Key Points
- Anterix CMO Heather Martin sold 8,064 shares at an average price of $84.20, totaling $678,988.80. Her remaining 26,743-share stake is valued at approximately $2.25 million, representing a 23.17% reduction.
- ATEX opened at $82.18 and was trading down 0.7%, with a market capitalization of $1.61 billion. The company beat quarterly earnings expectations, reporting adjusted EPS of $0.01 versus the consensus estimate of a $0.43 loss, though revenue slightly missed forecasts.
- Analyst sentiment remains mixed but leans positive, with a consensus rating of “Moderate Buy” and an average price target of $120. Institutional investors own approximately 87.67% of Anterix shares.
Anterix Inc. (NASDAQ:ATEX - Get Free Report) Director Leslie Daniels sold 2,500 shares of the company's stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $83.83, for a total transaction of $209,575.00. Following the sale, the director directly owned 43,477 shares in the company, valued at approximately $3,644,676.91. The trade was a 5.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Anterix Stock Down 0.7%
Shares of ATEX stock opened at $82.18 on Friday. Anterix Inc. has a 52 week low of $17.58 and a 52 week high of $113.00. The stock has a market capitalization of $1.61 billion, a PE ratio of 23.48 and a beta of 0.84. The firm has a 50 day moving average of $94.56 and a two-hundred day moving average of $68.48.
Anterix (NASDAQ:ATEX - Get Free Report) last released its earnings results on Tuesday, August 11th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.43) by $0.44. Anterix had a negative return on equity of 10.65% and a net margin of 933.03%.The firm had revenue of $1.96 million during the quarter, compared to analyst estimates of $2.00 million. Analysts expect that Anterix Inc. will post -2 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on ATEX shares. Clear Str raised Anterix to a "strong-buy" rating in a research report on Monday, July 27th. JPMorgan Chase & Co. reduced their target price on shares of Anterix from $133.00 to $130.00 and set an "overweight" rating on the stock in a report on Thursday, August 13th. Weiss Ratings upgraded shares of Anterix from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, June 26th. DA Davidson set a $161.00 price target on shares of Anterix in a report on Friday, August 21st. Finally, Wall Street Zen downgraded shares of Anterix from a "hold" rating to a "sell" rating in a research report on Saturday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $120.00.
Check Out Our Latest Report on Anterix
Hedge Funds Weigh In On Anterix
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ATEX. Integrated Wealth Concepts LLC acquired a new stake in Anterix during the second quarter worth approximately $35,000. Parallel Advisors LLC lifted its position 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 during the last quarter. Tower Research Capital LLC TRC boosted its holdings 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 buying an additional 1,233 shares in the last quarter. Fifth Third Bancorp acquired a new position in shares of Anterix in the 1st quarter valued at $64,000. Finally, Legal & General Group Plc purchased a new position in shares of Anterix in the 2nd quarter valued at $222,000. 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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