SG Americas Securities LLC Makes New $1.06 Million Investment in Anterix Inc. $ATEX

Key Points

• SG Americas Securities LLC opened a new position in Anterix (NASDAQ:ATEX) in Q4, buying 48,509 shares valued at about $1.06 million and representing roughly 0.26% of the company.
• Anterix beat Q4 EPS estimates (reported ($0.35) vs. consensus ($0.57)) and is trading near its one‑year high ($41.49) with a market cap around $777 million and a P/E of 9.54; analysts have an average Hold rating and a $50 consensus price target.
• Institutional ownership is high at 87.67%, with multiple funds (e.g., AlphaQuest, Russell, MIRAE, Tower Research, Covestor) recently adjusting their stakes in the company.

SG Americas Securities LLC purchased a new position in Anterix Inc. (NASDAQ:ATEX - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 48,509 shares of the company's stock, valued at approximately $1,059,000. SG Americas Securities LLC owned 0.26% of Anterix at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. AlphaQuest LLC boosted its position in shares of Anterix by 12.9% during the 3rd quarter. AlphaQuest LLC now owns 5,435 shares of the company's stock valued at $117,000 after acquiring an additional 619 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Anterix by 12.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 5,760 shares of the company's stock valued at $148,000 after buying an additional 637 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Anterix by 17.0% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,084 shares of the company's stock valued at $182,000 after buying an additional 1,029 shares during the period. Tower Research Capital LLC TRC raised its holdings in Anterix by 299.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,645 shares of the company's stock valued at $42,000 after buying an additional 1,233 shares during the period. Finally, Covestor Ltd raised its holdings in Anterix by 15.5% during the 3rd quarter. Covestor Ltd now owns 9,523 shares of the company's stock valued at $204,000 after buying an additional 1,278 shares during the period. 87.67% of the stock is currently owned by institutional investors.

Anterix Stock Performance

NASDAQ ATEX opened at $41.49 on Thursday. The company's 50-day simple moving average is $35.51 and its two-hundred day simple moving average is $26.43. Anterix Inc. has a one year low of $17.58 and a one year high of $42.93. The company has a market capitalization of $777.11 million, a price-to-earnings ratio of 9.54 and a beta of 0.70.

Anterix (NASDAQ:ATEX - Get Free Report) last posted its earnings results on Wednesday, February 11th. The company reported ($0.35) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.57) by $0.22. Anterix had a negative return on equity of 12.26% and a net margin of 1,370.92%.The company had revenue of $1.57 million for the quarter, compared to analyst estimates of $1.47 million. Equities analysts expect that Anterix Inc. will post -1.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Zacks Research lowered Anterix from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 5th. Weiss Ratings upgraded Anterix from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, March 11th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $50.00.

Anterix Profile

Anterix, Inc is a specialized telecommunications company focused on delivering private broadband networks for utilities and other critical infrastructure industries. The company owns and operates dedicated 900 MHz spectrum that enables reliable, secure and high-performance wireless communications to support grid modernization, smart metering, distribution automation and other mission-critical applications. By leveraging this spectrum, Anterix helps electric, water and gas utilities deploy advanced communications capabilities to enhance operational efficiency and resiliency.

At the core of Anterix’s offering is its licensed 900 MHz spectrum, which provides superior propagation characteristics compared with unlicensed options and allows for cost-effective coverage over expansive service territories.

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