Insider Buying: Anterix Inc (NASDAQ:ATEX) Major Shareholder Purchases 49,715 Shares of Stock

Anterix Inc (NASDAQ:ATEX) major shareholder Owl Creek Asset Management, L. acquired 49,715 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was acquired at an average cost of $39.41 per share, with a total value of $1,959,268.15. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Owl Creek Asset Management, L. also recently made the following trade(s):

  • On Thursday, September 12th, Owl Creek Asset Management, L. acquired 76,883 shares of Anterix stock. The stock was acquired at an average cost of $39.25 per share, with a total value of $3,017,657.75.
  • On Tuesday, August 20th, Owl Creek Asset Management, L. acquired 17,000 shares of Anterix stock. The stock was acquired at an average cost of $41.99 per share, with a total value of $713,830.00.
  • On Tuesday, August 6th, Owl Creek Asset Management, L. acquired 76,681 shares of Anterix stock. The stock was acquired at an average cost of $43.65 per share, with a total value of $3,347,125.65.
  • On Thursday, August 1st, Owl Creek Asset Management, L. acquired 96,861 shares of Anterix stock. The stock was acquired at an average cost of $44.47 per share, with a total value of $4,307,408.67.
  • On Monday, July 29th, Owl Creek Asset Management, L. acquired 41,300 shares of Anterix stock. The stock was acquired at an average cost of $44.90 per share, with a total value of $1,854,370.00.
  • On Wednesday, July 24th, Owl Creek Asset Management, L. acquired 83,171 shares of Anterix stock. The stock was acquired at an average cost of $44.20 per share, with a total value of $3,676,158.20.
  • On Wednesday, July 17th, Owl Creek Asset Management, L. acquired 401,830 shares of Anterix stock. The stock was acquired at an average cost of $44.99 per share, with a total value of $18,078,331.70.
  • On Friday, July 19th, Owl Creek Asset Management, L. acquired 428,486 shares of Anterix stock. The stock was acquired at an average cost of $44.92 per share, with a total value of $19,247,591.12.

ATEX stock traded down $0.14 during mid-day trading on Thursday, reaching $39.66. The company had a trading volume of 180 shares. The company has a debt-to-equity ratio of 0.05, a quick ratio of 8.51 and a current ratio of 8.51. Anterix Inc has a one year low of $29.60 and a one year high of $51.33. The stock’s 50-day simple moving average is $41.42 and its two-hundred day simple moving average is $42.60.

Anterix (NASDAQ:ATEX) last posted its earnings results on Thursday, August 8th. The company reported ($0.63) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.66) by $0.03. The company had revenue of $0.45 million for the quarter, compared to analysts’ expectations of $0.79 million. Anterix had a negative return on equity of 19.16% and a negative net margin of 769.30%. On average, research analysts predict that Anterix Inc will post -2.59 EPS for the current year.

A number of hedge funds have recently bought and sold shares of the business. Bank of Montreal Can lifted its stake in Anterix by 293.8% in the second quarter. Bank of Montreal Can now owns 1,020 shares of the company’s stock valued at $48,000 after buying an additional 761 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Anterix by 426.6% during the first quarter. BNP Paribas Arbitrage SA now owns 1,980 shares of the company’s stock valued at $70,000 after purchasing an additional 1,604 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new stake in shares of Anterix during the second quarter valued at about $111,000. Gilder Gagnon Howe & Co. LLC raised its stake in shares of Anterix by 51.0% during the first quarter. Gilder Gagnon Howe & Co. LLC now owns 8,865 shares of the company’s stock valued at $312,000 after purchasing an additional 2,993 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Anterix by 72.3% during the fourth quarter. Bank of America Corp DE now owns 7,209 shares of the company’s stock valued at $269,000 after purchasing an additional 3,025 shares in the last quarter. Institutional investors own 90.43% of the company’s stock.

A number of equities analysts have commented on ATEX shares. B. Riley set a $59.00 price objective on shares of Anterix and gave the stock a “buy” rating in a report on Friday, August 16th. Craig Hallum lifted their price objective on shares of Anterix from $62.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, May 24th. Zacks Investment Research downgraded shares of Anterix from a “buy” rating to a “sell” rating in a report on Tuesday. BidaskClub raised shares of Anterix from a “buy” rating to a “strong-buy” rating in a report on Friday, May 24th. Finally, Evercore ISI initiated coverage on shares of Anterix in a report on Friday, August 9th. They issued an “outperform” rating and a $61.00 price objective for the company. One analyst has rated the stock with a sell rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $64.00.

About Anterix

Anterix Inc operates as a wireless communications company. The company focuses on enabling private broadband connectivity for critical infrastructure and enterprise businesses. It holds licensed spectrum in the 900 MHz band with nationwide coverage throughout the United States, Hawaii, Alaska, and Puerto Rico.

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