Anterix (NASDAQ:ATEX) Sets New 12-Month Low – Here’s What Happened

Shares of Anterix Inc. (NASDAQ:ATEX) hit a new 52-week low on Monday . The stock traded as low as $28.20 and last traded at $29.23, with a volume of 13252 shares trading hands. The stock had previously closed at $28.80.

Analyst Ratings Changes

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

Anterix Stock Up 1.3 %

The firm has a 50 day moving average of $32.53 and a 200 day moving average of $35.56. The firm has a market cap of $542.90 million, a price-to-earnings ratio of -14.44 and a beta of 0.87.

Insider Buying and Selling

In other news, Director Leslie B. Daniels acquired 2,000 shares of Anterix stock in a transaction on Wednesday, November 20th. The stock was purchased at an average price of $32.75 per share, with a total value of $65,500.00. Following the completion of the purchase, the director now owns 2,000 shares of the company’s stock, valued at approximately $65,500. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark Fleischhauer acquired 3,500 shares of Anterix stock in a transaction on Thursday, December 5th. The stock was purchased at an average cost of $34.19 per share, with a total value of $119,665.00. Following the purchase, the director now directly owns 3,500 shares of the company’s stock, valued at approximately $119,665. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 45.61% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Anterix

Hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its holdings 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 acquiring an additional 56,559 shares during the period. FMR LLC increased its position in Anterix by 76.4% in the third quarter. FMR LLC now owns 250,955 shares of the company’s stock worth $9,451,000 after buying an additional 108,683 shares during the last quarter. Verition Fund Management LLC increased its position in Anterix by 309.1% in the third quarter. Verition Fund Management LLC now owns 22,199 shares of the company’s stock worth $836,000 after buying an additional 16,773 shares during the last quarter. Barclays PLC increased its position in Anterix by 278.2% in the third quarter. Barclays PLC now owns 16,971 shares of the company’s stock worth $639,000 after buying an additional 12,484 shares during the last quarter. Finally, Quest Partners LLC purchased a new stake in Anterix in the third quarter worth $759,000. Institutional investors and hedge funds own 87.67% of the company’s stock.

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.