Key Points
- CFO Elena Marquez sold 4,981 Anterix shares at an average price of $80.43, totaling $400,621.83. The Rule 10b5-1 transaction reduced her direct ownership by 28.33% to 12,604 shares.
- Anterix recently reported quarterly EPS of $0.01, beating analysts’ expectations of a $0.43 loss, while revenue of $1.96 million was slightly below estimates.
- Analysts maintain a consensus “Moderate Buy” rating with an average $120 price target, and institutional investors own 87.67% of the company.
Anterix Inc. (NASDAQ:ATEX - Get Free Report) CFO Elena Marquez sold 4,981 shares of the stock in a transaction on Friday, October 9th. The stock was sold at an average price of $80.43, for a total transaction of $400,621.83. Following the sale, the chief financial officer directly owned 12,604 shares in the company, valued at $1,013,739.72. This trade represents a 28.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Anterix Stock Performance
Anterix stock opened at $84.87 on Wednesday. Anterix Inc. has a 1 year low of $17.58 and a 1 year high of $113.00. The firm's 50-day moving average is $86.36 and its 200-day moving average is $75.38.
Anterix (NASDAQ:ATEX - Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.01 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $2.00 million. On average, equities research analysts forecast that Anterix Inc. will post -2.00 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the company. Clear Str upgraded Anterix to a "strong-buy" rating in a research note on Monday, July 27th. DA Davidson set a $161.00 price target on Anterix in a research report on Friday, August 21st. Wall Street Zen cut Anterix from a "hold" rating to a "sell" rating in a research report on Saturday, August 15th. JPMorgan Chase & Co. cut their price target on Anterix from $133.00 to $130.00 and set an "overweight" rating on the stock in a report on Thursday, August 13th. Finally, Weiss Ratings upgraded Anterix from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $120.00.
View Our Latest Analysis on ATEX
Institutional Investors Weigh In On Anterix
Several large investors have recently made changes to their positions in ATEX. BlackRock Inc. bought a new position in shares of Anterix in the second quarter valued at approximately $110,672,000. Jupiter Topco LLC bought a new stake in Anterix during the second quarter worth approximately $68,189,000. Panoramic Capital LLC bought a new stake in Anterix during the second quarter worth approximately $15,892,000. Bank of America Corp DE bought a new stake in Anterix during the second quarter worth approximately $13,865,000. Finally, Dimensional Fund Advisors LP raised its holdings in Anterix by 30.8% during the first quarter. Dimensional Fund Advisors LP now owns 424,856 shares of the company's stock worth $16,223,000 after purchasing an additional 99,933 shares in the last quarter. Institutional investors and hedge funds own 87.67% of the company's stock.
About Anterix
(
Get Free Report)
Anterix Inc (NASDAQ: ATEX) develops and enables private wireless broadband networks for critical infrastructure organizations in the United States. The company focuses on using its licensed 900 MHz spectrum to support secure, reliable communications for electric utilities and other organizations that require resilient connectivity for operational technology and field personnel.
Anterix provides spectrum access and related solutions designed to help utilities modernize communications networks, including support for grid management, outage response, remote monitoring, automation and other mission-critical applications.
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