SG Americas Securities LLC Makes New Investment in Anterix Inc. $ATEX

SG Americas Securities LLC purchased a new position in Anterix Inc. (NASDAQ:ATEX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 48,509 shares of the company’s stock, valued at approximately $1,059,000.

Other institutional investors have also added to or reduced their stakes in the company. GABELLI & Co INVESTMENT ADVISERS INC. boosted its holdings in Anterix by 219.3% in the third quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 52,200 shares of the company’s stock worth $1,121,000 after acquiring an additional 35,850 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in shares of Anterix by 374,815.0% during the third quarter. SBI Securities Co. Ltd. now owns 74,983 shares of the company’s stock worth $1,610,000 after purchasing an additional 74,963 shares during the period. AYAL Capital Advisors Ltd lifted its holdings 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 period. Gamco Investors INC. ET AL lifted its holdings in shares of Anterix by 17.1% during the third quarter. Gamco Investors INC. ET AL now owns 320,070 shares of the company’s stock worth $6,872,000 after purchasing an additional 46,645 shares during the period. Finally, Gabelli Funds LLC lifted its holdings in shares of Anterix by 52.2% during the third quarter. Gabelli Funds LLC now owns 286,282 shares of the company’s stock worth $6,146,000 after purchasing an additional 98,130 shares during the period. Institutional investors and hedge funds own 87.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ATEX. Weiss Ratings raised Anterix from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, March 11th. Zacks Research cut Anterix from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $50.00.

Anterix Stock Performance

Shares of ATEX opened at $41.49 on Thursday. Anterix Inc. has a one year low of $17.58 and a one year high of $42.93. The stock has a market capitalization of $777.11 million, a price-to-earnings ratio of 9.54 and a beta of 0.70. The stock has a 50 day moving average price of $35.51 and a 200 day moving average price of $26.43.

Anterix (NASDAQ:ATEX) last issued its quarterly earnings results on Wednesday, February 11th. The company reported ($0.35) EPS for the quarter, topping the consensus estimate of ($0.57) by $0.22. Anterix had a negative return on equity of 12.26% and a net margin of 1,370.92%.The firm had revenue of $1.57 million during the quarter, compared to analysts’ expectations of $1.47 million. On average, analysts predict that Anterix Inc. will post -1.53 earnings per share for the current year.

Anterix Company 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.