Anterix (NASDAQ:ATEX) Director Sells $209,575.00 in Stock

Anterix Inc. (NASDAQ:ATEX) Director Leslie Daniels sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $83.83, for a total transaction of $209,575.00. Following the completion of the transaction, the director owned 43,477 shares in the company, valued at approximately $3,644,676.91. This trade represents a 5.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Anterix Price Performance

ATEX opened at $82.18 on Monday. The business’s fifty day simple moving average is $94.56 and its 200 day simple moving average is $68.70. Anterix Inc. has a 52 week low of $17.58 and a 52 week high of $113.00. The stock has a market cap of $1.61 billion, a PE ratio of 23.48 and a beta of 0.84.

Anterix (NASDAQ:ATEX) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.44. Anterix had a net margin of 933.03% and a negative return on equity of 10.65%. The firm had revenue of $1.96 million during the quarter, compared to analyst estimates of $2.00 million. As a group, equities analysts anticipate that Anterix Inc. will post -2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ATEX shares. Wall Street Zen cut shares of Anterix from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. DA Davidson set a $161.00 price target on shares of Anterix in a research report on Friday, August 21st. Weiss Ratings upgraded shares of Anterix from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, June 26th. B. Riley Financial cut shares of Anterix from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $44.00 to $69.00 in a research report on Thursday, June 4th. Finally, Clear Str raised shares of Anterix to a “strong-buy” rating in a research note on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $120.00.

Institutional Investors Weigh In On Anterix

Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in Anterix during the 2nd quarter valued at approximately $110,672,000. Jupiter Topco LLC bought a new position in shares of Anterix in the 2nd quarter worth approximately $68,189,000. Jefferies Financial Group Inc. purchased a new position in shares of Anterix in the 4th quarter valued at approximately $9,922,000. Millennium Management LLC lifted its stake in shares of Anterix by 1,153.1% in the 4th quarter. Millennium Management LLC now owns 439,946 shares of the company’s stock valued at $9,604,000 after purchasing an additional 404,838 shares during the period. Finally, Panoramic Capital LLC bought a new stake in shares of Anterix during the second quarter valued at approximately $15,892,000. 87.67% of the stock is owned by hedge funds and other institutional investors.

Anterix Company Profile

Anterix Inc (NASDAQ: ATEX) provides private wireless broadband solutions for critical infrastructure organizations, with a primary focus on electric utilities in the United States. The company’s services are designed to support mission-critical communications, grid modernization, operational technology, and other applications that require secure and reliable connectivity.

Anterix owns and manages licensed spectrum in the 900 MHz band and makes that spectrum available through arrangements with utility and infrastructure customers.