GSA Capital Partners LLP Acquires 45,200 Shares of Anterix Inc. $ATEX

GSA Capital Partners LLP lifted its holdings in Anterix Inc. (NASDAQ:ATEX) by 312.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 59,652 shares of the company’s stock after purchasing an additional 45,200 shares during the quarter. GSA Capital Partners LLP’s holdings in Anterix were worth $1,281,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. SBI Securities Co. Ltd. increased its position in Anterix by 374,815.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 74,983 shares of the company’s stock valued at $1,610,000 after acquiring an additional 74,963 shares in the last quarter. AlphaQuest LLC increased its holdings in shares of Anterix by 12.9% in the third quarter. AlphaQuest LLC now owns 5,435 shares of the company’s stock valued at $117,000 after purchasing an additional 619 shares in the last quarter. Strs Ohio raised its position in Anterix by 11,300.0% in the 3rd quarter. Strs Ohio now owns 11,400 shares of the company’s stock worth $245,000 after purchasing an additional 11,300 shares during the last quarter. Covestor Ltd lifted its holdings in Anterix by 15.5% during the 3rd quarter. Covestor Ltd now owns 9,523 shares of the company’s stock worth $204,000 after buying an additional 1,278 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC boosted its position in Anterix by 65.0% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 20,800 shares of the company’s stock valued at $447,000 after buying an additional 8,191 shares during the last quarter. Institutional investors and hedge funds own 87.67% of the company’s stock.

Anterix Stock Performance

Shares of NASDAQ ATEX opened at $32.88 on Thursday. Anterix Inc. has a 52-week low of $17.58 and a 52-week high of $42.91. The stock has a market cap of $615.84 million, a P/E ratio of 7.56 and a beta of 0.86. The firm has a 50 day moving average price of $24.84 and a 200 day moving average price of $22.45.

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on ATEX. Weiss Ratings raised Anterix from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, February 11th. Zacks Research lowered shares of Anterix from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $50.00.

Insiders Place Their Bets

In other news, CEO Scott A. Lang purchased 2,450 shares of the business’s stock in a transaction dated Monday, December 8th. The shares were bought at an average cost of $20.41 per share, for a total transaction of $50,004.50. Following the completion of the acquisition, the chief executive officer directly owned 7,100 shares in the company, valued at approximately $144,911. This trade represents a 52.69% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 45.61% of the company’s stock.

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.