GABELLI & Co INVESTMENT ADVISERS INC. Has $1.12 Million Holdings in Anterix Inc. $ATEX

GABELLI & Co INVESTMENT ADVISERS INC. grew its stake in Anterix Inc. (NASDAQ:ATEX) by 219.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 52,200 shares of the company’s stock after purchasing an additional 35,850 shares during the quarter. GABELLI & Co INVESTMENT ADVISERS INC. owned about 0.28% of Anterix worth $1,121,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in ATEX. AYAL Capital Advisors Ltd increased its stake in Anterix by 143.4% during the 2nd quarter. AYAL Capital Advisors Ltd now owns 240,171 shares of the company’s stock worth $6,160,000 after purchasing an additional 141,500 shares in the last quarter. SBI Securities Co. Ltd. increased its stake in Anterix by 374,815.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 74,983 shares of the company’s stock valued at $1,610,000 after buying an additional 74,963 shares during the last quarter. Gamco Investors INC. ET AL increased its position in shares of Anterix by 35.0% during the 2nd quarter. Gamco Investors INC. ET AL now owns 273,425 shares of the company’s stock worth $7,013,000 after purchasing an additional 70,855 shares during the last quarter. Marshall Wace LLP increased its stake in shares of Anterix by 51.2% during the 2nd quarter. Marshall Wace LLP now owns 188,980 shares of the company’s stock worth $4,847,000 after purchasing an additional 63,983 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its stake in shares of Anterix by 33.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 203,144 shares of the company’s stock worth $5,211,000 after acquiring an additional 50,564 shares during the period. Institutional investors own 87.67% of the company’s stock.

Anterix Stock Up 1.5%

Shares of ATEX stock opened at $39.60 on Friday. Anterix Inc. has a twelve month low of $17.58 and a twelve month high of $40.34. The stock’s fifty day simple moving average is $28.43 and its 200 day simple moving average is $23.72. The firm has a market capitalization of $741.71 million, a P/E ratio of 9.10 and a beta of 0.76.

Anterix (NASDAQ:ATEX) last announced its quarterly earnings results on Wednesday, February 11th. The company reported ($0.35) EPS for the quarter, beating analysts’ consensus estimates of ($0.57) by $0.22. The firm had revenue of $1.57 million for the quarter, compared to analyst estimates of $1.47 million. Anterix had a negative return on equity of 12.26% and a net margin of 1,370.92%. As a group, equities research analysts expect that Anterix Inc. will post -1.53 EPS for the current fiscal year.

Insider Activity

In related news, CEO Scott A. Lang acquired 2,450 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The shares were bought at an average cost of $20.41 per share, with a total value of $50,004.50. Following the completion of the purchase, the chief executive officer directly owned 7,100 shares in the company, valued at $144,911. The trade was a 52.69% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 45.61% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ATEX. Zacks Research lowered Anterix from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. Weiss Ratings downgraded Anterix from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $50.00.

Anterix Company Profile

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.