Cubist Systematic Strategies LLC Makes New $362,000 Investment in Anterix Inc. (NASDAQ:ATEX)

Cubist Systematic Strategies LLC purchased a new stake in Anterix Inc. (NASDAQ:ATEX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 9,151 shares of the company’s stock, valued at approximately $362,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in ATEX. Los Angeles Capital Management LLC purchased a new position in Anterix in the first quarter worth approximately $302,000. Woodmont Investment Counsel LLC increased its position in shares of Anterix by 4.2% during the 1st quarter. Woodmont Investment Counsel LLC now owns 32,248 shares of the company’s stock worth $1,084,000 after purchasing an additional 1,314 shares during the last quarter. Motco purchased a new stake in Anterix in the 1st quarter valued at about $44,000. Vanguard Group Inc. lifted its position in Anterix by 0.9% in the first quarter. Vanguard Group Inc. now owns 876,015 shares of the company’s stock valued at $29,443,000 after buying an additional 8,020 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its stake in Anterix by 2.2% during the first quarter. Clearbridge Investments LLC now owns 318,021 shares of the company’s stock worth $10,689,000 after buying an additional 6,844 shares during the period. Institutional investors and hedge funds own 87.67% of the company’s stock.

Anterix Stock Performance

NASDAQ ATEX opened at $31.50 on Monday. The firm has a market cap of $584.92 million, a price-to-earnings ratio of -64.29 and a beta of 0.83. The firm has a 50 day simple moving average of $37.04 and a 200-day simple moving average of $35.36. Anterix Inc. has a one year low of $28.70 and a one year high of $42.41.

Anterix (NASDAQ:ATEX) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.84) EPS for the quarter, missing the consensus estimate of ($0.45) by ($0.39). The business had revenue of $1.53 million during the quarter, compared to analyst estimates of $1.64 million. Anterix had a negative return on equity of 27.91% and a negative net margin of 441.15%. During the same quarter last year, the firm earned ($0.11) EPS. Equities analysts predict that Anterix Inc. will post -2.64 EPS for the current fiscal year.

Analysts Set New Price Targets

ATEX has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Anterix from $60.00 to $61.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Craig Hallum upgraded Anterix to a “strong-buy” rating in a research note on Wednesday, October 9th.

About Anterix

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.