Anterix Inc. $ATEX Shares Purchased by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs increased its stock holdings in Anterix Inc. by 17.7% in the first quarter, owning approximately 0.67% of the company valued at $4.56 million.
• Shares of Anterix opened at $21.33 and report a twelve-month high of $42.91 as the company forecasts earnings of -$1.53 EPS for the current year.
• Wall Street analysts have mixed ratings for Anterix, with an average rating of "Strong Buy" and a consensus price target of $67.00.

Goldman Sachs Group Inc. grew its stake in shares of Anterix Inc. (NASDAQ:ATEX - Free Report) by 17.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 124,706 shares of the company's stock after buying an additional 18,771 shares during the period. Goldman Sachs Group Inc. owned 0.67% of Anterix worth $4,564,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Brown Advisory Inc. purchased a new position in Anterix during the first quarter worth $732,000. Allspring Global Investments Holdings LLC increased its position in Anterix by 8.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 12,029 shares of the company's stock worth $440,000 after buying an additional 949 shares in the last quarter. Millennium Management LLC increased its position in Anterix by 20.2% during the fourth quarter. Millennium Management LLC now owns 77,330 shares of the company's stock worth $2,372,000 after buying an additional 13,017 shares in the last quarter. SG Americas Securities LLC increased its position in Anterix by 23.6% during the first quarter. SG Americas Securities LLC now owns 25,192 shares of the company's stock worth $922,000 after buying an additional 4,805 shares in the last quarter. Finally, Nuveen LLC purchased a new position in Anterix during the first quarter worth $7,204,000. Hedge funds and other institutional investors own 87.67% of the company's stock.

Insider Activity

In other Anterix news, CEO Scott A. Lang acquired 4,650 shares of the firm's stock in a transaction dated Thursday, September 18th. The shares were acquired at an average price of $21.28 per share, for a total transaction of $98,952.00. Following the completion of the acquisition, the chief executive officer directly owned 4,650 shares of the company's stock, valued at $98,952. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 45.61% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded Anterix from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Strong Buy" and an average price target of $67.00.

Anterix Stock Up 3.7%

Shares of ATEX stock traded up $0.80 during mid-day trading on Friday, hitting $22.25. 620,345 shares of the company's stock were exchanged, compared to its average volume of 215,330. Anterix Inc. has a fifty-two week low of $20.61 and a fifty-two week high of $42.91. The stock has a 50-day simple moving average of $22.12 and a two-hundred day simple moving average of $27.54. The stock has a market cap of $416.97 million, a price-to-earnings ratio of 14.26 and a beta of 0.91.

Anterix (NASDAQ:ATEX - Get Free Report) last posted its quarterly earnings data 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. Anterix had a negative return on equity of 23.87% and a net margin of 495.14%.The business had revenue of $1.42 million for the quarter, compared to analysts' expectations of $1.51 million. As a group, analysts anticipate that Anterix Inc. will post -1.53 earnings per share for the current fiscal 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.