Anterix Inc. (NASDAQ:ATEX – Get Free Report) hit a new 52-week high on Monday . The company traded as high as $56.50 and last traded at $55.1510, with a volume of 18978 shares changing hands. The stock had previously closed at $55.92.
Analyst Ratings Changes
A number of research analysts recently issued reports on ATEX shares. Zacks Research lowered Anterix from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. Weiss Ratings upgraded Anterix from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $50.00.
View Our Latest Stock Analysis on Anterix
Anterix Stock Performance
Anterix (NASDAQ:ATEX – Get Free Report) last announced its quarterly earnings data on Wednesday, February 11th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.57) by $0.22. The firm had revenue of $1.57 million during the quarter, compared to the consensus estimate of $1.47 million. Anterix had a negative return on equity of 12.26% and a net margin of 1,370.92%. On average, sell-side analysts predict that Anterix Inc. will post -1.53 earnings per share for the current year.
Institutional Investors Weigh In On Anterix
Several hedge funds have recently bought and sold shares of the business. Jefferies Financial Group Inc. acquired a new position in Anterix in the 4th quarter worth about $9,922,000. Millennium Management LLC increased its position in Anterix by 1,153.1% in the 4th quarter. Millennium Management LLC now owns 439,946 shares of the company’s stock worth $9,604,000 after purchasing an additional 404,838 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Anterix by 30.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 424,856 shares of the company’s stock worth $16,223,000 after purchasing an additional 99,933 shares during the last quarter. Gamco Investors INC. ET AL increased its position in Anterix by 32.0% in the 4th quarter. Gamco Investors INC. ET AL now owns 422,470 shares of the company’s stock worth $9,223,000 after purchasing an additional 102,400 shares during the last quarter. Finally, State Street Corp increased its position in Anterix by 5.4% in the 4th quarter. State Street Corp now owns 333,788 shares of the company’s stock worth $7,287,000 after purchasing an additional 17,017 shares during the last quarter. 87.67% of the stock is owned by hedge funds and other institutional investors.
Anterix Company Profile
Anterix, Inc is a specialized telecommunications company focused on delivering private broadband networks for utilities and other critical infrastructure industries. The company owns and operates dedicated 900 MHz spectrum that enables reliable, secure and high-performance wireless communications to support grid modernization, smart metering, distribution automation and other mission-critical applications. By leveraging this spectrum, Anterix helps electric, water and gas utilities deploy advanced communications capabilities to enhance operational efficiency and resiliency.
At the core of Anterix’s offering is its licensed 900 MHz spectrum, which provides superior propagation characteristics compared with unlicensed options and allows for cost-effective coverage over expansive service territories.
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