Inspire Investing LLC Takes Position in Anterix Inc. (NASDAQ:ATEX)

Inspire Investing LLC bought a new stake in Anterix Inc. (NASDAQ:ATEX) in the 3rd quarter, Holdings Channel reports. The fund bought 10,903 shares of the company’s stock, valued at approximately $411,000.

A number of other large investors have also added to or reduced their stakes in ATEX. Marshall Wace LLP boosted its position in Anterix by 250.2% in the 2nd quarter. Marshall Wace LLP now owns 58,652 shares of the company’s stock valued at $2,322,000 after buying an additional 41,905 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Anterix in the second quarter worth about $1,520,000. Renaissance Technologies LLC purchased a new position in Anterix in the second quarter valued at about $1,334,000. Gamco Investors INC. ET AL grew its stake in Anterix by 24.2% during the 1st quarter. Gamco Investors INC. ET AL now owns 93,295 shares of the company’s stock valued at $3,136,000 after purchasing an additional 18,195 shares in the last quarter. Finally, Janus Henderson Group PLC purchased a new stake in Anterix during the 1st quarter worth approximately $430,000. 87.67% of the stock is owned by institutional investors and hedge funds.

Anterix Stock Up 1.4 %

NASDAQ:ATEX opened at $33.40 on Friday. The company has a market cap of $620.20 million, a PE ratio of -68.16 and a beta of 0.83. The business’s 50 day moving average is $36.66 and its two-hundred day moving average is $35.33. Anterix Inc. has a 52 week low of $28.70 and a 52 week high of $42.41.

Anterix (NASDAQ:ATEX) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.84) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.45) by ($0.39). The firm had revenue of $1.53 million for the quarter, compared to the consensus estimate 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 business earned ($0.11) earnings per share. As a group, sell-side analysts expect that Anterix Inc. will post -2.64 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Craig Hallum raised shares of Anterix to a “strong-buy” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. raised 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.

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.