Anterix Inc. $ATEX Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC grew its stake in Anterix Inc. (NASDAQ:ATEX) by 8.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 383,557 shares of the company’s stock after purchasing an additional 30,575 shares during the period. Geode Capital Management LLC’s holdings in Anterix were worth $9,840,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Scoggin Management LP purchased a new position in Anterix in the 1st quarter valued at $10,980,000. Nuveen LLC acquired a new stake in shares of Anterix in the 1st quarter worth $7,204,000. Roubaix Capital LLC purchased a new stake in shares of Anterix in the first quarter valued at about $5,918,000. AYAL Capital Advisors Ltd acquired a new position in shares of Anterix during the first quarter worth about $3,611,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in Anterix during the second quarter worth about $1,588,000. Hedge funds and other institutional investors own 87.67% of the company’s stock.

Insider Buying and Selling at Anterix

In other news, CEO Scott A. Lang purchased 4,650 shares of the company’s stock in a transaction dated Thursday, September 18th. The stock was acquired at an average price of $21.28 per share, for a total transaction of $98,952.00. Following the completion of the transaction, the chief executive officer directly owned 4,650 shares in the company, valued at $98,952. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, insider Gena L. Ashe sold 6,564 shares of Anterix stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $21.07, for a total value of $138,303.48. Following the transaction, the insider directly owned 13,366 shares of the company’s stock, valued at $281,621.62. This trade represents a 32.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 45.61% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ATEX. Wall Street Zen lowered Anterix from a “hold” rating to a “sell” rating in a report on Saturday, August 16th. Weiss Ratings restated a “sell (d+)” rating on shares of Anterix in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. dropped their price objective on Anterix from $67.00 to $50.00 and set an “overweight” rating on the stock in a report on Friday, October 17th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $50.00.

Anterix Trading Up 0.1%

ATEX stock opened at $20.10 on Thursday. The firm has a 50 day moving average of $20.49 and a 200-day moving average of $22.87. The company has a market cap of $376.21 million, a price-to-earnings ratio of 3.93 and a beta of 0.92. Anterix Inc. has a 12-month low of $17.58 and a 12-month high of $42.91.

Anterix (NASDAQ:ATEX) last released its quarterly earnings data on Wednesday, November 12th. The company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.65) by $0.51. The firm had revenue of $1.55 million during the quarter, compared to the consensus estimate of $1.43 million. Anterix had a negative return on equity of 14.95% and a net margin of 1,614.08%. Sell-side analysts forecast that Anterix Inc. will post -1.53 earnings per share for the current fiscal year.

Anterix 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.