14,406 Shares in Anterix Inc. $ATEX Acquired by FourThought Financial Partners LLC

FourThought Financial Partners LLC acquired a new stake in Anterix Inc. (NASDAQ:ATEX) in the third quarter, according to its most recent filing with the SEC. The fund acquired 14,406 shares of the company’s stock, valued at approximately $309,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Tower Research Capital LLC TRC lifted its position in shares of Anterix by 299.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,645 shares of the company’s stock worth $42,000 after acquiring an additional 1,233 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Anterix during the 3rd quarter valued at $57,000. BNP Paribas Financial Markets raised its stake in shares of Anterix by 119.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,404 shares of the company’s stock valued at $62,000 after purchasing an additional 1,308 shares during the period. Police & Firemen s Retirement System of New Jersey lifted its holdings in Anterix by 52.2% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 3,069 shares of the company’s stock worth $79,000 after purchasing an additional 1,052 shares in the last quarter. Finally, AlphaQuest LLC lifted its holdings in Anterix by 12.9% during the 3rd quarter. AlphaQuest LLC now owns 5,435 shares of the company’s stock worth $117,000 after purchasing an additional 619 shares in the last quarter. Institutional investors own 87.67% of the company’s stock.

Anterix Stock Performance

NASDAQ:ATEX opened at $38.77 on Thursday. Anterix Inc. has a 52-week low of $17.58 and a 52-week high of $40.33. The stock has a fifty day moving average of $29.46 and a 200 day moving average of $24.09. The firm has a market capitalization of $726.28 million, a price-to-earnings ratio of 8.91 and a beta of 0.76.

Anterix (NASDAQ:ATEX) last announced its earnings results on Wednesday, February 11th. The company reported ($0.35) earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.57 million for the quarter, compared to analyst estimates of $1.47 million. Equities analysts forecast that Anterix Inc. will post -1.53 earnings per share for the current fiscal year.

Insider Buying and Selling at Anterix

In related news, CEO Scott A. Lang bought 1,160 shares of the stock in a transaction that occurred on Thursday, December 18th. The shares were acquired at an average cost of $21.61 per share, with a total value of $25,067.60. Following the completion of the purchase, the chief executive officer directly owned 8,260 shares of the company’s stock, valued at $178,498.60. This trade represents a 16.34% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 45.61% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Zacks Research lowered Anterix from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 5th. Weiss Ratings lowered shares of Anterix from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, February 25th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $50.00.

About Anterix

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.