Anterix Inc (NASDAQ:ATEX) – Equities researchers at B. Riley issued their FY2021 earnings per share estimates for Anterix in a note issued to investors on Friday, August 16th, according to Zacks Investment Research. B. Riley analyst M. Crawford anticipates that the company will earn ($2.33) per share for the year. B. Riley currently has a “Buy” rating and a $59.00 target price on the stock.
A number of other analysts have also issued reports on the stock. Zacks Investment Research raised shares of Anterix from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research report on Friday, May 31st. BidaskClub upgraded shares of Anterix from a “buy” rating to a “strong-buy” rating in a report on Friday, May 24th. Evercore ISI assumed coverage on shares of Anterix in a research note on Friday, August 9th. They issued an “outperform” rating and a $61.00 price objective for the company. Finally, Craig Hallum increased their target price on shares of Anterix from $62.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $64.00.
NASDAQ:ATEX traded up $2.84 during trading hours on Monday, hitting $40.52. 193,879 shares of the stock traded hands. The firm has a market cap of $565.70 million, a price-to-earnings ratio of -14.07 and a beta of 0.23. Anterix has a fifty-two week low of $27.80 and a fifty-two week high of $51.33. The company has a current ratio of 8.51, a quick ratio of 8.51 and a debt-to-equity ratio of 0.05. The firm has a 50 day moving average price of $42.08 and a 200 day moving average price of $42.57.
Anterix (NASDAQ:ATEX) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.63) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.66) by $0.03. The company had revenue of $0.45 million during the quarter, compared to the consensus estimate of $0.79 million. Anterix had a negative return on equity of 19.16% and a negative net margin of 769.30%.
In other news, major shareholder Stephen Feinberg sold 1,000,000 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $43.50, for a total value of $43,500,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Owl Creek Asset Management, L. acquired 17,000 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was acquired at an average price of $41.99 per share, for a total transaction of $713,830.00. The disclosure for this purchase can be found here. In the last three months, insiders bought 1,145,329 shares of company stock worth $51,224,815. Insiders own 6.74% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in ATEX. Geode Capital Management LLC increased its position in shares of Anterix by 4.9% in the 4th quarter. Geode Capital Management LLC now owns 111,470 shares of the company’s stock valued at $4,167,000 after buying an additional 5,254 shares in the last quarter. NJ State Employees Deferred Compensation Plan boosted its holdings in shares of Anterix by 20.0% during the first quarter. NJ State Employees Deferred Compensation Plan now owns 12,000 shares of the company’s stock worth $422,000 after acquiring an additional 2,000 shares during the period. Atika Capital Management LLC bought a new stake in shares of Anterix during the first quarter worth approximately $1,336,000. Gilder Gagnon Howe & Co. LLC grew its position in shares of Anterix by 51.0% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 8,865 shares of the company’s stock valued at $312,000 after purchasing an additional 2,993 shares during the last quarter. Finally, Legal & General Group Plc grew its position in shares of Anterix by 45.3% in the fourth quarter. Legal & General Group Plc now owns 1,885 shares of the company’s stock valued at $70,000 after purchasing an additional 588 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.
About Anterix
Anterix Inc operates as a wireless communications company. The company focuses on enabling private broadband connectivity for critical infrastructure and enterprise businesses. It holds licensed spectrum in the 900 MHz band with nationwide coverage throughout the United States, Hawaii, Alaska, and Puerto Rico.