Timothy Gray Sells 16,667 Shares of Anterix Inc. (NASDAQ:ATEX) Stock

Anterix Inc. (NASDAQ:ATEX) CFO Timothy Gray sold 16,667 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $31.91, for a total transaction of $531,843.97. Following the transaction, the chief financial officer now directly owns 90,475 shares in the company, valued at $2,887,057.25. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Anterix Trading Down 0.6 %

Shares of ATEX stock opened at $31.98 on Friday. The company’s fifty day moving average price is $33.99 and its 200-day moving average price is $32.95. The stock has a market cap of $592.27 million, a PE ratio of 38.07 and a beta of 0.67. Anterix Inc. has a 12 month low of $27.20 and a 12 month high of $40.45.

Anterix (NASDAQ:ATEX) last issued its quarterly earnings results on Wednesday, February 14th. The company reported ($0.55) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.61) by $0.06. The company had revenue of $1.27 million during the quarter, compared to analysts’ expectations of $1.20 million. Anterix had a net margin of 447.16% and a negative return on equity of 17.22%. On average, sell-side analysts forecast that Anterix Inc. will post -0.23 earnings per share for the current fiscal year.

Institutional Trading of Anterix

A number of hedge funds have recently made changes to their positions in ATEX. Kirr Marbach & Co. LLC IN raised its stake in Anterix by 54.2% during the fourth quarter. Kirr Marbach & Co. LLC IN now owns 97,985 shares of the company’s stock valued at $3,265,000 after buying an additional 34,425 shares during the last quarter. Trexquant Investment LP bought a new position in Anterix in the 3rd quarter worth about $1,000,000. SG Americas Securities LLC bought a new position in Anterix in the 3rd quarter worth about $847,000. GSA Capital Partners LLP purchased a new stake in Anterix during the 3rd quarter valued at about $687,000. Finally, Strs Ohio bought a new stake in Anterix during the 3rd quarter valued at about $561,000. 87.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ATEX. TheStreet upgraded shares of Anterix from a “d+” rating to a “c-” rating in a research report on Wednesday, February 28th. B. Riley reaffirmed a “buy” rating and set a $75.00 price objective on shares of Anterix in a research report on Friday, February 16th.

About Anterix

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.