Anterix (NASDAQ:ATEX) Trading 7.6% Higher – Here’s Why

Anterix Inc. (NASDAQ:ATEX) shares were up 7.6% during mid-day trading on Wednesday . The stock traded as high as $39.50 and last traded at $38.93. Approximately 114,537 shares traded hands during mid-day trading, a decline of 23% from the average daily volume of 148,424 shares. The stock had previously closed at $36.16.

Anterix Stock Up 2.3 %

The company has a market capitalization of $689.03 million, a P/E ratio of -18.34 and a beta of 0.87. The business has a fifty day moving average price of $30.56 and a 200 day moving average price of $33.95.

Insider Buying and Selling at Anterix

In other Anterix news, Director Mark Fleischhauer purchased 3,500 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were purchased at an average cost of $34.19 per share, with a total value of $119,665.00. Following the transaction, the director now directly owns 3,500 shares of the company’s stock, valued at $119,665. This represents a ? increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Leslie B. Daniels acquired 2,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were bought at an average price of $32.75 per share, for a total transaction of $65,500.00. Following the purchase, the director now owns 2,000 shares in the company, valued at approximately $65,500. This represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 45.61% of the company’s stock.

Institutional Investors Weigh In On Anterix

A number of large investors have recently added to or reduced their stakes in ATEX. AQR Capital Management LLC boosted its holdings in shares of Anterix by 17.2% during the 2nd quarter. AQR Capital Management LLC now owns 10,779 shares of the company’s stock worth $427,000 after buying an additional 1,578 shares during the period. The Manufacturers Life Insurance Company acquired a new stake in Anterix during the second quarter worth approximately $203,000. Inspire Investing LLC acquired a new position in shares of Anterix in the third quarter valued at approximately $411,000. nVerses Capital LLC bought a new position in shares of Anterix during the third quarter worth approximately $45,000. Finally, Woodmont Investment Counsel LLC lifted its holdings in Anterix by 2.4% during the 3rd quarter. Woodmont Investment Counsel LLC now owns 34,545 shares of the company’s stock worth $1,301,000 after purchasing an additional 800 shares during the last quarter. Institutional investors own 87.67% of the company’s stock.

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.