Kirr Marbach & Co. LLC IN Purchases 13,396 Shares of Anterix Inc. $ATEX

Kirr Marbach & Co. LLC IN raised its position in Anterix Inc. (NASDAQ:ATEX) by 13.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 113,814 shares of the company’s stock after purchasing an additional 13,396 shares during the period. Kirr Marbach & Co. LLC IN’s holdings in Anterix were worth $4,347,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Beartown Capital Management LLC acquired a new stake in Anterix in the 4th quarter valued at approximately $3,165,000. XTX Topco Ltd bought a new position in shares of Anterix during the 4th quarter worth approximately $311,000. Toronto Dominion Bank bought a new position in shares of Anterix during the 4th quarter worth approximately $94,000. Millennium Management LLC raised its holdings in shares of Anterix by 1,153.1% in the fourth quarter. Millennium Management LLC now owns 439,946 shares of the company’s stock valued at $9,604,000 after purchasing an additional 404,838 shares during the last quarter. Finally, Man Group plc lifted its position in shares of Anterix by 32.3% in the fourth quarter. Man Group plc now owns 100,145 shares of the company’s stock worth $2,186,000 after purchasing an additional 24,431 shares in the last quarter. 87.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Mahvash Yazdi sold 7,000 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $80.00, for a total transaction of $560,000.00. Following the transaction, the director directly owned 19,407 shares in the company, valued at $1,552,560. The trade was a 26.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Elena Marquez sold 4,291 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $79.50, for a total transaction of $341,134.50. Following the completion of the sale, the chief financial officer owned 18,387 shares of the company’s stock, valued at $1,461,766.50. This trade represents a 18.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 124,109 shares of company stock worth $10,174,158. Corporate insiders own 45.61% of the company’s stock.

Analyst Upgrades and Downgrades

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

Anterix Trading Up 3.8%

NASDAQ:ATEX opened at $79.98 on Wednesday. Anterix Inc. has a 1-year low of $17.58 and a 1-year high of $88.12. The firm has a fifty day simple moving average of $59.03 and a 200 day simple moving average of $40.22. The stock has a market capitalization of $1.50 billion, a PE ratio of 16.52 and a beta of 0.95.

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.