Insider Buying: Anterix Inc. (NASDAQ:ATEX) Director Purchases 2,000 Shares of Stock

Anterix Inc. (NASDAQ:ATEX) Director Leslie B. Daniels purchased 2,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were bought at an average price of $32.75 per share, with a total value of $65,500.00. Following the purchase, the director now directly owns 2,000 shares in the company, valued at approximately $65,500. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Anterix Trading Up 1.5 %

ATEX opened at $33.72 on Monday. The company’s 50-day moving average price is $34.69 and its two-hundred day moving average price is $35.54. Anterix Inc. has a twelve month low of $29.12 and a twelve month high of $42.41.

Analysts Set New Price Targets

Several analysts have recently issued reports on ATEX shares. JPMorgan Chase & Co. upped their target price on shares of Anterix from $60.00 to $61.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Craig Hallum upgraded shares of Anterix to a “strong-buy” rating in a research note on Wednesday, October 9th.

Hedge Funds Weigh In On Anterix

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Anterix by 0.9% during the first quarter. Vanguard Group Inc. now owns 876,015 shares of the company’s stock worth $29,443,000 after buying an additional 8,020 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in Anterix by 24.2% in the 1st quarter. Gamco Investors INC. ET AL now owns 93,295 shares of the company’s stock worth $3,136,000 after buying an additional 18,195 shares in the last quarter. Janus Henderson Group PLC bought a new position in shares of Anterix in the 1st quarter worth $430,000. SG Americas Securities LLC bought a new stake in shares of Anterix during the 2nd quarter worth $1,520,000. Finally, Bank of New York Mellon Corp grew its position in Anterix by 8.0% in the second quarter. Bank of New York Mellon Corp now owns 50,605 shares of the company’s stock worth $2,003,000 after acquiring an additional 3,752 shares in the last quarter. 87.67% of the stock is 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.