California State Teachers Retirement System Reduces Position in Anterix Inc. (NASDAQ:ATEX)

California State Teachers Retirement System decreased its stake in shares of Anterix Inc. (NASDAQ:ATEX) by 6.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,343 shares of the company’s stock after selling 1,111 shares during the period. California State Teachers Retirement System owned 0.08% of Anterix worth $920,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in ATEX. Advisor Group Holdings Inc. purchased a new position in Anterix during the second quarter worth $33,000. Nisa Investment Advisors LLC increased its position in Anterix by 290.9% during the second quarter. Nisa Investment Advisors LLC now owns 1,075 shares of the company’s stock worth $64,000 after buying an additional 800 shares in the last quarter. Emerald Advisers LLC purchased a new position in Anterix during the second quarter worth $66,000. Ergoteles LLC purchased a new stake in shares of Anterix in the second quarter valued at $204,000. Finally, HRT Financial LP purchased a new stake in shares of Anterix in the first quarter valued at $234,000. 83.99% of the stock is owned by institutional investors.

Shares of Anterix stock opened at $61.51 on Thursday. Anterix Inc. has a twelve month low of $28.60 and a twelve month high of $66.55. The stock has a market capitalization of $1.13 billion, a P/E ratio of -23.21 and a beta of 0.44. The business’s fifty day moving average price is $61.18 and its 200 day moving average price is $57.84.

Anterix (NASDAQ:ATEX) last issued its quarterly earnings data on Wednesday, November 3rd. The company reported ($0.67) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.68) by $0.01. The company had revenue of $0.18 million for the quarter, compared to analysts’ expectations of $0.18 million. Anterix had a negative return on equity of 22.27% and a negative net margin of 6,017.29%. During the same quarter in the previous year, the firm posted ($0.94) earnings per share. As a group, analysts predict that Anterix Inc. will post -2.08 EPS for the current fiscal year.

In related news, CEO Robert Harris Schwartz sold 10,505 shares of Anterix stock in a transaction dated Tuesday, September 14th. The shares were sold at an average price of $58.07, for a total transaction of $610,025.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Hamid Akhavan purchased 2,500 shares of the company’s stock in a transaction on Tuesday, November 16th. The stock was acquired at an average price of $61.04 per share, for a total transaction of $152,600.00. The disclosure for this purchase can be found here. In the last quarter, insiders sold 62,831 shares of company stock worth $3,566,350. Insiders own 4.05% of the company’s stock.

A number of brokerages have recently commented on ATEX. Morgan Stanley lifted their price objective on Anterix from $51.00 to $65.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 4th. Zacks Investment Research upgraded Anterix from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a report on Monday. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $65.67.

About Anterix

Anterix, Inc operates as a wireless communications company. The firm focuses on commercializing spectrum assets to enable targeted utility and critical infrastructure customers to deploy private broadband networks, technologies and solutions. It’s solutions include Private LTE and Active Ecosystem. The company was founded by Peter Joel Lasensky and Richard Edward Rohmann in 1997 and is headquartered in Woodland Park, NJ.

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Institutional Ownership by Quarter for Anterix (NASDAQ:ATEX)

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