AYAL Capital Advisors Ltd Boosts Stock Holdings in Anterix Inc. $ATEX

AYAL Capital Advisors Ltd raised its holdings in shares of Anterix Inc. (NASDAQ:ATEX) by 26.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 265,000 shares of the company’s stock after buying an additional 56,029 shares during the period. Anterix comprises approximately 2.0% of AYAL Capital Advisors Ltd’s portfolio, making the stock its 11th largest position. AYAL Capital Advisors Ltd owned about 1.41% of Anterix worth $5,785,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its holdings in Anterix by 299.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,645 shares of the company’s stock valued at $42,000 after buying an additional 1,233 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Anterix by 119.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,404 shares of the company’s stock valued at $62,000 after buying an additional 1,308 shares during the last quarter. Quantbot Technologies LP bought a new stake in Anterix during the 3rd quarter valued at $57,000. Virtus Advisers LLC bought a new stake in Anterix during the 3rd quarter valued at $75,000. Finally, Russell Investments Group Ltd. raised its holdings in Anterix by 12.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 5,760 shares of the company’s stock valued at $148,000 after buying an additional 637 shares during the last quarter. 87.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ATEX has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of Anterix from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, April 21st. B. Riley Financial downgraded shares of Anterix from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $44.00 to $69.00 in a research report on Thursday, June 4th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $59.50.

Insiders Place Their Bets

In other news, insider Christopher Guttman-Mccabe sold 91,437 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $82.46, for a total transaction of $7,539,895.02. Following the completion of the sale, the insider 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mark Fleischhauer sold 3,500 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $79.83, for a total transaction of $279,405.00. Following the sale, the director directly owned 12,769 shares of the company’s stock, valued at $1,019,349.27. The trade was a 21.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 119,648 shares of company stock worth $9,819,381 in the last 90 days. Corporate insiders own 45.61% of the company’s stock.

Anterix Price Performance

Shares of Anterix stock opened at $79.16 on Thursday. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 16.36 and a beta of 0.95. The firm’s 50-day moving average is $56.03 and its 200 day moving average is $38.64. Anterix Inc. has a 1 year low of $17.58 and a 1 year high of $88.12.

About Anterix

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.