Anterix Inc. (NASDAQ:ATEX - Get Free Report) shares fell 5.3% during trading on Wednesday . The stock traded as low as $25.88 and last traded at $27.26. 120,184 shares were traded during mid-day trading, a decline of 29% from the average session volume of 169,282 shares. The stock had previously closed at $28.78.
Anterix Trading Down 7.0%
The stock has a market capitalization of $497.65 million, a price-to-earnings ratio of -16.42 and a beta of 0.88. The stock's 50 day moving average is $28.52 and its two-hundred day moving average is $31.96.
Anterix (NASDAQ:ATEX - Get Free Report) last issued its quarterly earnings results on Tuesday, June 24th. The company reported ($0.36) EPS for the quarter, beating analysts' consensus estimates of ($0.48) by $0.12. The company had revenue of $1.39 million for the quarter, compared to analyst estimates of $1.71 million. Anterix had a negative return on equity of 31.26% and a negative net margin of 508.15%. During the same period in the previous year, the company posted ($0.62) earnings per share. On average, research analysts anticipate that Anterix Inc. will post -1.53 earnings per share for the current year.
Hedge Funds Weigh In On Anterix
A number of large investors have recently bought and sold shares of the company. BNP Paribas Financial Markets acquired a new stake in shares of Anterix in the fourth quarter valued at approximately $43,000. Federated Hermes Inc. increased its stake in Anterix by 74.0% in the 4th quarter. Federated Hermes Inc. now owns 1,432 shares of the company's stock valued at $44,000 after buying an additional 609 shares during the last quarter. Aquatic Capital Management LLC bought a new stake in Anterix during the 4th quarter worth about $47,000. Russell Investments Group Ltd. grew its holdings in shares of Anterix by 156.7% in the 4th 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 in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Anterix in the fourth quarter valued at about $55,000. 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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