Anterix (NASDAQ:ATEX) CEO Buys $98,952.00 in Stock

Key Points

• Scott Lang, CEO of Anterix, purchased 4,650 shares of the company's stock at an average price of $21.28 per share, totaling approximately $98,952.
• Anterix's stock price surged by 7.8% to $23.13, following the stock purchase, with a market capitalization of $433.36 million.
• Research analysts have mixed ratings on Anterix, with one citing a Strong Buy and a new average price target of $67.00, but a recent downgrade from a "hold" to a "sell" rating by Wall Street Zen.

Anterix Inc. (NASDAQ:ATEX - Get Free Report) CEO Scott A. Lang purchased 4,650 shares of the business's stock in a transaction dated Thursday, September 18th. The stock was bought at an average price of $21.28 per share, for a total transaction of $98,952.00. Following the completion of the acquisition, the chief executive officer owned 4,650 shares of the company's stock, valued at approximately $98,952. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Anterix Trading Up 4.1%

Shares of NASDAQ ATEX traded up $0.92 during mid-day trading on Monday, reaching $23.17. The company had a trading volume of 370,551 shares, compared to its average volume of 215,330. The business's 50-day moving average is $22.11 and its 200-day moving average is $27.43. Anterix Inc. has a 52 week low of $20.61 and a 52 week high of $42.91.

Anterix (NASDAQ:ATEX - Get Free Report) last posted its quarterly earnings results on Tuesday, August 12th. The company reported ($0.48) EPS for the quarter, topping analysts' consensus estimates of ($0.54) by $0.06. Anterix had a net margin of 495.14% and a negative return on equity of 23.87%. The firm had revenue of $1.42 million for the quarter, compared to analysts' expectations of $1.51 million. Equities research analysts forecast that Anterix Inc. will post -1.53 earnings per share for the current year.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Anterix from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Strong Buy" and a consensus price target of $67.00.

Institutional Trading of Anterix

A number of institutional investors have recently modified their holdings of ATEX. Northern Trust Corp boosted its holdings in shares of Anterix by 8.5% in the 4th quarter. Northern Trust Corp now owns 133,270 shares of the company's stock valued at $4,087,000 after buying an additional 10,463 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in Anterix in the 4th quarter worth approximately $43,000. Deutsche Bank AG boosted its stake in Anterix by 29.6% in the 4th quarter. Deutsche Bank AG now owns 15,207 shares of the company's stock worth $466,000 after purchasing an additional 3,473 shares in the last quarter. Millennium Management LLC boosted its stake in Anterix by 20.2% in the 4th quarter. Millennium Management LLC now owns 77,330 shares of the company's stock worth $2,372,000 after purchasing an additional 13,017 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in Anterix by 26.4% in the 4th quarter. Nuveen Asset Management LLC now owns 185,573 shares of the company's stock worth $5,692,000 after purchasing an additional 38,770 shares in the last quarter. 87.67% of the stock is currently owned by institutional investors.

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.