Anterix (NASDAQ:ATEX) Sees Strong Trading Volume – Still a Buy?

Anterix Inc. (NASDAQ:ATEX) shares saw unusually-high trading volume on Friday . Approximately 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.

Analyst Ratings Changes

Separately, Craig Hallum raised shares of Anterix to a “strong-buy” rating in a research report on Wednesday, October 9th.

Anterix Stock Up 15.6 %

The business’s 50-day simple moving average is $32.03 and its two-hundred day simple moving average is $35.31. The stock has a market cap of $598.96 million, a P/E ratio of -16.09 and a beta of 0.87.

Insider Transactions at Anterix

In related news, Director Leslie B. Daniels purchased 2,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were purchased at an average cost of $32.75 per share, with a total value of $65,500.00. Following the transaction, the director now directly owns 2,000 shares in the company, valued at $65,500. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark Fleischhauer acquired 3,500 shares of Anterix stock in a transaction that occurred on Thursday, December 5th. The shares were bought at an average cost of $34.19 per share, with a total value of $119,665.00. Following the transaction, the director now owns 3,500 shares in the company, valued at $119,665. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 45.61% of the company’s stock.

Hedge Funds Weigh In On Anterix

A number of hedge funds have recently bought and sold shares of ATEX. FMR LLC boosted its holdings in shares of Anterix by 76.4% during the 3rd quarter. FMR LLC now owns 250,955 shares of the company’s stock valued at $9,451,000 after acquiring an additional 108,683 shares during the last quarter. Jane Street Group LLC raised its holdings in Anterix by 78.2% in the 3rd quarter. Jane Street Group LLC now owns 128,892 shares of the company’s stock worth $4,854,000 after purchasing an additional 56,559 shares during the period. Marshall Wace LLP grew its holdings in Anterix by 250.2% during the second quarter. Marshall Wace LLP now owns 58,652 shares of the company’s stock valued at $2,322,000 after purchasing an additional 41,905 shares during the period. Renaissance Technologies LLC purchased a new stake in Anterix in the second quarter worth about $1,334,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Anterix by 188.2% in the third quarter. JPMorgan Chase & Co. now owns 33,832 shares of the company’s stock worth $1,274,000 after buying an additional 22,092 shares during the period. 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.