Anterix (NASDAQ:ATEX) Director Mark Fleischhauer Sells 3,500 Shares of Stock

Anterix Inc. (NASDAQ:ATEX) Director Mark Fleischhauer sold 3,500 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $79.83, for a total transaction of $279,405.00. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Anterix Trading Up 2.0%

Anterix stock opened at $79.16 on Thursday. The firm has a 50-day moving average price of $56.03 and a 200-day moving average price of $38.64. The firm has a market capitalization of $1.48 billion, a PE ratio of 16.36 and a beta of 0.95. Anterix Inc. has a 12-month low of $17.58 and a 12-month high of $88.12.

Institutional Investors Weigh In On Anterix

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ATEX. Jefferies Financial Group Inc. bought a new stake in Anterix during the 4th quarter valued at about $9,922,000. Millennium Management LLC lifted its holdings in Anterix by 1,153.1% during the 4th quarter. Millennium Management LLC now owns 439,946 shares of the company’s stock valued at $9,604,000 after buying an additional 404,838 shares in the last quarter. Beartown Capital Management LLC bought a new stake in Anterix during the 4th quarter valued at about $3,165,000. Gamco Investors INC. ET AL lifted its holdings in Anterix by 32.0% during the 4th quarter. Gamco Investors INC. ET AL now owns 422,470 shares of the company’s stock valued at $9,223,000 after buying an additional 102,400 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Anterix by 30.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 424,856 shares of the company’s stock valued at $16,223,000 after buying an additional 99,933 shares in the last quarter. Institutional investors own 87.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ATEX shares. B. Riley Financial lowered shares of Anterix from a “buy” rating to a “neutral” rating and raised their target price for the stock from $44.00 to $69.00 in a report on Thursday, June 4th. Weiss Ratings upgraded shares of Anterix from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently 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.