.75 million, a P/E ratio of -20.47 and a beta of 0.87.

Insider Activity

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

Institutional Trading of Anterix

Hedge funds and other institutional investors have recently bought and sold shares of the business. nVerses Capital LLC bought a new stake in Anterix during the 3rd quarter valued at $45,000. BNP Paribas Financial Markets bought a new stake in Anterix during the 4th quarter valued at $43,000. Federated Hermes Inc. increased its stake in Anterix by 74.0% during the 4th quarter. Federated Hermes Inc. now owns 1,432 shares of the company’s stock valued at $44,000 after purchasing an additional 609 shares in the last quarter. Aquatic Capital Management LLC bought a new stake in Anterix during the 4th quarter valued at $47,000. Finally, Meeder Asset Management Inc. bought a new stake in Anterix during the 3rd quarter valued at $58,000. 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.