Anterix (NASDAQ:ATEX) CMO Heather Martin Sells 8,064 Shares

Anterix Inc. (NASDAQ:ATEX) CMO Heather Martin sold 8,064 shares of Anterix stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $84.20, for a total transaction of $678,988.80. Following the transaction, the chief marketing officer owned 26,743 shares of the company’s stock, valued at $2,251,760.60. The trade was a 23.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Anterix Stock Down 0.7%

Shares of ATEX opened at $82.18 on Friday. The stock has a market cap of $1.61 billion, a P/E ratio of 23.48 and a beta of 0.84. The business’s 50 day moving average price is $94.56 and its 200-day moving average price is $68.48. Anterix Inc. has a 52 week low of $17.58 and a 52 week high of $113.00.

Anterix (NASDAQ:ATEX) last posted 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. The company had revenue of $1.96 million during the quarter, compared to analyst estimates of $2.00 million. Anterix had a negative return on equity of 10.65% and a net margin of 933.03%. On average, equities analysts anticipate that Anterix Inc. will post -2 EPS for the current year.

Institutional Trading of Anterix

A number of institutional investors and hedge funds have recently modified their holdings of the business. Integrated Wealth Concepts LLC purchased a new position in shares of Anterix in the second quarter worth $35,000. Parallel Advisors LLC boosted its position in shares of Anterix by 63.7% during the first quarter. Parallel Advisors LLC now owns 933 shares of the company’s stock valued at $36,000 after buying an additional 363 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Anterix by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 138,677 shares of the company’s stock valued at $3,027,000 after buying an additional 599 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Anterix by 12.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 5,760 shares of the company’s stock worth $148,000 after buying an additional 637 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Anterix by 17.0% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,084 shares of the company’s stock worth $182,000 after buying an additional 1,029 shares in the last quarter. Institutional investors own 87.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ATEX shares. Clear Str upgraded Anterix to a “strong-buy” rating in a report on Monday, July 27th. 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 objective on shares of Anterix in a research report on Friday, August 21st. B. Riley Financial lowered shares of Anterix from a “buy” rating to a “neutral” rating and raised their price objective for the company from $44.00 to $69.00 in a research note on Thursday, June 4th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Anterix from $133.00 to $130.00 and set an “overweight” rating for the company in a report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $120.00.

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.