Short Interest in Anterix Inc. (NASDAQ:ATEX) Declines By 8.0%

Anterix Inc. (NASDAQ:ATEX) was the target of a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 672,900 shares, a drop of 8.0% from the September 15th total of 731,800 shares. Based on an average daily volume of 222,800 shares, the days-to-cover ratio is currently 3.0 days.

Institutional Investors Weigh In On Anterix

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Anterix by 0.9% in the first quarter. Vanguard Group Inc. now owns 876,015 shares of the company’s stock valued at $29,443,000 after acquiring an additional 8,020 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in Anterix by 2.2% in the 1st quarter. Clearbridge Investments LLC now owns 318,021 shares of the company’s stock valued at $10,689,000 after purchasing an additional 6,844 shares in the last quarter. Roubaix Capital LLC lifted its holdings in Anterix by 7.0% in the 1st quarter. Roubaix Capital LLC now owns 178,543 shares of the company’s stock valued at $6,001,000 after purchasing an additional 11,666 shares in the last quarter. Gabelli Funds LLC boosted its stake in Anterix by 4.7% during the 2nd quarter. Gabelli Funds LLC now owns 140,422 shares of the company’s stock worth $5,559,000 after purchasing an additional 6,322 shares during the last quarter. Finally, Gamco Investors INC. ET AL grew its holdings in shares of Anterix by 24.2% during the first quarter. Gamco Investors INC. ET AL now owns 93,295 shares of the company’s stock worth $3,136,000 after buying an additional 18,195 shares in the last quarter. 87.67% of the stock is currently owned by institutional investors and hedge funds.

Anterix Price Performance

Shares of ATEX stock opened at $33.40 on Friday. The stock has a 50 day simple moving average of $36.66 and a 200-day simple moving average of $35.33. Anterix has a 1-year low of $28.70 and a 1-year high of $42.41. The company has a market cap of $620.20 million, a price-to-earnings ratio of -68.16 and a beta of 0.83.

Anterix (NASDAQ:ATEX) last posted 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 company had revenue of $1.53 million for the quarter, compared to analysts’ expectations of $1.64 million. Anterix had a negative net margin of 441.15% and a negative return on equity of 27.91%. During the same period in the previous year, the business earned ($0.11) earnings per share. Analysts anticipate that Anterix will post -2.64 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Craig Hallum upgraded shares of Anterix to a “strong-buy” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. increased their target price on shares of Anterix from $60.00 to $61.00 and gave the stock an “overweight” rating in a research note 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.