AYAL Capital Advisors Ltd Purchases Shares of 98,671 Anterix Inc. $ATEX

Key Points

• AYAL Capital Advisors Ltd acquired 98,671 shares of Anterix Inc. for approximately $3.6 million, making it the firm's 27th largest holding.
• Anterix experienced a 4.5% decline in stock price recently, trading at $22.67, with a market cap of $424.84 million.
• Wall Street analysts have mixed ratings for Anterix, with one rating it as a Strong Buy and another downgrading it to a sell rating.

AYAL Capital Advisors Ltd purchased a new stake in shares of Anterix Inc. (NASDAQ:ATEX - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 98,671 shares of the company's stock, valued at approximately $3,611,000. Anterix accounts for 1.2% of AYAL Capital Advisors Ltd's investment portfolio, making the stock its 27th largest holding. AYAL Capital Advisors Ltd owned about 0.53% of Anterix at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ATEX. Wells Fargo & Company MN raised its holdings in shares of Anterix by 46.3% during the fourth quarter. Wells Fargo & Company MN now owns 5,841 shares of the company's stock valued at $179,000 after acquiring an additional 1,849 shares in the last quarter. Aquatic Capital Management LLC bought a new position in shares of Anterix during the fourth quarter valued at approximately $47,000. Northern Trust Corp raised its holdings in Anterix by 8.5% in the fourth quarter. Northern Trust Corp now owns 133,270 shares of the company's stock worth $4,087,000 after purchasing an additional 10,463 shares in the last quarter. BNP Paribas Financial Markets bought a new position in Anterix in the fourth quarter worth $43,000. Finally, Deutsche Bank AG raised its holdings in Anterix by 29.6% in the fourth quarter. Deutsche Bank AG now owns 15,207 shares of the company's stock worth $466,000 after purchasing an additional 3,473 shares in the last quarter. Institutional investors own 87.67% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded Anterix from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Strong Buy" and a consensus price target of $67.00.

Anterix Stock Down 0.1%

NASDAQ:ATEX traded down $0.03 on Monday, hitting $21.94. The stock had a trading volume of 44,256 shares, compared to its average volume of 174,478. The stock has a market cap of $411.16 million, a price-to-earnings ratio of 14.10 and a beta of 0.91. The business's 50-day simple moving average is $22.77 and its two-hundred day simple moving average is $28.73. Anterix Inc. has a 52-week low of $20.61 and a 52-week high of $42.91.

Anterix (NASDAQ:ATEX - Get Free Report) last announced its earnings results on Tuesday, August 12th. The company reported ($0.48) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.54) by $0.06. The business had revenue of $1.42 million for the quarter, compared to analysts' expectations of $1.51 million. Anterix had a negative return on equity of 23.87% and a net margin of 495.14%. As a group, equities research analysts anticipate that Anterix Inc. will post -1.53 EPS for the current year.

Anterix Profile

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.