Anterix (NASDAQ:ATEX) Shares Gap Down – What’s Next?

Anterix Inc. (NASDAQ:ATEX)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $30.51, but opened at $29.58. Anterix shares last traded at $30.78, with a volume of 9,587 shares.

Wall Street Analyst Weigh In

Separately, Craig Hallum raised shares of Anterix to a “strong-buy” rating in a report on Wednesday, October 9th.

Anterix Trading Up 0.5 %

The company has a market cap of $571.01 million, a P/E ratio of -15.18 and a beta of 0.85. The company has a 50 day moving average price of $32.98 and a 200-day moving average price of $35.55.

Insiders Place Their Bets

In other news, Director Leslie B. Daniels purchased 2,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was bought at an average cost of $32.75 per share, for a total transaction of $65,500.00. Following the purchase, the director now owns 2,000 shares of the company’s stock, valued at approximately $65,500. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark Fleischhauer acquired 3,500 shares of Anterix stock in a transaction that occurred on Thursday, December 5th. The shares were purchased at an average price of $34.19 per share, for a total transaction of $119,665.00. Following the transaction, the director now directly owns 3,500 shares in the company, valued at $119,665. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 45.61% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC bought a new position in shares of Anterix during the second quarter valued at $28,000. nVerses Capital LLC bought a new position in Anterix during the 3rd quarter worth $45,000. Meeder Asset Management Inc. bought a new stake in shares of Anterix in the 3rd quarter valued at about $58,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Anterix in the second quarter valued at about $92,000. Finally, Point72 DIFC Ltd increased its stake in shares of Anterix by 440.8% in the third quarter. Point72 DIFC Ltd now owns 2,639 shares of the company’s stock valued at $99,000 after buying an additional 2,151 shares during the period. Institutional investors own 87.67% of the company’s stock.

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.