SBI Securities Co. Ltd. Acquires 74,963 Shares of Anterix Inc. $ATEX

SBI Securities Co. Ltd. raised its stake in shares of Anterix Inc. (NASDAQ:ATEX) by 374,815.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 74,983 shares of the company’s stock after purchasing an additional 74,963 shares during the period. SBI Securities Co. Ltd. owned 0.40% of Anterix worth $1,610,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ATEX. AQR Capital Management LLC raised its position in shares of Anterix by 16.9% during the first quarter. AQR Capital Management LLC now owns 11,489 shares of the company’s stock worth $420,000 after acquiring an additional 1,659 shares during the last quarter. Millennium Management LLC raised its holdings in Anterix by 50.6% during the 1st quarter. Millennium Management LLC now owns 116,473 shares of the company’s stock worth $4,263,000 after purchasing an additional 39,143 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Anterix by 17.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 124,706 shares of the company’s stock worth $4,564,000 after purchasing an additional 18,771 shares during the period. Inspire Investing LLC boosted its stake in shares of Anterix by 61.0% in the 2nd quarter. Inspire Investing LLC now owns 15,158 shares of the company’s stock valued at $389,000 after purchasing an additional 5,744 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Anterix during the second quarter worth $48,000. Institutional investors own 87.67% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Zacks Research raised shares of Anterix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of Anterix in a research note on Wednesday, January 21st. Finally, JPMorgan Chase & Co. decreased their target price on Anterix from $67.00 to $50.00 and set an “overweight” rating for the company in a research note on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $50.00.

Insiders Place Their Bets

In other Anterix news, CEO Scott A. Lang acquired 2,450 shares of the company’s stock in a transaction on Monday, December 8th. The shares were purchased at an average cost of $20.41 per share, with a total value of $50,004.50. Following the completion of the purchase, the chief executive officer owned 7,100 shares of the company’s stock, valued at approximately $144,911. This represents a 52.69% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gena L. Ashe sold 6,564 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $21.07, for a total transaction of $138,303.48. Following the sale, the insider directly owned 13,366 shares of the company’s stock, valued at approximately $281,621.62. The trade was a 32.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 45.61% of the stock is owned by company insiders.

Anterix Trading Down 4.3%

Shares of NASDAQ ATEX opened at $25.98 on Friday. The firm has a market capitalization of $486.27 million, a P/E ratio of 5.08 and a beta of 0.86. The firm’s 50-day moving average price is $23.03 and its 200-day moving average price is $21.91. Anterix Inc. has a 1-year low of $17.58 and a 1-year high of $42.91.

Anterix (NASDAQ:ATEX) last issued its earnings results on Wednesday, November 12th. The company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.65) by $0.51. The business had revenue of $1.55 million during the quarter, compared to analyst estimates of $1.43 million. Anterix had a negative return on equity of 14.95% and a net margin of 1,614.08%. Equities research analysts forecast that Anterix Inc. will post -1.53 EPS for the current year.

Anterix Profile

Anterix, Inc is a specialized telecommunications company focused on delivering private broadband networks for utilities and other critical infrastructure industries. The company owns and operates dedicated 900 MHz spectrum that enables reliable, secure and high-performance wireless communications to support grid modernization, smart metering, distribution automation and other mission-critical applications. By leveraging this spectrum, Anterix helps electric, water and gas utilities deploy advanced communications capabilities to enhance operational efficiency and resiliency.

At the core of Anterix’s offering is its licensed 900 MHz spectrum, which provides superior propagation characteristics compared with unlicensed options and allows for cost-effective coverage over expansive service territories.