Anterix Inc. $ATEX Shares Acquired by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL increased its holdings in shares of Anterix Inc. (NASDAQ:ATEX) by 17.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 320,070 shares of the company’s stock after purchasing an additional 46,645 shares during the period. Gamco Investors INC. ET AL owned 1.71% of Anterix worth $6,872,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. AQR Capital Management LLC raised its position in Anterix by 16.9% in the first quarter. AQR Capital Management LLC now owns 11,489 shares of the company’s stock valued at $420,000 after purchasing an additional 1,659 shares during the period. Millennium Management LLC boosted its position in shares of Anterix by 50.6% in the first quarter. Millennium Management LLC now owns 116,473 shares of the company’s stock worth $4,263,000 after buying an additional 39,143 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Anterix by 17.7% in the first quarter. Goldman Sachs Group Inc. now owns 124,706 shares of the company’s stock worth $4,564,000 after buying an additional 18,771 shares during the period. Pekin Hardy Strauss Inc. acquired a new stake in shares of Anterix in the second quarter valued at about $417,000. Finally, Los Angeles Capital Management LLC grew its stake in shares of Anterix by 191.9% in the second quarter. Los Angeles Capital Management LLC now owns 20,096 shares of the company’s stock valued at $515,000 after buying an additional 13,212 shares in the last quarter. 87.67% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Anterix news, CEO Scott A. Lang acquired 1,160 shares of the stock in a transaction on Thursday, December 18th. The stock was purchased at an average price of $21.61 per share, for a total transaction of $25,067.60. Following the purchase, the chief executive officer directly owned 8,260 shares in the company, valued at $178,498.60. This trade represents a 16.34% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 45.61% of the stock is currently owned by company insiders.

Anterix Price Performance

Shares of ATEX stock opened at $39.60 on Monday. The company’s fifty day moving average price is $28.43 and its two-hundred day moving average price is $23.75. The firm has a market capitalization of $741.83 million, a P/E ratio of 9.10 and a beta of 0.76. Anterix Inc. has a 12 month low of $17.58 and a 12 month high of $40.34.

Anterix (NASDAQ:ATEX) last announced its earnings results on Wednesday, February 11th. The company reported ($0.35) earnings per share 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 during the quarter, compared to the consensus estimate of $1.47 million. On average, sell-side analysts anticipate that Anterix Inc. will post -1.53 EPS for the current year.

Analyst Upgrades and Downgrades

ATEX has been the topic of several recent research reports. Weiss Ratings lowered Anterix from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, February 25th. Zacks Research downgraded shares of Anterix from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $50.00.

About Anterix

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.