Anterix (NASDAQ:ATEX) Shares Gap Up - Here's What Happened

Shares of Anterix Inc. (NASDAQ:ATEX - Get Free Report) 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 changing hands.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. boosted their price objective on shares of Anterix from $61.00 to $67.00 and gave the company an "overweight" rating in a research report on Thursday.

Anterix Trading Up 2.2 %

The stock has a 50 day moving average price of $30.64 and a 200 day moving average price of $33.93. The company has a market capitalization of $771.24 million, a P/E ratio of -20.53 and a beta of 0.87.

Insider Activity at Anterix

In related news, Director Mark Fleischhauer bought 3,500 shares of Anterix stock in a transaction that occurred on Thursday, December 5th. The shares were acquired at an average cost of $34.19 per share, for a total transaction of $119,665.00. Following the completion of the acquisition, the director now directly owns 3,500 shares of the company's stock, valued at approximately $119,665. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Leslie B. Daniels bought 2,000 shares of the stock in a transaction that occurred 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 purchase, the director now directly owns 2,000 shares of the company's stock, valued at $65,500. 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 company insiders.

Institutional Investors Weigh In On Anterix

Large investors have recently bought and sold shares of the stock. Aquatic Capital Management LLC acquired a new position in shares of Anterix during the fourth quarter worth approximately $47,000. Two Sigma Securities LLC raised its stake in shares of Anterix by 5.0% during the 4th quarter. Two Sigma Securities LLC now owns 8,972 shares of the company's stock worth $275,000 after purchasing an additional 426 shares during the period. ClearAlpha Technologies LP purchased a new position in Anterix in the fourth quarter valued at about $201,000. Gamco Investors INC. ET AL lifted its stake in Anterix by 45.7% in the fourth quarter. Gamco Investors INC. ET AL now owns 148,270 shares of the company's stock valued at $4,547,000 after purchasing an additional 46,500 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Anterix during the 4th quarter valued at $412,000. 87.67% of the stock is currently owned by institutional investors and hedge funds.

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.