Vanguard Group Inc. Has $26.09 Million Stake in Anterix Inc. (NASDAQ:ATEX)

Vanguard Group Inc. lifted its stake in shares of Anterix Inc. (NASDAQ:ATEX) by 1.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 831,320 shares of the company’s stock after purchasing an additional 11,678 shares during the period. Vanguard Group Inc.’s holdings in Anterix were worth $26,087,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Royal Bank of Canada lifted its position in shares of Anterix by 49.6% during the second quarter. Royal Bank of Canada now owns 1,690 shares of the company’s stock worth $53,000 after purchasing an additional 560 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of Anterix by 93.9% during the fourth quarter. Lazard Asset Management LLC now owns 3,107 shares of the company’s stock worth $99,000 after purchasing an additional 1,505 shares in the last quarter. Barclays PLC lifted its position in shares of Anterix by 533.8% during the fourth quarter. Barclays PLC now owns 4,944 shares of the company’s stock worth $159,000 after purchasing an additional 4,164 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Anterix by 7.0% during the second quarter. Legal & General Group Plc now owns 4,454 shares of the company’s stock worth $183,000 after purchasing an additional 292 shares in the last quarter. Finally, Citigroup Inc. lifted its position in shares of Anterix by 1,639.2% during the second quarter. Citigroup Inc. now owns 5,809 shares of the company’s stock worth $184,000 after purchasing an additional 5,475 shares in the last quarter. 87.67% of the stock is currently owned by institutional investors and hedge funds.

Anterix Price Performance

ATEX opened at $32.13 on Friday. The company has a market cap of $595.05 million, a price-to-earnings ratio of 38.25 and a beta of 0.68. The firm has a 50 day simple moving average of $34.83 and a 200 day simple moving average of $32.90. Anterix Inc. has a fifty-two week low of $27.20 and a fifty-two week high of $40.45.

Anterix (NASDAQ:ATEX) last posted its quarterly earnings results on Wednesday, February 14th. The company reported ($0.55) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.61) by $0.06. The business had revenue of $1.27 million during the quarter, compared to the consensus estimate of $1.20 million. Anterix had a net margin of 447.16% and a negative return on equity of 17.22%. As a group, analysts expect that Anterix Inc. will post -0.23 EPS for the current year.

Analyst Upgrades and Downgrades

ATEX has been the subject of a number of recent research reports. TheStreet raised shares of Anterix from a “d+” rating to a “c-” rating in a research note on Wednesday, February 28th. B. Riley reissued a “buy” rating and set a $75.00 price target on shares of Anterix in a research note on Friday, February 16th.

Anterix Profile

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.