Anterix (ATEX)
Commercializes 900 MHz spectrum for utility private broadband networks.
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Sells and leases licensed 900 MHz spectrum rights for utility private broadband networks, with TowerX and CatalyX helping customers deploy and manage connectivity. The business is US-focused, reported as a single segment, and shaped by FCC license conversion, spectrum clearing, and long-cycle utility agreements.
Commercializes licensed 900 MHz spectrum for utilities and other critical infrastructure customers building private broadband networks. The offering centers on spectrum sales and leases, with TowerX adding tower-access support and CatalyX handling device activation and connectivity management.
Coverage is concentrated in the United States, including national territory rather than international markets. Revenue is reported in a single operating segment, and customer activity is tied to large utility deployments rather than consumer wireless subscriptions.
Execution depends on converting and clearing spectrum under FCC rules, securing broadband licenses county by county, and reaching agreements with utilities whose network projects run on long timelines.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 21, 2026 | D.A. Davidson | Target | Target: — | Target: $161 |
| Jun 4, 2026 | B.Riley Financial | Target | Target: — | Target: $69 |
| Jun 4, 2026 | B. Riley Securities | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $116.0M · Total debt $4.1M · Total assets $497.9M · Shareholders' equity $285.8M
- Revenue
- $2.0M
- Operating income
- −$246.0K
- Net income
- $240.0K
No dividends on record.
| Institutions | ≈ 98.74% | 19.36M shares | |
|---|---|---|---|
| 191 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 42.91% | 8.41M shares | |
| 16 holders · as of Sep 11, 2026 | |||
| Strategic holders | 5.93% | 1.16M shares | |
| 2 holders · as of Apr 10, 2023 | |||
| Adds to | 147.58% | ||
19.61M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 147.58%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Jeffrey A. Altman1Insiderdirector, 10 percent owner | 28.32% | 5.55M | filed Aug 6, 2026 |
Owl Creek Asset Management, L.P.Institution | 27.60% | 5.41M | as of Jun 30, 2026 |
T. Rowe Price Investment Management, Inc.Institution | 11.97% | 2.35M | as of Jun 30, 2026 |
Heard Capital LLCInstitution | 8.75% | 1.72M | as of Jun 30, 2026 |
William HeardInsiderdirector | 8.54% | 1.67M | filed Aug 20, 2026 |
- Jeffrey A. Altman's transaction reports restate only vehicles that traded; the 2026 ownership statement (5.55M) plus the 1.6K net shares acquired since is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 10, 2026 | Leslie B. Daniels | director | −2,500 | $83.83 |
| Sep 10, 2026 | Heather Martin | officer, other: Chief Marketing Officer | −8,064 | $84.20 |
| Sep 4, 2026 | Leslie B. Daniels | director | −4,100 | $87.07 |
| Sep 3, 2026 | Leslie B. Daniels | director | −6,000 | $87.15 |
| Sep 8, 2026 | Gena L. Ashe | officer: Chief Legal Officer & Corp Sec | −4,357 | $85.44 |
