Leslie Daniels Sells 4,100 Shares of Anterix (NASDAQ:ATEX) Stock

Anterix Inc. (NASDAQ:ATEX) Director Leslie Daniels sold 4,100 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $87.07, for a total value of $356,987.00. Following the completion of the sale, the director owned 45,977 shares of the company’s stock, valued at approximately $4,003,217.39. This trade represents a 8.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Anterix Price Performance

Shares of NASDAQ:ATEX opened at $83.93 on Thursday. The business’s 50 day simple moving average is $95.46 and its 200 day simple moving average is $68.05. Anterix Inc. has a 1 year low of $17.58 and a 1 year high of $113.00. The company has a market capitalization of $1.65 billion, a P/E ratio of 23.98 and a beta of 0.84.

Anterix (NASDAQ:ATEX) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.43) by $0.44. The firm had revenue of $1.96 million during the quarter, compared to analysts’ expectations of $2.00 million. Anterix had a negative return on equity of 10.65% and a net margin of 933.03%. On average, sell-side analysts anticipate that Anterix Inc. will post -2 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on ATEX. DA Davidson set a $161.00 price target on Anterix in a research note on Friday, August 21st. JPMorgan Chase & Co. decreased their target price on shares of Anterix from $133.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday, August 13th. Wall Street Zen downgraded shares of Anterix from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Clear Str upgraded shares of Anterix to a “strong-buy” rating in a research report on Monday, July 27th. Finally, Weiss Ratings raised shares of Anterix from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $120.00.

Institutional Trading of Anterix

A number of hedge funds have recently added to or reduced their stakes in ATEX. Bank of America Corp DE increased its holdings in shares of Anterix by 17.2% during the first quarter. Bank of America Corp DE now owns 167,781 shares of the company’s stock worth $6,408,000 after buying an additional 24,657 shares in the last quarter. GSA Capital Partners LLP increased its holdings in Anterix by 22.3% in the 4th quarter. GSA Capital Partners LLP now owns 72,976 shares of the company’s stock worth $1,593,000 after purchasing an additional 13,324 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Anterix in the 2nd quarter worth about $7,141,000. Kirr Marbach & Co. LLC IN raised its position in Anterix by 13.3% in the first quarter. Kirr Marbach & Co. LLC IN now owns 113,814 shares of the company’s stock valued at $4,347,000 after purchasing an additional 13,396 shares during the last quarter. Finally, Waterfront Wealth Inc. boosted its stake in shares of Anterix by 23.3% during the first quarter. Waterfront Wealth Inc. now owns 59,955 shares of the company’s stock valued at $2,290,000 after purchasing an additional 11,328 shares in the last quarter. Institutional investors and hedge funds own 87.67% of the company’s stock.

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.