Anterix Inc. (NASDAQ:ATEX) CEO Purchases $74,900.00 in Stock

Anterix Inc. (NASDAQ:ATEX – Get Rating) CEO Robert Harris Schwartz bought 2,500 shares of the business’s stock in a transaction on Thursday, March 9th. The stock was purchased at an average price of $29.96 per share, for a total transaction of $74,900.00. Following the purchase, the chief executive officer now directly owns 101,373 shares in the company, valued at approximately $3,037,135.08. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

Anterix Stock Up 3.7 %

NASDAQ:ATEX opened at $30.39 on Tuesday. The firm has a market capitalization of $573.43 million, a price-to-earnings ratio of -13.27 and a beta of 0.64. Anterix Inc. has a twelve month low of $28.22 and a twelve month high of $60.07. The stock’s 50 day moving average price is $33.58 and its two-hundred day moving average price is $34.71.

Analyst Ratings Changes

Separately, Morgan Stanley cut their target price on Anterix from $63.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Friday, February 24th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Great West Life Assurance Co. Can acquired a new position in shares of Anterix during the 3rd quarter worth approximately $30,000. Metropolitan Life Insurance Co NY increased its position in shares of Anterix by 40.3% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 1,115 shares of the company’s stock worth $40,000 after purchasing an additional 320 shares during the last quarter. Lazard Asset Management LLC acquired a new position in shares of Anterix during the 1st quarter worth approximately $110,000. Amalgamated Bank increased its holdings in shares of Anterix by 57.5% during the 3rd quarter. Amalgamated Bank now owns 2,548 shares of the company’s stock worth $91,000 after acquiring an additional 930 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC acquired a new position in shares of Anterix during the 3rd quarter worth approximately $116,000. Institutional investors and hedge funds own 83.53% of the company’s stock.

About Anterix

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Anterix, Inc operates as a wireless communications company. The firm focuses on commercializing spectrum assets to enable targeted utility and critical infrastructure customers to deploy private broadband networks, technologies and solutions. It’s solutions include Private LTE and Active Ecosystem. The company was founded by Peter Joel Lasensky and Richard Edward Rohmann in 1997 and is headquartered in Woodland Park, NJ.