Key Points
- CEO Scott Lang purchased 1,160 Anterix shares on December 18 at $21.61 each for $25,067.60, increasing his direct stake to 8,260 shares (a 16.34% rise) in a transaction disclosed to the SEC.
- Anterix has a market cap of about $413.7M, a P/E of 4.32 and a 52-week range of $17.58–$42.91; the company reported an EPS of -$0.14 last quarter (beating the -$0.65 consensus) on $1.55M revenue.
- Analyst and institutional sentiment is mixed: MarketBeat shows a consensus rating of Hold with an average target of $50, JPMorgan is "overweight" with a $50 target, and institutional investors own roughly 87.7% of the stock.
Anterix Inc. (NASDAQ:ATEX - Get Free Report) CEO Scott Lang bought 1,160 shares of the company's stock in a transaction that occurred on Thursday, December 18th. The shares were bought at an average cost of $21.61 per share, for a total transaction of $25,067.60. Following the transaction, the chief executive officer directly owned 8,260 shares of the company's stock, valued at $178,498.60. This trade represents a 16.34% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Anterix Price Performance
Shares of Anterix stock opened at $22.10 on Friday. Anterix Inc. has a fifty-two week low of $17.58 and a fifty-two week high of $42.91. The firm has a fifty day moving average price of $20.39 and a two-hundred day moving average price of $22.40. The company has a market cap of $413.71 million, a PE ratio of 4.32 and a beta of 0.92.
Anterix (NASDAQ:ATEX - Get Free Report) last posted its quarterly earnings data on Wednesday, November 12th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.65) by $0.51. The company had revenue of $1.55 million for the quarter, compared to the consensus estimate of $1.43 million. Anterix had a net margin of 1,614.08% and a negative return on equity of 14.95%. Analysts expect that Anterix Inc. will post -1.53 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
ATEX has been the subject of a number of research reports. Weiss Ratings reiterated a "sell (d+)" rating on shares of Anterix in a research report on Wednesday, October 8th. JPMorgan Chase & Co. cut their target price on Anterix from $67.00 to $50.00 and set an "overweight" rating for the company in a research note on Friday, October 17th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Anterix currently has a consensus rating of "Hold" and an average target price of $50.00.
Get Our Latest Research Report on Anterix
Institutional Investors Weigh In On Anterix
Institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC grew its stake in shares of Anterix by 299.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,645 shares of the company's stock valued at $42,000 after purchasing an additional 1,233 shares during the period. FNY Investment Advisers LLC bought a new position in shares of Anterix during the 2nd quarter worth approximately $48,000. Quantbot Technologies LP acquired a new stake in Anterix in the 3rd quarter valued at $57,000. BNP Paribas Financial Markets grew its position in Anterix by 119.3% in the second quarter. BNP Paribas Financial Markets now owns 2,404 shares of the company's stock valued at $62,000 after acquiring an additional 1,308 shares during the period. Finally, Virtus Advisers LLC acquired a new position in Anterix during the third quarter worth $75,000. 87.67% of the stock is owned by institutional investors and hedge funds.
Anterix Company Profile
(
Get Free Report)
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.
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