Kirr Marbach & Co. LLC IN Buys 13,396 Shares of Anterix Inc. $ATEX

Kirr Marbach & Co. LLC IN increased its position in shares of Anterix Inc. (NASDAQ:ATEX) by 13.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 113,814 shares of the company’s stock after buying an additional 13,396 shares during the quarter. Kirr Marbach & Co. LLC IN owned 0.61% of Anterix worth $4,347,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ATEX. Tower Research Capital LLC TRC lifted its position in shares of Anterix by 299.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,645 shares of the company’s stock worth $42,000 after acquiring an additional 1,233 shares during the period. Quantbot Technologies LP bought a new stake in shares of Anterix in the 3rd quarter valued at approximately $57,000. BNP Paribas Financial Markets raised its stake in Anterix by 119.3% during the second quarter. BNP Paribas Financial Markets now owns 2,404 shares of the company’s stock worth $62,000 after acquiring an additional 1,308 shares in the last quarter. Virtus Advisers LLC acquired a new stake in shares of Anterix during the 3rd quarter worth about $75,000. Finally, Toronto Dominion Bank acquired a new stake in shares of Anterix during the fourth quarter worth approximately $94,000. 87.67% of the stock is currently owned by institutional investors.

Anterix Stock Up 3.8%

Shares of NASDAQ ATEX opened at $79.98 on Wednesday. The company’s fifty day moving average is $59.03 and its 200-day moving average is $40.22. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 16.52 and a beta of 0.95. Anterix Inc. has a twelve month low of $17.58 and a twelve month high of $88.12.

Insider Activity

In other news, CFO Elena Marquez sold 4,291 shares of Anterix 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 transaction, the chief financial officer owned 18,387 shares in the company, 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 SEC, which is available at this hyperlink. Also, Director Mahvash Yazdi sold 7,000 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $80.00, for a total value of $560,000.00. Following the sale, the director directly owned 19,407 shares of the company’s stock, valued at approximately $1,552,560. The trade was a 26.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 124,109 shares of company stock valued at $10,174,158. Company insiders own 45.61% of the company’s stock.

Analyst Upgrades and Downgrades

ATEX has been the subject of a number of research reports. Weiss Ratings upgraded Anterix from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, April 21st. B. Riley Financial lowered shares of Anterix from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $44.00 to $69.00 in a report on Thursday, June 4th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Anterix currently has a consensus rating of “Hold” and an average price target of $59.50.

Anterix 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.