Anterix (NASDAQ:ATEX) Sees Large Volume Increase – What’s Next?

Shares of Anterix Inc. (NASDAQ:ATEX) saw an uptick in trading volume on Friday . 98,216 shares changed hands during trading, an increase of 3% from the previous session’s volume of 95,083 shares.The stock last traded at $28.82 and had previously closed at $27.83.

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 Stock Up 15.6 %

The business has a 50 day moving average of $32.03 and a 200 day moving average of $35.31. The company has a market capitalization of $598.96 million, a P/E ratio of -16.09 and a beta of 0.87.

Insider Activity at Anterix

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

Institutional Trading of Anterix

Large investors have recently made changes to their positions in the company. nVerses Capital LLC acquired a new stake in shares of Anterix during the 3rd quarter worth approximately $45,000. Meeder Asset Management Inc. purchased a new stake in Anterix in the third quarter valued at $58,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Anterix in the 2nd quarter valued at $92,000. Point72 DIFC Ltd grew its holdings in shares of Anterix by 440.8% during the 3rd quarter. Point72 DIFC Ltd now owns 2,639 shares of the company’s stock worth $99,000 after purchasing an additional 2,151 shares during the period. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Anterix during the 2nd quarter worth about $203,000. 87.67% of the stock is currently owned by hedge funds and other institutional investors.

About Anterix

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.