Anterix (NASDAQ:ATEX) Shares Gap Up to $31.02

Anterix Inc. (NASDAQ:ATEX)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $31.02, but opened at $34.00. Anterix shares last traded at $36.90, with a volume of 73,562 shares.

Anterix Trading Up 9.1 %

The business’s 50-day simple moving average is $32.29 and its 200 day simple moving average is $33.11.

Anterix (NASDAQ:ATEX) last announced its quarterly earnings results on Wednesday, June 26th. The company reported ($0.51) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.27). Anterix had a negative return on equity of 18.84% and a negative net margin of 217.80%. The business had revenue of $1.26 million during the quarter, compared to analysts’ expectations of $1.52 million. As a group, equities research analysts expect that Anterix Inc. will post -2.01 earnings per share for the current fiscal year.

Insider Transactions at Anterix

In other news, CFO Timothy Gray sold 16,667 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $31.91, for a total value of $531,843.97. Following the completion of the sale, the chief financial officer now owns 90,475 shares of the company’s stock, valued at approximately $2,887,057.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 31.71% of the company’s stock.

Institutional Investors Weigh In On Anterix

Hedge funds have recently modified their holdings of the business. Motco purchased a new stake in Anterix during the first quarter valued at approximately $44,000. Los Angeles Capital Management LLC purchased a new stake in Anterix during the first quarter valued at approximately $302,000. Tower Research Capital LLC TRC lifted its position in Anterix by 1,843.5% during the third quarter. Tower Research Capital LLC TRC now owns 11,700 shares of the company’s stock valued at $367,000 after acquiring an additional 11,098 shares during the last quarter. Janus Henderson Group PLC purchased a new stake in Anterix during the first quarter valued at approximately $430,000. Finally, GSA Capital Partners LLP purchased a new stake in Anterix during the third quarter valued at approximately $687,000. Hedge funds and other 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.