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Vanguard Group Inc. Increases Position in Anterix Inc. $ATEX

Anterix logo with Computer and Technology background

Key Points

  • Vanguard Group Inc. has increased its stake in Anterix Inc. by 1.5%, now holding approximately 5.65% of the company, valued at around $38.43 million.
  • Analysts have mixed ratings on Anterix, with one downgrading it from "hold" to "sell," while the stock maintains a consensus rating of "Strong Buy" with a target price of $67.00.
  • Anterix reported earnings of ($0.48) per share, exceeding expectations, but revenue of $1.42 million was below analysts' forecasts of $1.51 million for the quarter.
  • Want stock alerts on Anterix? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Vanguard Group Inc. boosted its stake in shares of Anterix Inc. (NASDAQ:ATEX - Free Report) by 1.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,050,022 shares of the company's stock after purchasing an additional 15,043 shares during the period. Vanguard Group Inc. owned about 5.65% of Anterix worth $38,431,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ATEX. Wells Fargo & Company MN lifted its position in 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 purchasing an additional 1,849 shares during the period. Barclays PLC lifted its position in Anterix by 124.1% during the fourth quarter. Barclays PLC now owns 38,025 shares of the company's stock valued at $1,166,000 after purchasing an additional 21,054 shares during the period. Two Sigma Securities LLC lifted its position in Anterix by 5.0% during the fourth quarter. Two Sigma Securities LLC now owns 8,972 shares of the company's stock valued at $275,000 after purchasing an additional 426 shares during the period. Aquatic Capital Management LLC bought a new position in Anterix during the fourth quarter valued at approximately $47,000. Finally, Northern Trust Corp lifted its position in Anterix by 8.5% during the fourth quarter. Northern Trust Corp now owns 133,270 shares of the company's stock valued at $4,087,000 after purchasing an additional 10,463 shares during the period. Institutional investors own 87.67% of the company's stock.

Anterix Trading Up 1.8%

ATEX stock traded up $0.42 during midday trading on Friday, reaching $23.74. 225,720 shares of the company's stock traded hands, compared to its average volume of 224,141. Anterix Inc. has a 52-week low of $20.61 and a 52-week high of $42.91. The stock has a market cap of $444.89 million, a P/E ratio of 15.22 and a beta of 0.89. The stock's 50-day moving average is $23.23 and its 200 day moving average is $29.46.

Anterix (NASDAQ:ATEX - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The company reported ($0.48) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.54) by $0.06. The firm 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%. As a group, research analysts expect that Anterix Inc. will post -1.53 EPS for the current fiscal year.

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 research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat, Anterix presently has a consensus rating of "Strong Buy" and an average target price of $67.00.

Read Our Latest Research Report on Anterix

Anterix Company Profile

(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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Institutional Ownership by Quarter for Anterix (NASDAQ:ATEX)

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