Brown Advisory Inc. Makes New $732,000 Investment in Anterix Inc. (NASDAQ:ATEX)

Brown Advisory Inc. bought a new position in Anterix Inc. (NASDAQ:ATEX) in the first quarter, according to its most recent disclosure with the SEC. The firm bought 20,000 shares of the company’s stock, valued at approximately $732,000. Brown Advisory Inc. owned about 0.11% of Anterix as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Millennium Management LLC increased its position in shares of Anterix by 20.2% during the 4th quarter. Millennium Management LLC now owns 77,330 shares of the company’s stock worth $2,372,000 after purchasing an additional 13,017 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Anterix by 8.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,029 shares of the company’s stock worth $440,000 after purchasing an additional 949 shares during the last quarter. Sei Investments Co. acquired a new stake in shares of Anterix during the 4th quarter worth about $294,000. SG Americas Securities LLC increased its position in shares of Anterix by 23.6% during the 1st quarter. SG Americas Securities LLC now owns 25,192 shares of the company’s stock worth $922,000 after purchasing an additional 4,805 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Anterix during the 4th quarter worth about $254,000. 87.67% of the stock is owned by institutional investors and hedge funds.

Anterix Trading Down 1.9%

Shares of NASDAQ:ATEX opened at $23.50 on Tuesday. The business has a 50-day moving average price of $27.16 and a 200 day moving average price of $31.31. The company has a market capitalization of $439.45 million, a price-to-earnings ratio of -37.30 and a beta of 0.87. Anterix Inc. has a 12-month low of $23.40 and a 12-month high of $42.91.

Anterix (NASDAQ:ATEX) last announced its earnings results on Tuesday, June 24th. The company reported ($0.36) EPS for the quarter, beating analysts’ consensus estimates of ($0.48) by $0.12. Anterix had a negative return on equity of 29.71% and a negative net margin of 188.56%. The company had revenue of $1.39 million during the quarter, compared to analysts’ expectations of $1.71 million. During the same period last year, the business posted ($0.62) EPS. As a group, equities research analysts predict that Anterix Inc. will post -1.53 earnings per share for the current fiscal year.

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.