A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ATEX. Renaissance Technologies LLC bought a new position in shares of Anterix in the second quarter worth approximately $1,334,000. Gamco Investors INC. ET AL raised its stake in shares of Anterix by 24.2% in the first quarter. Gamco Investors INC. ET AL now owns 93,295 shares of the company’s stock valued at $3,136,000 after acquiring an additional 18,195 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Anterix by 8.0% in the second quarter. Bank of New York Mellon Corp now owns 50,605 shares of the company’s stock valued at $2,003,000 after acquiring an additional 3,752 shares during the period. Woodmont Investment Counsel LLC raised its stake in shares of Anterix by 4.2% in the first quarter. Woodmont Investment Counsel LLC now owns 32,248 shares of the company’s stock valued at $1,084,000 after acquiring an additional 1,314 shares during the period. Finally, Vanguard Group Inc. increased its stake in Anterix by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 876,015 shares of the company’s stock worth $29,443,000 after buying an additional 8,020 shares during the period. 87.67% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
ATEX has been the topic of several recent analyst reports. Craig Hallum raised shares of Anterix to a “strong-buy” rating in a research note on Wednesday. JPMorgan Chase & Co. raised their price target on shares of Anterix from $60.00 to $61.00 and gave the company an “overweight” rating in a report on Thursday, August 8th.
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Anterix Stock Performance
Anterix stock opened at $31.50 on Friday. The company’s fifty day moving average price is $37.04 and its 200 day moving average price is $35.36. Anterix Inc. has a 1 year low of $28.70 and a 1 year high of $42.41. The stock has a market capitalization of $585.59 million, a P/E ratio of -25.82 and a beta of 0.83.
Anterix (NASDAQ:ATEX – Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.84) earnings per share for the quarter, missing the consensus estimate of ($0.45) by ($0.39). The firm had revenue of $1.53 million for the quarter, compared to analyst estimates of $1.64 million. Anterix had a negative net margin of 441.15% and a negative return on equity of 27.91%. During the same period in the previous year, the firm posted ($0.11) EPS. Sell-side analysts predict that Anterix Inc. will post -2.64 EPS for the current year.
About Anterix
(Free Report)
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.
See Also
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Publish date : 2024-10-12 23:28:00
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