Virtu Financial LLC Sells 8,339 Shares of Anterix Inc. (NASDAQ:ATEX)

Virtu Financial LLC cut its position in shares of Anterix Inc. (NASDAQ:ATEX) by 54.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,925 shares of the company’s stock after selling 8,339 shares during the period. Virtu Financial LLC’s holdings in Anterix were worth $261,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new position in shares of Anterix during the second quarter valued at $28,000. nVerses Capital LLC purchased a new position in Anterix during the 3rd quarter valued at about $45,000. Meeder Asset Management Inc. bought a new stake in shares of Anterix in the 3rd quarter valued at about $58,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Anterix in the 2nd quarter worth approximately $92,000. Finally, Point72 DIFC Ltd boosted its stake in shares of Anterix by 440.8% during the third quarter. Point72 DIFC Ltd now owns 2,639 shares of the company’s stock valued at $99,000 after purchasing an additional 2,151 shares in the last quarter. 87.67% of the stock is currently owned by hedge funds and other institutional investors.

Anterix Stock Performance

Shares of Anterix stock opened at $31.90 on Wednesday. The company has a market capitalization of $593.91 million, a PE ratio of -15.79 and a beta of 0.85. The company has a 50-day simple moving average of $33.45 and a two-hundred day simple moving average of $35.71. Anterix Inc. has a one year low of $29.12 and a one year high of $42.41.

Insider Transactions at Anterix

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

Wall Street Analyst Weigh In

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

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.