Anterix Inc. $ATEX Shares Sold by Rhumbline Advisers

Rhumbline Advisers decreased its position in Anterix Inc. (NASDAQ:ATEX) by 20.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,383 shares of the company’s stock after selling 4,331 shares during the quarter. Rhumbline Advisers owned about 0.09% of Anterix worth $600,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Brown Advisory Inc. acquired a new stake in shares of Anterix in the first quarter valued at $732,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Anterix by 8.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 12,029 shares of the company’s stock valued at $440,000 after buying an additional 949 shares during the period. Millennium Management LLC lifted its holdings in shares of Anterix by 20.2% in the fourth quarter. Millennium Management LLC now owns 77,330 shares of the company’s stock valued at $2,372,000 after buying an additional 13,017 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Anterix by 23.6% in the first quarter. SG Americas Securities LLC now owns 25,192 shares of the company’s stock valued at $922,000 after buying an additional 4,805 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of Anterix in the first quarter valued at $7,204,000. Institutional investors and hedge funds own 87.67% of the company’s stock.

Anterix Trading Up 4.1%

Shares of Anterix stock opened at $23.17 on Tuesday. Anterix Inc. has a 1 year low of $20.61 and a 1 year high of $42.91. The stock has a 50-day moving average price of $22.11 and a 200 day moving average price of $27.43. The company has a market cap of $434.21 million, a P/E ratio of 14.85 and a beta of 0.91.

Anterix (NASDAQ:ATEX) last issued its earnings results on Tuesday, August 12th. The company reported ($0.48) earnings per share for the quarter, topping the consensus estimate of ($0.54) by $0.06. Anterix had a negative return on equity of 23.87% and a net margin of 495.14%.The company had revenue of $1.42 million for the quarter, compared to analyst estimates of $1.51 million. On average, equities analysts forecast that Anterix Inc. will post -1.53 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Scott A. Lang bought 4,650 shares of the company’s stock in a transaction on Thursday, September 18th. The shares were bought at an average cost of $21.28 per share, with a total value of $98,952.00. Following the transaction, the chief executive officer directly owned 4,650 shares in the company, valued at approximately $98,952. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 45.61% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Anterix from a “hold” rating to a “sell” rating in a report on Saturday, August 16th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Strong Buy” and a consensus target price of $67.00.

About Anterix

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.