Bank of America Corp DE grew its holdings in shares of Anterix Inc. (NASDAQ:ATEX - Free Report) by 17.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 167,781 shares of the company's stock after acquiring an additional 24,657 shares during the period. Bank of America Corp DE owned 0.90% of Anterix worth $6,408,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in ATEX. GSA Capital Partners LLP boosted its stake in shares of Anterix by 22.3% in the 4th quarter. GSA Capital Partners LLP now owns 72,976 shares of the company's stock worth $1,593,000 after buying an additional 13,324 shares during the last quarter. Kirr Marbach & Co. LLC IN lifted its holdings in Anterix by 13.3% during the first quarter. Kirr Marbach & Co. LLC IN now owns 113,814 shares of the company's stock worth $4,347,000 after acquiring an additional 13,396 shares during the period. Waterfront Wealth Inc. lifted its holdings in Anterix by 23.3% during the first quarter. Waterfront Wealth Inc. now owns 59,955 shares of the company's stock worth $2,290,000 after acquiring an additional 11,328 shares during the period. Dimensional Fund Advisors LP boosted its position in Anterix by 30.8% in the first quarter. Dimensional Fund Advisors LP now owns 424,856 shares of the company's stock worth $16,223,000 after purchasing an additional 99,933 shares during the last quarter. Finally, Inspire Investing LLC purchased a new position in Anterix in the first quarter worth $508,000. 87.67% of the stock is owned by institutional investors.
Insider Transactions at Anterix
In related news, Director Mahvash Yazdi sold 7,000 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $80.00, for a total value of $560,000.00. Following the sale, the director owned 19,407 shares in the company, valued at approximately $1,552,560. This trade represents a 26.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Christopher Guttman-Mccabe sold 91,437 shares of Anterix stock in a transaction on Monday, June 15th. The shares were sold at an average price of $82.46, for a total value of $7,539,895.02. Following the sale, the insider directly owned 77,807 shares of the company's stock, valued at $6,415,965.22. This represents a 54.03% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 182,163 shares of company stock valued at $15,375,289. Corporate insiders own 40.05% of the company's stock.
Anterix Trading Up 1.9%
ATEX opened at $94.16 on Thursday. Anterix Inc. has a 12 month low of $17.58 and a 12 month high of $113.00. The company has a market cap of $1.85 billion, a PE ratio of 26.90 and a beta of 0.85. The company has a 50 day moving average of $95.10 and a 200 day moving average of $64.01.
Anterix (NASDAQ:ATEX - Get Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.43) by $0.44. Anterix had a negative return on equity of 10.65% and a net margin of 933.03%.The business had revenue of $1.96 million for the quarter, compared to analysts' expectations of $2.00 million. Research analysts forecast that Anterix Inc. will post -2 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on ATEX shares. DA Davidson set a $161.00 target price on Anterix in a research report on Friday, August 21st. B. Riley Financial downgraded shares of Anterix from a "buy" rating to a "neutral" rating and boosted their price target for the stock from $44.00 to $69.00 in a report on Thursday, June 4th. Wall Street Zen lowered shares of Anterix from a "hold" rating to a "sell" rating in a research report on Saturday, August 15th. Clear Str upgraded shares of Anterix to a "strong-buy" rating in a research note on Monday, July 27th. Finally, Weiss Ratings upgraded shares of Anterix from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $120.00.
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About Anterix
(
Free Report)
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.
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