Anterix Inc (NASDAQ:ATEX) has received an average rating of “Buy” from the six ratings firms that are covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $64.00.
ATEX has been the subject of several recent analyst reports. B. Riley set a $59.00 price objective on shares of Anterix and gave the company a “buy” rating in a research note on Friday, August 16th. Evercore ISI initiated coverage on shares of Anterix in a research note on Friday, August 9th. They set an “outperform” rating and a $61.00 price objective for the company. BidaskClub upgraded shares of Anterix from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 24th. Zacks Investment Research upgraded shares of Anterix from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research report on Friday, May 31st. Finally, Craig Hallum lifted their target price on shares of Anterix from $62.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, May 24th.
NASDAQ:ATEX traded down $0.40 during mid-day trading on Friday, hitting $39.40. 3,503 shares of the stock traded hands. The business’s 50-day moving average price is $42.00 and its 200 day moving average price is $42.58. The company has a market cap of $587.81 million, a PE ratio of -13.75 and a beta of 0.23. Anterix has a 12-month low of $28.95 and a 12-month high of $51.33. The company has a quick ratio of 8.51, a current ratio of 8.51 and a debt-to-equity ratio of 0.05.
Anterix (NASDAQ:ATEX) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.63) EPS for the quarter, beating the consensus estimate of ($0.66) by $0.03. The company had revenue of $0.45 million during the quarter, compared to analysts’ expectations of $0.79 million. Anterix had a negative net margin of 769.30% and a negative return on equity of 19.16%. Analysts anticipate that Anterix will post -2.59 earnings per share for the current fiscal year.
In other Anterix news, major shareholder Stephen Feinberg sold 1,000,000 shares of Anterix stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $43.50, for a total transaction of $43,500,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Owl Creek Asset Management, L. acquired 428,486 shares of the stock in a transaction dated Friday, July 19th. The stock was acquired at an average price of $44.92 per share, with a total value of $19,247,591.12. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 1,145,329 shares of company stock valued at $51,224,815. 6.74% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Invesco Ltd. bought a new stake in shares of Anterix in the 2nd quarter worth approximately $983,000. Lomas Capital Management LLC bought a new stake in shares of Anterix in the 2nd quarter worth approximately $67,174,000. Vanguard Group Inc. bought a new stake in shares of Anterix in the 2nd quarter worth approximately $29,277,000. DLD Asset Management LP bought a new stake in shares of Anterix in the 2nd quarter worth approximately $2,355,000. Finally, A.R.T. Advisors LLC bought a new stake in shares of Anterix in the 2nd quarter worth approximately $311,000. Hedge funds and other institutional investors own 90.43% of the company’s stock.
Anterix Company Profile
Anterix Inc operates as a wireless communications company. The company focuses on enabling private broadband connectivity for critical infrastructure and enterprise businesses. It holds licensed spectrum in the 900 MHz band with nationwide coverage throughout the United States, Hawaii, Alaska, and Puerto Rico.
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