Anterix Inc. $ATEX Shares Purchased by AYAL Capital Advisors Ltd

AYAL Capital Advisors Ltd boosted its holdings in Anterix Inc. (NASDAQ:ATEX) by 143.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 240,171 shares of the company’s stock after buying an additional 141,500 shares during the period. Anterix accounts for approximately 1.5% of AYAL Capital Advisors Ltd’s holdings, making the stock its 12th largest holding. AYAL Capital Advisors Ltd owned approximately 1.28% of Anterix worth $6,160,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ATEX. FNY Investment Advisers LLC purchased a new position in shares of Anterix during the 2nd quarter worth about $48,000. Police & Firemen s Retirement System of New Jersey grew its holdings in Anterix by 52.2% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 3,069 shares of the company’s stock valued at $79,000 after purchasing an additional 1,052 shares during the period. AlphaQuest LLC increased its position in Anterix by 91.1% during the second quarter. AlphaQuest LLC now owns 4,816 shares of the company’s stock worth $124,000 after purchasing an additional 2,296 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Anterix by 12.4% during the second quarter. Russell Investments Group Ltd. now owns 5,760 shares of the company’s stock worth $148,000 after purchasing an additional 637 shares during the period. Finally, Central Pacific Bank Trust Division boosted its holdings in shares of Anterix by 71.4% in the 2nd quarter. Central Pacific Bank Trust Division now owns 6,000 shares of the company’s stock valued at $154,000 after purchasing an additional 2,500 shares during the last quarter. Hedge funds and other institutional investors own 87.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Anterix in a research report on Wednesday, October 8th. Wall Street Zen lowered Anterix from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th. Finally, JPMorgan Chase & Co. reduced their price objective on Anterix from $67.00 to $50.00 and set an “overweight” rating on the stock in a research note on Friday, October 17th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Anterix currently has an average rating of “Hold” and a consensus target price of $50.00.

Anterix Trading Up 2.7%

NASDAQ:ATEX opened at $23.00 on Friday. The firm’s fifty day simple moving average is $20.41 and its 200 day simple moving average is $22.59. Anterix Inc. has a twelve month low of $17.58 and a twelve month high of $42.91. The firm has a market capitalization of $430.49 million, a price-to-earnings ratio of 4.50 and a beta of 0.92.

Anterix (NASDAQ:ATEX) last released its quarterly earnings data on Wednesday, November 12th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.65) by $0.51. The company had revenue of $1.55 million for the quarter, compared to analyst estimates of $1.43 million. Anterix had a negative return on equity of 14.95% and a net margin of 1,614.08%. On average, analysts predict that Anterix Inc. will post -1.53 earnings per share for the current year.

Insider Activity

In related news, insider Gena L. Ashe sold 6,564 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $21.07, for a total transaction of $138,303.48. Following the transaction, the insider directly owned 13,366 shares of the company’s stock, valued at approximately $281,621.62. The trade was a 32.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Scott A. Lang purchased 2,450 shares of the firm’s stock in a transaction on Monday, December 8th. The stock was bought at an average price of $20.41 per share, with a total value of $50,004.50. Following the acquisition, the chief executive officer owned 7,100 shares in the company, valued at $144,911. This trade represents a 52.69% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 45.61% of the company’s stock.

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.