Anterix Inc. $ATEX Shares Sold by Woodmont Investment Counsel LLC

Woodmont Investment Counsel LLC decreased its holdings in shares of Anterix Inc. (NASDAQ:ATEX) by 8.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,058 shares of the company’s stock after selling 2,830 shares during the period. Woodmont Investment Counsel LLC owned about 0.16% of Anterix worth $745,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its position in Anterix by 131,650.0% during the first quarter. GAMMA Investing LLC now owns 2,635 shares of the company’s stock worth $96,000 after acquiring an additional 2,633 shares during the period. Covestor Ltd increased its stake in shares of Anterix by 203,300.0% during the first quarter. Covestor Ltd now owns 4,068 shares of the company’s stock worth $149,000 after purchasing an additional 4,066 shares in the last quarter. Central Pacific Bank Trust Division raised its position in shares of Anterix by 71.4% during the 2nd quarter. Central Pacific Bank Trust Division now owns 6,000 shares of the company’s stock worth $154,000 after purchasing an additional 2,500 shares during the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of Anterix during the 1st quarter worth about $155,000. Finally, Meeder Asset Management Inc. purchased a new position in Anterix in the 1st quarter valued at about $167,000. Hedge funds and other institutional investors own 87.67% of the company’s stock.

Insider Buying and Selling at Anterix

In other news, CEO Scott A. Lang acquired 4,650 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The stock was purchased at an average price of $21.28 per share, with a total value of $98,952.00. Following the completion of the acquisition, the chief executive officer owned 4,650 shares of the company’s stock, valued at $98,952. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 45.61% of the company’s stock.

Anterix Price Performance

ATEX stock opened at $22.29 on Tuesday. Anterix Inc. has a 1 year low of $20.61 and a 1 year high of $42.91. The firm has a market capitalization of $417.71 million, a PE ratio of 14.29 and a beta of 0.81. The business has a 50 day simple moving average of $22.07 and a 200-day simple moving average of $26.31.

Anterix (NASDAQ:ATEX) last released its quarterly earnings data on Tuesday, August 12th. The company reported ($0.48) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.54) by $0.06. The company had revenue of $1.42 million for the quarter, compared to analyst estimates of $1.51 million. Anterix had a negative return on equity of 23.87% and a net margin of 495.14%. On average, equities research analysts expect that Anterix Inc. will post -1.53 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Wall Street Zen lowered Anterix from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Anterix in a research report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.00.

About Anterix

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.