Anterix Inc. (NASDAQ:ATEX - Get Free Report) CFO Timothy Gray sold 16,667 shares of the firm's stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $31.91, for a total value of $531,843.97. Following the completion of the sale, the chief financial officer now directly owns 90,475 shares of the company's stock, valued at $2,887,057.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Anterix Stock Down 0.6 %
Shares of Anterix stock opened at $31.98 on Friday. The firm has a market cap of $592.27 million, a PE ratio of 38.07 and a beta of 0.67. Anterix Inc. has a 52 week low of $27.20 and a 52 week high of $40.45. The business's fifty day simple moving average is $33.99 and its 200-day simple moving average is $32.95.
Anterix (NASDAQ:ATEX - Get Free Report) last posted its earnings results on Wednesday, February 14th. The company reported ($0.55) EPS for the quarter, beating analysts' consensus estimates of ($0.61) by $0.06. Anterix had a net margin of 447.16% and a negative return on equity of 17.22%. The company had revenue of $1.27 million for the quarter, compared to analysts' expectations of $1.20 million. As a group, equities analysts expect that Anterix Inc. will post -0.23 earnings per share for the current year.
Hedge Funds Weigh In On Anterix
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A number of hedge funds have recently made changes to their positions in ATEX. Los Angeles Capital Management LLC purchased a new stake in Anterix in the first quarter valued at approximately $302,000. Tower Research Capital LLC TRC grew its stake in shares of Anterix by 1,843.5% in the third quarter. Tower Research Capital LLC TRC now owns 11,700 shares of the company's stock valued at $367,000 after buying an additional 11,098 shares in the last quarter. Strs Ohio purchased a new stake in shares of Anterix in the 3rd quarter valued at $561,000. GSA Capital Partners LLP purchased a new stake in shares of Anterix in the 3rd quarter valued at $687,000. Finally, SG Americas Securities LLC acquired a new position in Anterix during the 3rd quarter worth about $847,000. Hedge funds and other institutional investors own 87.67% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the stock. B. Riley reissued a "buy" rating and issued a $75.00 price objective on shares of Anterix in a report on Friday, February 16th. TheStreet raised shares of Anterix from a "d+" rating to a "c-" rating in a research note on Wednesday, February 28th.
Check Out Our Latest Analysis on ATEX
Anterix Company Profile
(
Get Free Report)
Anterix Inc operates as a wireless communications company. The company focuses on commercializing its spectrum assets to enable the targeted utility and critical infrastructure customers to deploy private broadband networks and innovative broadband solutions. It holds licensed spectrum in the 900 MHz band with coverage throughout the United States, Alaska, Hawaii, and Puerto Rico.
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