Elena Marquez Sells 4,291 Shares of Anterix (NASDAQ:ATEX) Stock

Anterix Inc. (NASDAQ:ATEX) CFO Elena Marquez sold 4,291 shares of the stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $79.50, for a total value of $341,134.50. Following the completion of the sale, the chief financial officer directly owned 18,387 shares of the company’s stock, valued at $1,461,766.50. The trade was a 18.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Anterix Stock Down 5.8%

NASDAQ:ATEX traded down $4.63 during trading hours on Thursday, hitting $74.53. 801,299 shares of the company traded hands, compared to its average volume of 390,364. The firm’s 50-day simple moving average is $56.03 and its 200-day simple moving average is $38.64. Anterix Inc. has a one year low of $17.58 and a one year high of $88.12. The company has a market cap of $1.40 billion, a PE ratio of 15.40 and a beta of 0.95.

Analyst Ratings Changes

A number of research firms recently weighed in on ATEX. B. Riley Financial lowered shares of Anterix from a “buy” rating to a “neutral” rating and raised their price target for the company from $44.00 to $69.00 in a research report on Thursday, June 4th. Weiss Ratings upgraded shares of Anterix from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $59.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC grew its stake in Anterix by 63.7% in the 1st quarter. Parallel Advisors LLC now owns 933 shares of the company’s stock valued at $36,000 after purchasing an additional 363 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Anterix by 299.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,645 shares of the company’s stock worth $42,000 after purchasing an additional 1,233 shares during the period. Quantbot Technologies LP bought a new stake in shares of Anterix during the 3rd quarter worth $57,000. BNP Paribas Financial Markets boosted its holdings in shares of Anterix by 119.3% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,404 shares of the company’s stock worth $62,000 after buying an additional 1,308 shares during the last quarter. Finally, Fifth Third Bancorp purchased a new position in shares of Anterix in the 1st quarter worth about $64,000. Hedge funds and other institutional investors own 87.67% of the company’s stock.

Anterix Company Profile

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.