Anterix (NASDAQ:ATEX) Insider Gena Ashe Sells 6,564 Shares

Anterix Inc. (NASDAQ:ATEX) insider Gena Ashe sold 6,564 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $21.07, for a total value of $138,303.48. Following the transaction, the insider owned 13,366 shares of the company’s stock, valued at approximately $281,621.62. This trade represents a 32.94% 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.

Anterix Stock Performance

Shares of NASDAQ ATEX traded up $0.21 during midday trading on Thursday, reaching $21.10. The stock had a trading volume of 8,534 shares, compared to its average volume of 184,706. The company has a market capitalization of $394.84 million, a price-to-earnings ratio of 13.52 and a beta of 0.80. Anterix Inc. has a 12-month low of $17.58 and a 12-month high of $42.91. The stock has a 50-day moving average of $20.82 and a 200-day moving average of $23.46.

Anterix (NASDAQ:ATEX) last posted its quarterly earnings results on Wednesday, November 12th. The company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.65) by $0.51. Anterix had a negative return on equity of 23.87% and a net margin of 495.14%.The company had revenue of $1.55 million for the quarter, compared to analysts’ expectations of $1.43 million. As a group, analysts forecast that Anterix Inc. will post -1.53 EPS for the current fiscal year.

Institutional Investors Weigh In On Anterix

Several large investors have recently added to or reduced their stakes in the stock. AlphaQuest LLC increased its position in shares of Anterix by 12.9% during the third quarter. AlphaQuest LLC now owns 5,435 shares of the company’s stock worth $117,000 after acquiring an additional 619 shares during the period. Russell Investments Group Ltd. raised its position in Anterix by 12.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 5,760 shares of the company’s stock valued at $148,000 after purchasing an additional 637 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of 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 during the period. Police & Firemen s Retirement System of New Jersey grew its position in shares of Anterix by 52.2% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 3,069 shares of the company’s stock worth $79,000 after buying an additional 1,052 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Anterix by 299.3% in the second quarter. Tower Research Capital LLC TRC now owns 1,645 shares of the company’s stock valued at $42,000 after acquiring an additional 1,233 shares in the last quarter. 87.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on ATEX shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Anterix in a research note on Wednesday, October 8th. JPMorgan Chase & Co. dropped their price target on Anterix from $67.00 to $50.00 and set an “overweight” rating for the company in a research note on Friday, October 17th. Finally, Wall Street Zen cut Anterix from a “hold” rating to a “sell” rating in a report on Saturday, August 16th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Anterix has a consensus rating of “Hold” and a consensus target price of $50.00.

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.