Anterix Inc. (NASDAQ:ATEX) Sees Large Decrease in Short Interest

Anterix Inc. (NASDAQ:ATEX) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totalling 731,800 shares, a decline of 10.3% from the August 31st total of 815,700 shares. Based on an average trading volume of 241,000 shares, the days-to-cover ratio is presently 3.0 days.

Anterix Stock Up 0.1 %

ATEX stock traded up $0.03 during trading on Friday, reaching $38.28. 115,962 shares of the company’s stock were exchanged, compared to its average volume of 326,779. The firm has a market cap of $711.63 million, a PE ratio of -78.12 and a beta of 0.83. Anterix has a 1-year low of $28.70 and a 1-year high of $42.41. The company’s fifty day moving average price is $37.99 and its 200-day moving average price is $35.30.

Anterix (NASDAQ:ATEX) last announced its earnings results on Tuesday, August 6th. The company reported ($0.84) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.45) by ($0.39). Anterix had a negative net margin of 441.15% and a negative return on equity of 27.91%. The company had revenue of $1.53 million during the quarter, compared to the consensus estimate of $1.64 million. During the same quarter in the prior year, the company earned ($0.11) EPS. As a group, sell-side analysts expect that Anterix will post -2.64 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. upped their target price on shares of Anterix from $60.00 to $61.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th.

Institutional Investors Weigh In On Anterix

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ATEX. Heard Capital LLC increased its position in shares of Anterix by 0.9% during the 4th quarter. Heard Capital LLC now owns 1,829,551 shares of the company’s stock valued at $60,961,000 after purchasing an additional 16,420 shares during the period. Gabelli Funds LLC grew its holdings in Anterix by 4.3% during the fourth quarter. Gabelli Funds LLC now owns 135,100 shares of the company’s stock worth $4,502,000 after acquiring an additional 5,600 shares during the period. Los Angeles Capital Management LLC acquired a new stake in Anterix in the 1st quarter valued at about $302,000. Woodmont Investment Counsel LLC lifted its holdings in Anterix by 4.2% in the 1st quarter. Woodmont Investment Counsel LLC now owns 32,248 shares of the company’s stock valued at $1,084,000 after acquiring an additional 1,314 shares during the last quarter. Finally, Motco bought a new position in shares of Anterix during the 1st quarter valued at about $44,000. Institutional investors own 87.67% of the company’s stock.

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.