Anterix Inc. (NASDAQ:ATEX - Get Free Report)'s share price was down 5.3% during trading on Wednesday . The stock traded as low as $25.88 and last traded at $27.26. Approximately 120,184 shares traded hands during trading, a decline of 29% from the average daily volume of 169,282 shares. The stock had previously closed at $28.78.
Anterix Price Performance
The company has a market capitalization of $480.22 million, a PE ratio of -40.76 and a beta of 0.88. The firm has a 50-day moving average of $28.15 and a 200 day moving average of $31.80.
Anterix (NASDAQ:ATEX - Get Free Report) last released its quarterly earnings data on Tuesday, June 24th. The company reported ($0.36) EPS for the quarter, beating the consensus estimate of ($0.48) by $0.12. Anterix had a negative return on equity of 29.71% and a negative net margin of 188.56%. The company had revenue of $1.39 million for the quarter, compared to analysts' expectations of $1.71 million. During the same period last year, the firm posted ($0.62) earnings per share. Equities analysts expect that Anterix Inc. will post -1.53 EPS for the current year.
Institutional Investors Weigh In On Anterix
Several institutional investors have recently modified their holdings of the business. Two Sigma Securities LLC lifted its holdings in Anterix by 5.0% in the fourth quarter. Two Sigma Securities LLC now owns 8,972 shares of the company's stock valued at $275,000 after acquiring an additional 426 shares during the period. Federated Hermes Inc. lifted its holdings in Anterix by 74.0% in the fourth quarter. Federated Hermes Inc. now owns 1,432 shares of the company's stock valued at $44,000 after acquiring an additional 609 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Anterix by 8.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 12,029 shares of the company's stock valued at $440,000 after acquiring an additional 949 shares during the period. Russell Investments Group Ltd. lifted its holdings in Anterix by 156.7% in the fourth quarter. Russell Investments Group Ltd. now owns 1,797 shares of the company's stock valued at $55,000 after acquiring an additional 1,097 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Anterix by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 134,400 shares of the company's stock valued at $4,122,000 after acquiring an additional 1,183 shares during the period. 87.67% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading
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