Anterix Inc. (NASDAQ:ATEX) CFO Timothy Gray Sells 16,667 Shares

Anterix Inc. (NASDAQ:ATEX) CFO Timothy Gray sold 16,667 shares of the stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $31.91, for a total value of $531,843.97. Following the sale, the chief financial officer now directly owns 90,475 shares in the company, valued at approximately $2,887,057.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Anterix Stock Performance

Shares of ATEX stock traded down $0.19 during mid-day trading on Friday, hitting $31.98. The company’s stock had a trading volume of 98,350 shares, compared to its average volume of 112,435. The company has a market cap of $592.27 million, a PE ratio of 38.07 and a beta of 0.67. The company’s fifty day simple moving average is $33.99 and its 200-day simple moving average is $32.95. Anterix Inc. has a 52 week low of $27.20 and a 52 week high of $40.45.

Anterix (NASDAQ:ATEX) last posted its quarterly earnings results on Wednesday, February 14th. The company reported ($0.55) earnings per share for the quarter, beating the consensus estimate of ($0.61) by $0.06. Anterix had a net margin of 447.16% and a negative return on equity of 17.22%. The firm had revenue of $1.27 million during the quarter, compared to the consensus estimate of $1.20 million. On average, equities analysts anticipate that Anterix Inc. will post -0.23 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. B. Riley restated a “buy” rating and set a $75.00 target price on shares of Anterix in a research note on Friday, February 16th. TheStreet raised shares of Anterix from a “d+” rating to a “c-” rating in a research report on Wednesday, February 28th.

Hedge Funds Weigh In On Anterix

Several large investors have recently added to or reduced their stakes in ATEX. Heard Capital LLC raised its holdings in Anterix by 0.9% during the 4th quarter. Heard Capital LLC now owns 1,829,551 shares of the company’s stock valued at $60,961,000 after buying an additional 16,420 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Anterix by 1.4% during the third quarter. Vanguard Group Inc. now owns 831,320 shares of the company’s stock worth $26,087,000 after purchasing an additional 11,678 shares during the period. Clearbridge Investments LLC grew its stake in shares of Anterix by 0.6% in the fourth quarter. Clearbridge Investments LLC now owns 311,177 shares of the company’s stock worth $10,368,000 after purchasing an additional 1,979 shares during the last quarter. Roubaix Capital LLC raised its position in Anterix by 2.1% during the 4th quarter. Roubaix Capital LLC now owns 166,877 shares of the company’s stock valued at $5,560,000 after purchasing an additional 3,485 shares during the last quarter. Finally, Gabelli Funds LLC boosted its holdings in shares of Anterix by 4.3% during the 4th quarter. Gabelli Funds LLC now owns 135,100 shares of the company’s stock valued at $4,502,000 after buying an additional 5,600 shares in the last quarter. Institutional investors own 87.67% of the company’s stock.

Anterix Company Profile

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.