Morgan E. Obrien Sells 45,000 Shares of Anterix Inc. (NASDAQ:ATEX) Stock

Anterix Inc. (NASDAQ:ATEX – Get Rating) Chairman Morgan E. Obrien sold 45,000 shares of the stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $30.04, for a total transaction of $1,351,800.00. Following the completion of the transaction, the chairman now directly owns 26,947 shares of the company’s stock, valued at approximately $809,487.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Anterix Price Performance

Anterix stock opened at $30.70 on Friday. The business has a 50 day moving average of $33.44 and a 200-day moving average of $34.57. Anterix Inc. has a 1 year low of $28.22 and a 1 year high of $60.07. The company has a market capitalization of $579.31 million, a P/E ratio of -13.41 and a beta of 0.64.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ATEX. Great West Life Assurance Co. Can acquired a new position in shares of Anterix in the third quarter valued at approximately $30,000. Metropolitan Life Insurance Co NY increased its stake in shares of Anterix by 40.3% in the third quarter. Metropolitan Life Insurance Co NY now owns 1,115 shares of the company’s stock valued at $40,000 after buying an additional 320 shares during the period. Amalgamated Bank increased its stake in shares of Anterix by 57.5% in the third quarter. Amalgamated Bank now owns 2,548 shares of the company’s stock valued at $91,000 after buying an additional 930 shares during the period. Lazard Asset Management LLC increased its stake in shares of Anterix by 93.9% in the fourth quarter. Lazard Asset Management LLC now owns 3,107 shares of the company’s stock valued at $99,000 after buying an additional 1,505 shares during the period. Finally, Thompson Siegel & Walmsley LLC acquired a new position in shares of Anterix in the third quarter valued at approximately $116,000. Institutional investors and hedge funds own 83.53% of the company’s stock.

Analysts Set New Price Targets

Separately, Morgan Stanley dropped their target price on shares of Anterix from $63.00 to $42.00 and set an “equal weight” rating for the company in a report on Friday, February 24th.

Anterix Company Profile

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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.