Insider Selling: Anterix Inc. (NASDAQ:ATEX) CFO Sells 16,667 Shares of Stock

Anterix Inc. (NASDAQ:ATEX) CFO Timothy Gray sold 16,667 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $31.91, for a total value of $531,843.97. Following the transaction, the chief financial officer now directly owns 90,475 shares in the company, valued at approximately $2,887,057.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Anterix Stock Down 0.6 %

Shares of ATEX stock opened at $31.98 on Friday. The stock’s 50-day moving average price is $33.99 and its 200 day moving average price is $32.95. The stock has a market capitalization of $592.27 million, a PE ratio of 38.07 and a beta of 0.67. Anterix Inc. has a 52-week low of $27.20 and a 52-week high of $40.45.

Anterix (NASDAQ:ATEX) last released its earnings results on Wednesday, February 14th. The company reported ($0.55) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.61) by $0.06. Anterix had a negative return on equity of 17.22% and a net margin of 447.16%. The business had revenue of $1.27 million for the quarter, compared to analyst estimates of $1.20 million. Analysts expect that Anterix Inc. will post -0.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Anterix

A number of large investors have recently bought and sold shares of the company. CenterBook Partners LP increased its stake in shares of Anterix by 78.1% during the third quarter. CenterBook Partners LP now owns 36,869 shares of the company’s stock worth $1,157,000 after acquiring an additional 16,170 shares during the period. Kirr Marbach & Co. LLC IN increased its position in Anterix by 54.2% during the 4th quarter. Kirr Marbach & Co. LLC IN now owns 97,985 shares of the company’s stock worth $3,265,000 after purchasing an additional 34,425 shares during the period. Gamco Investors INC. ET AL raised its stake in shares of Anterix by 18.4% during the 3rd quarter. Gamco Investors INC. ET AL now owns 68,100 shares of the company’s stock worth $2,137,000 after buying an additional 10,600 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Anterix in the 3rd quarter valued at approximately $687,000. Finally, Trexquant Investment LP purchased a new stake in shares of Anterix in the third quarter valued at approximately $1,000,000. Hedge funds and other institutional investors own 87.67% of the company’s stock.

Analyst Ratings Changes

ATEX has been the topic of a number of research reports. TheStreet upgraded Anterix from a “d+” rating to a “c-” rating in a research note on Wednesday, February 28th. B. Riley reaffirmed a “buy” rating and issued a $75.00 target price on shares of Anterix in a report on Friday, February 16th.

Anterix Company Profile

Anterix Inc operates as a wireless communications company. The company focuses on commercializing its spectrum assets to enable the targeted utility and critical infrastructure customers to deploy private broadband networks and innovative broadband solutions. It holds licensed spectrum in the 900 MHz band with coverage throughout the United States, Alaska, Hawaii, and Puerto Rico.