Key Points
- Insider Gena Ashe sold 6,564 shares on November 18 at an average price of $21.07 for about $138,303, reducing her position by 32.94% to 13,366 shares.
- Anterix reported a smaller-than-expected quarterly loss of ($0.14) vs. consensus ($0.65) on $1.55M in revenue, and the stock trades around $21.10 with a market cap near $394.8M and 50-/200-day moving averages of $20.82 and $23.46.
- Institutional investors own about 87.67% of the company (Vanguard holds 1,050,022 shares), while analysts show mixed views with a consensus "Hold" and an average target price of $50.
Anterix Inc. (NASDAQ:ATEX - Get Free Report) insider Gena Ashe sold 6,564 shares of the company's stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $21.07, for a total transaction of $138,303.48. Following the transaction, the insider owned 13,366 shares in the company, valued at $281,621.62. The trade was a 32.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Anterix Trading Up 1.0%
Shares of NASDAQ:ATEX traded up $0.21 on Thursday, hitting $21.10. 8,534 shares of the company were exchanged, compared to its average volume of 184,706. The firm has a market capitalization of $394.84 million, a P/E ratio of 13.52 and a beta of 0.80. Anterix Inc. has a 1-year low of $17.58 and a 1-year high of $42.91. The stock's 50 day moving average price is $20.82 and its 200 day moving average price is $23.46.
Anterix (NASDAQ:ATEX - Get Free Report) last issued its earnings results on Wednesday, November 12th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.65) by $0.51. Anterix had a negative return on equity of 23.87% and a net margin of 495.14%.The company had revenue of $1.55 million during the quarter, compared to analyst estimates of $1.43 million. On average, equities analysts predict that Anterix Inc. will post -1.53 EPS for the current fiscal year.
Institutional Investors Weigh In On Anterix
A number of institutional investors have recently added to or reduced their stakes in the stock. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Anterix during the first quarter valued at $227,000. Meeder Asset Management Inc. purchased a new position in Anterix in the 1st quarter valued at about $167,000. New Age Alpha Advisors LLC acquired a new stake in Anterix in the 1st quarter worth about $155,000. Vanguard Group Inc. increased its stake in Anterix by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 1,050,022 shares of the company's stock worth $38,431,000 after buying an additional 15,043 shares in the last quarter. Finally, Swiss National Bank raised its holdings in shares of Anterix by 8.8% during the first quarter. Swiss National Bank now owns 19,850 shares of the company's stock valued at $727,000 after acquiring an additional 1,600 shares during the last quarter. Institutional investors and hedge funds own 87.67% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on ATEX. Wall Street Zen lowered shares of Anterix from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. JPMorgan Chase & Co. lowered their price target on shares of Anterix from $67.00 to $50.00 and set an "overweight" rating on the stock in a report on Friday, October 17th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Anterix in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $50.00.
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About Anterix
(
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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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