Anterix (NASDAQ:ATEX) Releases Quarterly Earnings Results, Misses Expectations By $0.27 EPS

Anterix (NASDAQ:ATEX) posted its quarterly earnings data on Wednesday. The company reported ($0.51) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.27), reports. The firm had revenue of $1.26 million for the quarter, compared to the consensus estimate of $1.52 million. Anterix had a negative return on equity of 18.42% and a negative net margin of 217.80%.

Anterix Stock Up 17.0 %

NASDAQ ATEX opened at $36.29 on Friday. The company has a fifty day simple moving average of $32.13 and a 200 day simple moving average of $33.08. Anterix has a 1 year low of $27.20 and a 1 year high of $40.45.

Insider Buying and Selling

In related news, CFO Timothy Gray sold 16,667 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $31.91, for a total transaction of $531,843.97. Following the completion of the sale, the chief financial officer now directly owns 90,475 shares of the company’s stock, valued at approximately $2,887,057.25. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 31.71% of the stock is owned by insiders.

Institutional Trading of Anterix

Hedge funds have recently bought and sold shares of the stock. Motco bought a new stake in Anterix in the 1st quarter valued at $44,000. Los Angeles Capital Management LLC bought a new stake in Anterix in the 1st quarter valued at $302,000. Tower Research Capital LLC TRC lifted its holdings in shares of Anterix by 1,843.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 11,700 shares of the company’s stock worth $367,000 after acquiring an additional 11,098 shares during the period. Janus Henderson Group PLC bought a new position in shares of Anterix during the 1st quarter worth about $430,000. Finally, GSA Capital Partners LLP bought a new position in shares of Anterix during the 3rd quarter worth about $687,000. 87.67% of the stock is owned by institutional investors.

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.