Anterix (NASDAQ:ATEX - Get Free Report) announced its quarterly earnings results on Tuesday. The company reported ($0.48) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.48), Zacks reports. Anterix had a negative net margin of 188.56% and a negative return on equity of 29.71%.
Anterix Trading Up 6.9%
ATEX stock traded up $1.44 during trading on Tuesday, reaching $22.40. The stock had a trading volume of 258,480 shares, compared to its average volume of 168,121. Anterix has a 1-year low of $20.61 and a 1-year high of $42.91. The company has a market capitalization of $418.88 million, a P/E ratio of -35.56 and a beta of 0.89. The firm has a fifty day moving average price of $24.66 and a 200 day moving average price of $30.20.
Hedge Funds Weigh In On Anterix
A number of institutional investors have recently added to or reduced their stakes in ATEX. Millennium Management LLC lifted its holdings in Anterix by 50.6% in the 1st quarter. Millennium Management LLC now owns 116,473 shares of the company's stock worth $4,263,000 after buying an additional 39,143 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Anterix by 17.7% in the first quarter. Goldman Sachs Group Inc. now owns 124,706 shares of the company's stock valued at $4,564,000 after acquiring an additional 18,771 shares in the last quarter. Rhumbline Advisers raised its holdings in Anterix by 70.9% in the second quarter. Rhumbline Advisers now owns 27,998 shares of the company's stock valued at $718,000 after acquiring an additional 11,615 shares in the last quarter. Legal & General Group Plc raised its holdings in Anterix by 19.7% in the second quarter. Legal & General Group Plc now owns 11,303 shares of the company's stock valued at $290,000 after acquiring an additional 1,857 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Anterix by 16.9% in the 1st quarter. AQR Capital Management LLC now owns 11,489 shares of the company's stock valued at $420,000 after purchasing an additional 1,659 shares in the last quarter. Institutional investors and hedge funds own 87.67% of the company's stock.
About Anterix
(
Get 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.
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