Anterix (NASDAQ:ATEX) CFO Elena Marquez Sells 4,291 Shares of Stock

Anterix Inc. (NASDAQ:ATEX) CFO Elena Marquez sold 4,291 shares of the company’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $79.50, for a total transaction of $341,134.50. Following the completion of the sale, the chief financial officer directly owned 18,387 shares of the company’s stock, valued at $1,461,766.50. The trade was a 18.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Anterix Price Performance

ATEX opened at $74.53 on Friday. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 15.40 and a beta of 0.95. Anterix Inc. has a 1-year low of $17.58 and a 1-year high of $88.12. The business has a 50 day moving average price of $56.70 and a two-hundred day moving average price of $39.02.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ATEX. AQR Capital Management LLC lifted its holdings in Anterix by 16.9% in the 1st quarter. AQR Capital Management LLC now owns 11,489 shares of the company’s stock worth $420,000 after purchasing an additional 1,659 shares during the last quarter. Millennium Management LLC grew its holdings in Anterix by 50.6% during the first quarter. Millennium Management LLC now owns 116,473 shares of the company’s stock valued at $4,263,000 after purchasing an additional 39,143 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Anterix by 17.7% in the first quarter. Goldman Sachs Group Inc. now owns 124,706 shares of the company’s stock valued at $4,564,000 after purchasing an additional 18,771 shares during the period. Legal & General Group Plc raised its position in shares of Anterix by 19.7% in the second quarter. Legal & General Group Plc now owns 11,303 shares of the company’s stock valued at $290,000 after purchasing an additional 1,857 shares during the period. Finally, Rhumbline Advisers lifted its stake in shares of Anterix by 70.9% in the second quarter. Rhumbline Advisers now owns 27,998 shares of the company’s stock worth $718,000 after buying an additional 11,615 shares during the last quarter. Institutional investors and hedge funds own 87.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. B. Riley Financial lowered Anterix from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $44.00 to $69.00 in a report on Thursday, June 4th. Weiss Ratings raised Anterix from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $59.50.

About Anterix

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.