Moody Aldrich Partners LLC Buys 14,797 Shares of Anterix Inc. $ATEX

Moody Aldrich Partners LLC purchased a new stake in Anterix Inc. (NASDAQ:ATEX) in the third quarter, HoldingsChannel reports. The fund purchased 14,797 shares of the company’s stock, valued at approximately $1,162,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Anterix during the 2nd quarter worth about $110,672,000. Jupiter Topco LLC bought a new stake in shares of Anterix in the second quarter valued at about $68,189,000. Panoramic Capital LLC bought a new stake in shares of Anterix in the second quarter valued at about $15,892,000. Bank of America Corp DE bought a new stake in shares of Anterix in the second quarter valued at about $13,865,000. Finally, Dimensional Fund Advisors LP grew its position in Anterix by 30.8% during the first quarter. Dimensional Fund Advisors LP now owns 424,856 shares of the company’s stock worth $16,223,000 after buying an additional 99,933 shares in the last quarter. 87.67% of the stock is currently owned by institutional investors and hedge funds.

Anterix Price Performance

Shares of Anterix stock opened at $91.81 on Friday. Anterix Inc. has a 52-week low of $17.58 and a 52-week high of $113.00. The company’s fifty day moving average price is $83.59 and its two-hundred day moving average price is $64.77.

Anterix (NASDAQ:ATEX) last released its quarterly earnings data on Tuesday, August 11th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.44. The company had revenue of $1.96 million during the quarter, compared to the consensus estimate of $2.00 million. Anterix had a net margin of 933.03% and a negative return on equity of 10.65%. As a group, research analysts anticipate that Anterix Inc. will post -2.00 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ATEX shares. Weiss Ratings lowered Anterix from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday. Clear Str upgraded Anterix to a “strong-buy” rating in a research report on Monday, July 27th. Wall Street Zen downgraded Anterix from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. DA Davidson set a $161.00 price objective on Anterix in a report on Friday, August 21st. Finally, JPMorgan Chase & Co. lowered their price objective on Anterix from $133.00 to $130.00 and set an “overweight” rating on the stock in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $120.00.

Insiders Place Their Bets

In related news, insider Gena Ashe sold 4,357 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $85.44, for a total value of $372,262.08. Following the sale, the insider owned 5,174 shares of the company’s stock, valued at $442,066.56. The trade was a 45.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CMO Heather Martin sold 8,064 shares of the stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $84.20, for a total transaction of $678,988.80. Following the completion of the transaction, the chief marketing officer directly owned 26,743 shares of the company’s stock, valued at $2,251,760.60. This trade represents a 23.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 124,841 shares of company stock valued at $10,975,765 over the last 90 days. Company insiders own 40.05% of the company’s stock.

Anterix Company Profile

Anterix Inc (NASDAQ: ATEX) develops and provides private wireless broadband solutions for critical infrastructure industries. The company’s primary focus is enabling electric, gas, water and other utilities to deploy secure, resilient communications networks that support operational technology, grid modernization and other mission-critical applications.

Anterix primarily uses its licensed 900 MHz spectrum holdings to support private broadband networks. Its offerings include spectrum access and related wireless communications solutions designed to help utilities connect field equipment, sensors, control systems and mobile workforces.