Anterix Inc. (NASDAQ:ATEX – Get Rating) Chairman Morgan E. Obrien sold 25,000 shares of the firm’s stock in a transaction on Wednesday, June 15th. The shares were sold at an average price of $40.03, for a total transaction of $1,000,750.00. Following the completion of the transaction, the chairman now directly owns 34,313 shares of the company’s stock, valued at approximately $1,373,549.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Anterix stock opened at $38.68 on Friday. Anterix Inc. has a 1-year low of $37.70 and a 1-year high of $66.55. The company has a fifty day simple moving average of $49.25 and a 200 day simple moving average of $53.61.
A number of institutional investors have recently added to or reduced their stakes in the stock. Morgan Stanley grew its position in Anterix by 6.1% in the second quarter. Morgan Stanley now owns 1,403,221 shares of the company’s stock valued at $84,179,000 after purchasing an additional 80,091 shares in the last quarter. BlackRock Inc. grew its position in Anterix by 8.9% in the fourth quarter. BlackRock Inc. now owns 914,926 shares of the company’s stock valued at $53,761,000 after purchasing an additional 74,613 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Anterix by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 723,286 shares of the company’s stock valued at $41,879,000 after acquiring an additional 7,958 shares during the period. Stonehill Capital Management LLC grew its position in shares of Anterix by 59.2% in the 4th quarter. Stonehill Capital Management LLC now owns 560,317 shares of the company’s stock valued at $32,924,000 after acquiring an additional 208,373 shares during the period. Finally, QVT Financial LP grew its position in shares of Anterix by 2.3% in the 1st quarter. QVT Financial LP now owns 446,666 shares of the company’s stock valued at $25,862,000 after acquiring an additional 10,000 shares during the period. 82.68% of the stock is owned by institutional investors and hedge funds.
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, technologies, and solutions. It holds licensed spectrum in the 900 MHz band with nationwide coverage throughout the United States, Alaska, Hawaii, and Puerto Rico.
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