Leslie B. Daniels Acquires 2,000 Shares of Anterix Inc. (NASDAQ:ATEX) Stock

Anterix Inc. (NASDAQ:ATEX) Director Leslie B. Daniels bought 2,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were acquired at an average cost of $32.75 per share, for a total transaction of $65,500.00. Following the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $65,500. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Anterix Stock Performance

NASDAQ ATEX traded up $0.49 during trading hours on Friday, reaching $33.72. The stock had a trading volume of 107,873 shares, compared to its average volume of 153,084. Anterix Inc. has a 52-week low of $29.12 and a 52-week high of $42.41. The stock has a market cap of $627.80 million, a P/E ratio of -16.69 and a beta of 0.85. The stock has a fifty day moving average of $34.79 and a 200 day moving average of $35.50.

Institutional Trading of Anterix

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC grew its holdings in Anterix by 76.4% during the third 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. Jane Street Group LLC increased its holdings in shares of 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 in the last quarter. Marshall Wace LLP boosted its holdings in Anterix by 250.2% during the second quarter. Marshall Wace LLP now owns 58,652 shares of the company’s stock worth $2,322,000 after buying an additional 41,905 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Anterix during the second quarter valued at $1,520,000. Finally, Renaissance Technologies LLC purchased a new position in Anterix in the second quarter valued at $1,334,000. Institutional investors and hedge funds own 87.67% of the company’s stock.

Wall Street Analysts Forecast Growth

ATEX has been the subject of a number of recent research reports. Craig Hallum upgraded shares of Anterix to a “strong-buy” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. upped their price target on Anterix from $60.00 to $61.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th.

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.