Elena Marquez Sells 4,291 Shares of Anterix (NASDAQ:ATEX) Stock

Anterix Inc. (NASDAQ:ATEX) CFO Elena Marquez sold 4,291 shares of the company’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $79.50, for a total value of $341,134.50. Following the sale, the chief financial officer owned 18,387 shares in the company, valued at approximately $1,461,766.50. The trade was a 18.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Anterix Stock Down 5.8%

ATEX traded down $4.63 during trading on Thursday, hitting $74.53. The company’s stock had a trading volume of 801,299 shares, compared to its average volume of 390,364. The firm has a market capitalization of $1.40 billion, a P/E ratio of 15.40 and a beta of 0.95. Anterix Inc. has a twelve month low of $17.58 and a twelve month high of $88.12. The stock’s fifty day moving average price is $56.03 and its 200-day moving average price is $38.64.

Institutional Investors Weigh In On Anterix

Institutional investors and hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC lifted its position in Anterix by 63.7% in the 1st quarter. Parallel Advisors LLC now owns 933 shares of the company’s stock valued at $36,000 after acquiring an additional 363 shares in the last quarter. Bank of America Corp DE increased its holdings in Anterix by 17.2% during the 1st quarter. Bank of America Corp DE now owns 167,781 shares of the company’s stock worth $6,408,000 after purchasing an additional 24,657 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Anterix by 151.2% in the first quarter. Royal Bank of Canada now owns 3,034 shares of the company’s stock worth $116,000 after purchasing an additional 1,826 shares during the last quarter. Quantinno Capital Management LP raised its stake in shares of Anterix by 64.6% in the first quarter. Quantinno Capital Management LP now owns 15,619 shares of the company’s stock worth $596,000 after purchasing an additional 6,132 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its holdings in shares of Anterix by 0.8% in the first quarter. Gamco Investors INC. ET AL now owns 425,820 shares of the company’s stock valued at $16,262,000 after purchasing an additional 3,350 shares in the last quarter. Institutional investors and hedge funds own 87.67% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on ATEX. Weiss Ratings raised shares of 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 raised their target price for the company from $44.00 to $69.00 in a research note 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 company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $59.50.

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.