Teton Advisors Inc. Decreases Stock Holdings in Anterix Inc. (NASDAQ:ATEX)

Teton Advisors Inc. trimmed its position in Anterix Inc. (NASDAQ:ATEX) by 15.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,000 shares of the company’s stock after selling 10,000 shares during the quarter. Teton Advisors Inc. owned 0.28% of Anterix worth $1,766,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in ATEX. CenterBook Partners LP increased its position in Anterix by 78.1% during the 3rd quarter. CenterBook Partners LP now owns 36,869 shares of the company’s stock valued at $1,157,000 after purchasing an additional 16,170 shares during the period. Kirr Marbach & Co. LLC IN boosted its holdings in shares of Anterix by 54.2% during the 4th quarter. Kirr Marbach & Co. LLC IN now owns 97,985 shares of the company’s stock valued at $3,265,000 after buying an additional 34,425 shares in the last quarter. Gamco Investors INC. ET AL boosted its holdings in shares of Anterix by 18.4% during the 3rd quarter. Gamco Investors INC. ET AL now owns 68,100 shares of the company’s stock valued at $2,137,000 after buying an additional 10,600 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Anterix during the 3rd quarter valued at $687,000. Finally, Trexquant Investment LP bought a new stake in shares of Anterix during the 3rd quarter valued at $1,000,000. 87.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ATEX shares. TheStreet upgraded shares of Anterix from a “d+” rating to a “c-” rating in a report on Wednesday, February 28th. B. Riley restated a “buy” rating and set a $75.00 target price on shares of Anterix in a report on Friday, February 16th.

Anterix Price Performance

Anterix stock traded down $0.72 during mid-day trading on Tuesday, reaching $31.52. The stock had a trading volume of 154,587 shares, compared to its average volume of 111,372. The company has a market capitalization of $583.75 million, a price-to-earnings ratio of 37.52 and a beta of 0.68. The company has a 50-day moving average price of $34.38 and a two-hundred day moving average price of $32.97. Anterix Inc. has a one year low of $27.20 and a one year high of $40.45.

Anterix (NASDAQ:ATEX) last announced its quarterly earnings results on Wednesday, February 14th. The company reported ($0.55) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.61) by $0.06. The company had revenue of $1.27 million for the quarter, compared to analysts’ expectations of $1.20 million. Anterix had a net margin of 447.16% and a negative return on equity of 17.22%. On average, equities research analysts anticipate that Anterix Inc. will post -0.23 earnings per share for the current fiscal year.

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.