Anterix Inc (NASDAQ:ATEX) Major Shareholder Buys $713,830.00 in Stock

Anterix Inc (NASDAQ:ATEX) major shareholder Owl Creek Asset Management, L. bought 17,000 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were purchased at an average cost of $41.99 per share, with a total value of $713,830.00. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Tuesday, August 6th, Owl Creek Asset Management, L. bought 76,681 shares of Anterix stock. The shares were purchased 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. bought 96,861 shares of Anterix stock. The shares were purchased 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. bought 41,300 shares of Anterix stock. The shares were purchased 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. bought 83,171 shares of Anterix stock. The shares were purchased 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. bought 401,830 shares of Anterix stock. The shares were purchased 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. bought 428,486 shares of Anterix stock. The shares were purchased at an average cost of $44.92 per share, with a total value of $19,247,591.12.

Shares of ATEX stock traded down $0.64 during trading hours on Thursday, hitting $42.27. 2,130 shares of the company were exchanged. The firm has a market cap of $643.91 million, a P/E ratio of -14.61 and a beta of 0.22. Anterix Inc has a fifty-two week low of $27.65 and a fifty-two week high of $51.33. The company has a debt-to-equity ratio of 0.05, a quick ratio of 8.51 and a current ratio of 8.51. The company has a 50 day simple moving average of $44.11 and a two-hundred day simple moving average of $42.55.

Anterix (NASDAQ:ATEX) last announced its quarterly earnings data on Monday, May 20th. The company reported ($0.65) EPS for the quarter, missing the consensus estimate of ($0.63) by ($0.02). The company had revenue of $1.30 million for the quarter, compared to analyst estimates of $1.15 million. Anterix had a negative return on equity of 19.16% and a negative net margin of 769.30%. As a group, sell-side analysts expect that Anterix Inc will post -2.59 EPS for the current fiscal year.

A number of analysts have weighed in on the stock. B. Riley set a $59.00 target price on shares of Anterix and gave the company a “buy” rating in a research report on Friday, August 16th. Craig Hallum increased their target price on shares of Anterix from $62.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, May 24th. Zacks Investment Research raised shares of Anterix from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research report on Friday, May 31st. Evercore ISI assumed coverage on shares of Anterix in a research report on Friday, August 9th. They set an “outperform” rating and a $61.00 target price for the company. Finally, ValuEngine downgraded shares of Anterix from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 1st. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $64.00.

Several hedge funds have recently made changes to their positions in the company. Legal & General Group Plc grew its position in shares of Anterix by 45.3% during the 4th quarter. Legal & General Group Plc now owns 1,885 shares of the company’s stock worth $70,000 after buying an additional 588 shares during the period. Bank of Montreal Can grew its position in shares of Anterix by 293.8% during the 2nd quarter. Bank of Montreal Can now owns 1,020 shares of the company’s stock worth $48,000 after buying an additional 761 shares during the period. BNP Paribas Arbitrage SA grew its position in shares of Anterix by 426.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,980 shares of the company’s stock worth $70,000 after buying an additional 1,604 shares during the period. NJ State Employees Deferred Compensation Plan grew its position in shares of Anterix by 20.0% during the 1st quarter. NJ State Employees Deferred Compensation Plan now owns 12,000 shares of the company’s stock worth $422,000 after buying an additional 2,000 shares during the period. Finally, C M Bidwell & Associates Ltd. acquired a new stake in shares of Anterix during the 2nd quarter worth approximately $111,000. 89.66% of the stock is owned by institutional investors.

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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