Mark Fleischhauer Sells 3,500 Shares of Anterix (NASDAQ:ATEX) Stock

Anterix Inc. (NASDAQ:ATEX) Director Mark Fleischhauer sold 3,500 shares of Anterix stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $79.83, for a total transaction of $279,405.00. Following the transaction, the director directly owned 12,769 shares in the company, valued at $1,019,349.27. The trade was a 21.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Anterix Stock Performance

Shares of NASDAQ:ATEX opened at $74.53 on Friday. Anterix Inc. has a 52 week low of $17.58 and a 52 week high of $88.12. The company has a market capitalization of $1.40 billion, a PE ratio of 15.40 and a beta of 0.95. The company has a 50 day moving average price of $56.70 and a two-hundred day moving average price of $39.02.

Analyst Upgrades and Downgrades

ATEX has been the topic of several research analyst reports. B. Riley Financial downgraded Anterix from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $44.00 to $69.00 in a research note on Thursday, June 4th. Weiss Ratings raised Anterix from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $59.50.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Jefferies Financial Group Inc. bought a new stake in Anterix during the 4th quarter worth about $9,922,000. Millennium Management LLC boosted its stake in shares of Anterix by 1,153.1% during the 4th quarter. Millennium Management LLC now owns 439,946 shares of the company’s stock worth $9,604,000 after buying an additional 404,838 shares during the last quarter. Beartown Capital Management LLC bought a new position in shares of Anterix in the 4th quarter valued at about $3,165,000. Gamco Investors INC. ET AL grew its holdings in shares of Anterix by 32.0% in the 4th quarter. Gamco Investors INC. ET AL now owns 422,470 shares of the company’s stock valued at $9,223,000 after acquiring an additional 102,400 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Anterix by 30.8% in the first quarter. Dimensional Fund Advisors LP now owns 424,856 shares of the company’s stock valued at $16,223,000 after acquiring an additional 99,933 shares during the last quarter. Institutional investors own 87.67% of the company’s stock.

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.