Goldman Sachs Group Inc. Boosts Stock Holdings in Anterix Inc. $ATEX

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. boosted its position in Anterix Inc. (NASDAQ:ATEX - Free Report) by 17.7% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 124,706 shares of the company's stock after purchasing an additional 18,771 shares during the period. Goldman Sachs Group Inc. owned about 0.67% of Anterix worth $4,564,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets bought a new stake in Anterix in the 4th quarter worth about $43,000. Point72 Asset Management L.P. bought a new stake in Anterix in the 4th quarter worth about $81,000. GAMMA Investing LLC grew its position in Anterix by 131,650.0% in the 1st quarter. GAMMA Investing LLC now owns 2,635 shares of the company's stock worth $96,000 after purchasing an additional 2,633 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in Anterix in the 1st quarter worth about $128,000. Finally, Covestor Ltd grew its position in Anterix by 203,300.0% in the 1st quarter. Covestor Ltd now owns 4,068 shares of the company's stock worth $149,000 after purchasing an additional 4,066 shares in the last quarter. 87.67% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Scott A. Lang purchased 4,650 shares of the company's stock in a transaction on Thursday, September 18th. The stock was acquired at an average price of $21.28 per share, with a total value of $98,952.00. Following the transaction, the chief executive officer directly owned 4,650 shares of the company's stock, valued at approximately $98,952. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 45.61% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of Anterix from a "hold" rating to a "sell" rating in a research 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's stock. According to data from MarketBeat, the stock has a consensus rating of "Strong Buy" and an average target price of $67.00.

Anterix Stock Up 3.7%

Shares of Anterix stock traded up $0.80 during trading on Friday, reaching $22.25. The company's stock had a trading volume of 620,345 shares, compared to its average volume of 194,967. Anterix Inc. has a 52-week low of $20.61 and a 52-week high of $42.91. The company has a market cap of $416.97 million, a price-to-earnings ratio of 14.26 and a beta of 0.91. The firm's 50-day moving average is $22.12 and its two-hundred day moving average is $27.70.

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

Anterix Company 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.