Anterix Inc. (NASDAQ:ATEX - Get Free Report) Director William Heard sold 46,400 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $90.11, for a total value of $4,181,104.00. Following the transaction, the director owned 1,670,338 shares in the company, valued at $150,514,157.18. The trade was a 2.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Anterix Stock Performance
ATEX opened at $90.75 on Wednesday. The stock has a fifty day moving average of $93.59 and a 200-day moving average of $61.31. The company has a market capitalization of $1.78 billion, a P/E ratio of 25.93 and a beta of 0.85. Anterix Inc. has a fifty-two week low of $17.58 and a fifty-two week high of $113.00.
Anterix (NASDAQ:ATEX - Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.43) by $0.44. Anterix had a net margin of 933.03% and a negative return on equity of 10.65%. The business had revenue of $1.96 million for the quarter, compared to the consensus estimate of $2.00 million. On average, equities research analysts predict that Anterix Inc. will post -2 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several research analysts have recently commented on the stock. B. Riley Financial cut shares of Anterix from a "buy" rating to a "neutral" rating and raised their target price for the stock from $44.00 to $69.00 in a report on Thursday, June 4th. Clear Str upgraded Anterix to a "strong-buy" rating in a research note on Monday, July 27th. JPMorgan Chase & Co. reduced their price target on Anterix from $133.00 to $130.00 and set an "overweight" rating on the stock in a research report on Thursday, August 13th. Wall Street Zen lowered Anterix from a "hold" rating to a "sell" rating in a research note on Saturday. Finally, Weiss Ratings raised Anterix from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $99.50.
View Our Latest Analysis on ATEX
Institutional Investors Weigh In On Anterix
A number of large investors have recently modified their holdings of the business. Parallel Advisors LLC raised its holdings in shares of Anterix by 63.7% during the 1st quarter. Parallel Advisors LLC now owns 933 shares of the company's stock worth $36,000 after buying an additional 363 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Anterix by 299.3% in the second quarter. Tower Research Capital LLC TRC now owns 1,645 shares of the company's stock valued at $42,000 after buying an additional 1,233 shares in the last quarter. Quantbot Technologies LP bought a new position in Anterix in the third quarter valued at about $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 last quarter. Finally, Fifth Third Bancorp acquired a new position in Anterix during the first quarter worth about $64,000. Institutional investors and hedge funds own 87.67% of the company's stock.
About Anterix
(
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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