Key Points
- Anterix CEO Scott Lang purchased 2,450 shares at an average price of $20.41 for a total of $50,004.50, increasing his direct ownership to 7,100 shares (a 52.69% rise), as disclosed in an SEC filing.
- Shares traded up 4.3% to $22.55 after the filing; Anterix has a $422M market cap, recently beat quarterly EPS estimates (-$0.14 vs. -$0.65), but faces mixed analyst ratings and a consensus target price of $50.
Anterix Inc. (NASDAQ:ATEX - Get Free Report) CEO Scott Lang purchased 2,450 shares of the firm's stock in a transaction on Monday, December 8th. The shares were acquired at an average cost of $20.41 per share, for a total transaction of $50,004.50. Following the completion of the purchase, the chief executive officer directly owned 7,100 shares of the company's stock, valued at approximately $144,911. This represents a 52.69% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Anterix Stock Up 4.3%
Shares of Anterix stock traded up $0.94 during trading on Thursday, reaching $22.55. The company's stock had a trading volume of 51,575 shares, compared to its average volume of 185,257. Anterix Inc. has a 52-week low of $17.58 and a 52-week high of $42.91. The firm's 50-day moving average is $20.41 and its two-hundred day moving average is $22.62. The company has a market cap of $422.04 million, a price-to-earnings ratio of 4.41 and a beta of 0.92.
Anterix (NASDAQ:ATEX - Get Free Report) last posted its quarterly earnings results on Wednesday, November 12th. The company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.65) by $0.51. Anterix had a net margin of 1,614.08% and a negative return on equity of 14.95%. The business had revenue of $1.55 million during the quarter, compared to the consensus estimate of $1.43 million. On average, equities research analysts anticipate that Anterix Inc. will post -1.53 EPS for the current year.
Institutional Investors Weigh In On Anterix
Institutional investors and hedge funds have recently modified their holdings of the stock. Scoggin Management LP purchased a new position in shares of Anterix during the first quarter valued at about $10,980,000. Nuveen LLC purchased a new stake in Anterix in the first quarter worth about $7,204,000. Roubaix Capital LLC bought a new stake in Anterix during the 1st quarter valued at approximately $5,918,000. AYAL Capital Advisors Ltd grew its holdings in shares of Anterix by 143.4% during the 2nd quarter. AYAL Capital Advisors Ltd now owns 240,171 shares of the company's stock worth $6,160,000 after acquiring an additional 141,500 shares during the period. Finally, Gabelli Funds LLC raised its position in shares of Anterix by 52.2% in the 3rd quarter. Gabelli Funds LLC now owns 286,282 shares of the company's stock worth $6,146,000 after acquiring an additional 98,130 shares in the last quarter. 87.67% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities analysts recently issued reports on the company. Weiss Ratings restated a "sell (d+)" rating on shares of Anterix in a research report on Wednesday, October 8th. Wall Street Zen lowered Anterix from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Anterix from $67.00 to $50.00 and set an "overweight" rating on the stock in a research note on Friday, October 17th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Anterix has an average rating of "Hold" and a consensus target price of $50.00.
Get Our Latest Stock Report on Anterix
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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