Anterix Inc. (NASDAQ:ATEX) Director Purchases $119,665.00 in Stock

Anterix Inc. (NASDAQ:ATEX) Director Mark Fleischhauer purchased 3,500 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were purchased at an average cost of $34.19 per share, for a total transaction of $119,665.00. Following the completion of the purchase, the director now directly owns 3,500 shares of the company’s stock, valued at approximately $119,665. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Anterix Trading Down 0.9 %

Shares of ATEX opened at $33.76 on Wednesday. The company has a market capitalization of $628.54 million, a PE ratio of -16.71 and a beta of 0.85. The stock’s 50-day moving average price is $33.62 and its two-hundred day moving average price is $35.69. Anterix Inc. has a 12 month low of $29.12 and a 12 month high of $42.41.

Hedge Funds Weigh In On Anterix

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC raised its holdings in Anterix by 76.4% during the 3rd quarter. FMR LLC now owns 250,955 shares of the company’s stock worth $9,451,000 after purchasing an additional 108,683 shares during the last quarter. Gabelli Funds LLC increased its position in shares of Anterix by 4.7% during the second quarter. Gabelli Funds LLC now owns 140,422 shares of the company’s stock worth $5,559,000 after buying an additional 6,322 shares during the period. Jane Street Group LLC raised its stake in Anterix by 78.2% during the third quarter. Jane Street Group LLC now owns 128,892 shares of the company’s stock worth $4,854,000 after buying an additional 56,559 shares during the last quarter. Marshall Wace LLP lifted its holdings in Anterix by 250.2% in the second quarter. Marshall Wace LLP now owns 58,652 shares of the company’s stock valued at $2,322,000 after buying an additional 41,905 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Anterix by 8.0% during the second quarter. Bank of New York Mellon Corp now owns 50,605 shares of the company’s stock valued at $2,003,000 after acquiring an additional 3,752 shares during the last quarter. 87.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Craig Hallum upgraded shares of Anterix to a “strong-buy” rating in a research report on Wednesday, October 9th.

About Anterix

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.