Leslie Daniels Sells 2,500 Shares of Anterix (NASDAQ:ATEX) Stock

Anterix Inc. (NASDAQ:ATEX) Director Leslie Daniels sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $83.83, for a total transaction of $209,575.00. Following the completion of the transaction, the director directly owned 43,477 shares of the company’s stock, valued at $3,644,676.91. This represents a 5.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Anterix Stock Down 0.7%

NASDAQ:ATEX opened at $82.18 on Friday. Anterix Inc. has a 52 week low of $17.58 and a 52 week high of $113.00. The company has a fifty day simple moving average of $94.56 and a two-hundred day simple moving average of $68.48. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 23.48 and a beta of 0.84.

Anterix (NASDAQ:ATEX) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.43) by $0.44. The business had revenue of $1.96 million for the quarter, compared to analysts’ expectations of $2.00 million. Anterix had a negative return on equity of 10.65% and a net margin of 933.03%. On average, analysts expect that Anterix Inc. will post -2 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Integrated Wealth Concepts LLC purchased a new position in shares of Anterix in the 2nd quarter valued at about $35,000. California State Teachers Retirement System lifted its stake in Anterix by 2,570.8% during the second quarter. California State Teachers Retirement System now owns 16,265 shares of the company’s stock worth $1,674,000 after purchasing an additional 15,656 shares during the last quarter. Wellington Management Group LLP acquired a new position in Anterix in the second quarter valued at approximately $3,192,000. Proficio Capital Partners LLC acquired a new position in Anterix in the second quarter valued at approximately $309,000. Finally, Panoramic Capital LLC purchased a new position in Anterix in the second quarter valued at approximately $15,892,000. 87.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ATEX shares. DA Davidson set a $161.00 price objective on Anterix in a research note on Friday, August 21st. B. Riley Financial cut 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 report on Thursday, June 4th. Clear Str raised shares of 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. Finally, JPMorgan Chase & Co. lowered their price target 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 investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Anterix currently has a consensus rating of “Moderate Buy” and an average price target of $120.00.

Anterix Company Profile

Anterix Inc (NASDAQ: ATEX) provides private wireless broadband solutions for critical infrastructure organizations, with a primary focus on electric utilities in the United States. The company’s services are designed to support mission-critical communications, grid modernization, operational technology, and other applications that require secure and reliable connectivity.

Anterix owns and manages licensed spectrum in the 900 MHz band and makes that spectrum available through arrangements with utility and infrastructure customers.