Anterix (NASDAQ:ATEX) Shares Gap Up – Here’s What Happened

Anterix Inc. (NASDAQ:ATEX)’s stock price gapped up prior to trading 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 trading hands.

Anterix Trading Down 0.7 %

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

Insider Buying and Selling

In related news, Director Leslie B. Daniels bought 2,000 shares of Anterix stock in a transaction dated Wednesday, November 20th. The shares were bought at an average cost of $32.75 per share, for a total transaction of $65,500.00. Following the completion of the transaction, the director now owns 2,000 shares of the company’s stock, valued at approximately $65,500. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Mark Fleischhauer acquired 3,500 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now directly owns 3,500 shares in the company, valued at $119,665. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 45.61% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Anterix

Several hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its holdings in Anterix by 156.7% during the 4th quarter. Russell Investments Group Ltd. now owns 1,797 shares of the company’s stock worth $55,000 after purchasing an additional 1,097 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Anterix by 46.3% during the 4th quarter. Wells Fargo & Company MN now owns 5,841 shares of the company’s stock worth $179,000 after buying an additional 1,849 shares during the period. ExodusPoint Capital Management LP bought a new stake in shares of Anterix during the fourth quarter worth approximately $2,405,000. Geode Capital Management LLC lifted its holdings in Anterix by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 358,882 shares of the company’s stock valued at $11,010,000 after buying an additional 3,398 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Anterix by 91.2% in the fourth quarter. JPMorgan Chase & Co. now owns 64,692 shares of the company’s stock valued at $1,984,000 after acquiring an additional 30,860 shares during the last quarter. Institutional investors own 87.67% of the company’s stock.

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.