Anterix (NASDAQ:ATEX) Hits New 1-Year Low – Should You Sell?

Anterix Inc. (NASDAQ:ATEX)’s stock price hit a new 52-week low on Tuesday . The company traded as low as $28.95 and last traded at $29.22, with a volume of 34903 shares. The stock had previously closed at $29.66.

Analyst Upgrades and Downgrades

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

Anterix Stock Performance

The stock has a market cap of $536.76 million, a price-to-earnings ratio of -14.27 and a beta of 0.87. The business’s 50 day moving average is $32.80 and its 200 day moving average is $35.59.

Insider Transactions at Anterix

In other news, Director Leslie B. Daniels purchased 2,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was acquired at an average price of $32.75 per share, with a total value of $65,500.00. Following the purchase, the director now owns 2,000 shares in the company, valued at $65,500. 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 the SEC website. Also, Director Mark Fleischhauer acquired 3,500 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was purchased at an average price of $34.19 per share, for a total transaction of $119,665.00. Following the acquisition, the director now directly owns 3,500 shares of the company’s stock, valued at $119,665. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 45.61% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Anterix

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

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.