Waterfront Wealth Inc. Has $2.29 Million Stock Holdings in Anterix Inc. $ATEX

Waterfront Wealth Inc. boosted its holdings in shares of Anterix Inc. (NASDAQ:ATEX) by 23.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,955 shares of the company’s stock after buying an additional 11,328 shares during the period. Waterfront Wealth Inc.’s holdings in Anterix were worth $2,290,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Inspire Investing LLC purchased a new position in Anterix during the 1st quarter valued at about $508,000. Kirr Marbach & Co. LLC IN grew its position in Anterix by 13.3% during 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 in the last quarter. Beartown Capital Management LLC acquired a new position in Anterix in the 4th quarter valued at approximately $3,165,000. XTX Topco Ltd purchased a new stake in Anterix in the 4th quarter worth approximately $311,000. Finally, Toronto Dominion Bank purchased a new stake in Anterix in the 4th quarter worth approximately $94,000. 87.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Anterix

In other news, Director Mark Fleischhauer sold 3,500 shares of Anterix stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $79.83, for a total value of $279,405.00. Following the transaction, the director owned 12,769 shares of the company’s stock, valued at $1,019,349.27. This trade represents a 21.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Christopher Guttman-Mccabe sold 91,437 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $82.46, for a total transaction of $7,539,895.02. Following the sale, the insider directly owned 77,807 shares of the company’s stock, valued at approximately $6,415,965.22. This represents a 54.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 124,109 shares of company stock valued at $10,174,158. 40.05% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ATEX shares. Weiss Ratings raised shares of Anterix from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, June 26th. Wall Street Zen raised Anterix from a “sell” rating to a “hold” rating in a research report on Saturday, June 27th. Finally, B. Riley Financial lowered Anterix from a “buy” rating to a “neutral” rating and lifted their price target for the company from $44.00 to $69.00 in a report on Thursday, June 4th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $59.50.

Anterix Price Performance

Shares of NASDAQ:ATEX opened at $106.86 on Friday. The stock has a market capitalization of $2.08 billion, a P/E ratio of 22.08 and a beta of 0.83. The business has a 50-day moving average of $72.60 and a two-hundred day moving average of $46.78. Anterix Inc. has a fifty-two week low of $17.58 and a fifty-two week high of $111.90.

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.