Anterix Inc. $ATEX Shares Purchased by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL raised its stake in shares of Anterix Inc. (NASDAQ:ATEX) by 17.1% during the third quarter, HoldingsChannel reports. The fund owned 320,070 shares of the company’s stock after acquiring an additional 46,645 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Anterix were worth $6,872,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in ATEX. Garnet Equity Capital Holdings Inc. increased its position in shares of Anterix by 2.6% in the 2nd quarter. Garnet Equity Capital Holdings Inc. now owns 397,395 shares of the company’s stock worth $10,193,000 after purchasing an additional 10,000 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Anterix by 8.7% during the second quarter. Geode Capital Management LLC now owns 383,557 shares of the company’s stock worth $9,840,000 after purchasing an additional 30,575 shares during the last quarter. AYAL Capital Advisors Ltd lifted its position in shares of Anterix by 143.4% during the second quarter. AYAL Capital Advisors Ltd now owns 240,171 shares of the company’s stock worth $6,160,000 after purchasing an additional 141,500 shares during the last quarter. Bank of America Corp DE grew its stake in Anterix by 25.2% in the second quarter. Bank of America Corp DE now owns 208,445 shares of the company’s stock worth $5,347,000 after purchasing an additional 42,018 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its holdings in Anterix by 33.1% in the second quarter. Qube Research & Technologies Ltd now owns 203,144 shares of the company’s stock valued at $5,211,000 after buying an additional 50,564 shares during the last quarter. 87.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ATEX has been the topic of several research reports. Zacks Research cut Anterix from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. Weiss Ratings lowered Anterix from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, February 25th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $50.00.

Insider Transactions at Anterix

In related news, CEO Scott A. Lang bought 1,160 shares of the firm’s stock in a transaction on Thursday, December 18th. The stock was bought at an average cost of $21.61 per share, for a total transaction of $25,067.60. Following the completion of the purchase, the chief executive officer directly owned 8,260 shares in the company, valued at approximately $178,498.60. The trade was a 16.34% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 45.61% of the stock is owned by corporate insiders.

Anterix Stock Performance

Shares of NASDAQ:ATEX opened at $39.60 on Monday. The company’s fifty day moving average is $28.43 and its two-hundred day moving average is $23.75. Anterix Inc. has a 1-year low of $17.58 and a 1-year high of $40.34. The stock has a market capitalization of $741.83 million, a price-to-earnings ratio of 9.10 and a beta of 0.76.

Anterix (NASDAQ:ATEX) last posted its quarterly earnings results on Wednesday, February 11th. The company reported ($0.35) EPS for the quarter, beating the consensus estimate of ($0.57) by $0.22. Anterix had a net margin of 1,370.92% and a negative return on equity of 12.26%. The business had revenue of $1.57 million during the quarter, compared to analyst estimates of $1.47 million. Sell-side analysts expect that Anterix Inc. will post -1.53 EPS for the current fiscal 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.