Anterix (NASDAQ:ATEX) Shares Gap Up – Still a Buy?

Anterix Inc. (NASDAQ:ATEX) gapped up before the market opened on Tuesday . The stock had previously closed at $28.52, but opened at $35.50. Anterix shares last traded at $36.14, with a volume of 278,681 shares traded.

Anterix Price Performance

The firm’s fifty day moving average price is $30.64 and its 200-day moving average price is $33.93.

Insiders Place Their Bets

In other Anterix news, Director Leslie B. Daniels purchased 2,000 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $65,500. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark Fleischhauer acquired 3,500 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was bought at an average price of $34.19 per share, with a total value of $119,665.00. Following the acquisition, 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 disclosure for this purchase can be found here. Corporate insiders own 45.61% of the company’s stock.

Institutional Trading of Anterix

Institutional investors and hedge funds have recently bought and sold shares of the stock. Woodmont Investment Counsel LLC lifted its holdings in Anterix by 2.4% during the 3rd quarter. Woodmont Investment Counsel LLC now owns 34,545 shares of the company’s stock valued at $1,301,000 after purchasing an additional 800 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Anterix by 156.7% in the fourth quarter. Russell Investments Group Ltd. now owns 1,797 shares of the company’s stock valued at $55,000 after purchasing an additional 1,097 shares during the period. Y Intercept Hong Kong Ltd lifted its stake in shares of Anterix by 14.6% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 8,742 shares of the company’s stock worth $329,000 after buying an additional 1,112 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Anterix by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 134,400 shares of the company’s stock worth $4,122,000 after buying an additional 1,183 shares during the period. Finally, nVerses Capital LLC bought a new stake in shares of Anterix during the 3rd quarter worth about $45,000. Institutional investors own 87.67% of the company’s stock.

Anterix Company Profile

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.