AYAL Capital Advisors Ltd Purchases 56,029 Shares of Anterix Inc. $ATEX

AYAL Capital Advisors Ltd raised its position in shares of Anterix Inc. (NASDAQ:ATEX) by 26.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 265,000 shares of the company’s stock after acquiring an additional 56,029 shares during the period. Anterix makes up about 2.0% of AYAL Capital Advisors Ltd’s investment portfolio, making the stock its 11th largest position. AYAL Capital Advisors Ltd’s holdings in Anterix were worth $5,785,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of ATEX. Jefferies Financial Group Inc. bought a new stake in shares of Anterix during the fourth quarter worth $9,922,000. Gamco Investors INC. ET AL increased its stake in shares of Anterix by 32.0% during the fourth quarter. Gamco Investors INC. ET AL now owns 422,470 shares of the company’s stock valued at $9,223,000 after buying an additional 102,400 shares during the period. Gabelli Funds LLC increased its stake in shares of Anterix by 52.2% during the third quarter. Gabelli Funds LLC now owns 286,282 shares of the company’s stock valued at $6,146,000 after buying an additional 98,130 shares during the period. Marshall Wace LLP grew its stake in Anterix by 51.6% in the third quarter. Marshall Wace LLP now owns 286,581 shares of the company’s stock valued at $6,153,000 after purchasing an additional 97,601 shares during the last quarter. Finally, Teton Advisors LLC purchased a new position in Anterix in the third quarter valued at about $1,245,000. Institutional investors own 87.67% of the company’s stock.

Wall Street Analyst Weigh In

ATEX has been the topic of a number of research analyst reports. Weiss Ratings upgraded Anterix from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, April 21st. B. Riley Financial downgraded Anterix from a “buy” rating to a “neutral” rating and boosted their price target for the company from $44.00 to $69.00 in a report on Thursday, June 4th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Anterix has an average rating of “Hold” and an average target price of $59.50.

Anterix Price Performance

ATEX stock opened at $79.16 on Thursday. The firm has a market capitalization of $1.48 billion, a P/E ratio of 16.36 and a beta of 0.95. The business’s 50-day moving average is $56.03 and its two-hundred day moving average is $38.64. Anterix Inc. has a 1 year low of $17.58 and a 1 year high of $88.12.

Insider Transactions at Anterix

In related news, Director Mahvash Yazdi sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $80.00, for a total transaction of $560,000.00. Following the transaction, the director owned 19,407 shares in the company, valued at $1,552,560. This trade represents a 26.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mark Fleischhauer sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $79.83, for a total value of $279,405.00. Following the transaction, the director owned 12,769 shares in the company, valued at $1,019,349.27. This represents a 21.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 119,648 shares of company stock worth $9,819,381. 45.61% of the stock is owned by corporate insiders.

About Anterix

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.