Short Interest in Anterix Inc. (NASDAQ:ATEX) Drops By 8.0%

Anterix Inc. (NASDAQ:ATEX - Get Free Report) saw a significant decline in short interest in September. As of September 30th, there was short interest totalling 672,900 shares, a decline of 8.0% from the September 15th total of 731,800 shares. Based on an average daily volume of 222,800 shares, the days-to-cover ratio is currently 3.0 days.

Institutional Trading of Anterix

A number of institutional investors have recently bought and sold shares of ATEX. Allspring Global Investments Holdings LLC acquired a new stake in shares of Anterix during the second quarter worth $28,000. Squarepoint Ops LLC grew its position in shares of Anterix by 4.6% during the 2nd quarter. Squarepoint Ops LLC now owns 26,261 shares of the company's stock worth $1,040,000 after buying an additional 1,159 shares during the period. Motco bought a new stake in shares of Anterix in the 1st quarter valued at about $44,000. Woodmont Investment Counsel LLC raised its position in shares of Anterix by 4.2% in the 1st quarter. Woodmont Investment Counsel LLC now owns 32,248 shares of the company's stock valued at $1,084,000 after acquiring an additional 1,314 shares during the period. Finally, AQR Capital Management LLC boosted its stake in Anterix by 17.2% during the 2nd quarter. AQR Capital Management LLC now owns 10,779 shares of the company's stock worth $427,000 after acquiring an additional 1,578 shares during the last quarter. Institutional investors and hedge funds own 87.67% of the company's stock.

Anterix Stock Up 0.6 %

ATEX stock opened at $32.78 on Wednesday. The business has a fifty day moving average of $36.85 and a 200-day moving average of $35.36. The company has a market cap of $608.69 million, a P/E ratio of -66.90 and a beta of 0.83. Anterix has a twelve month low of $28.70 and a twelve month high of $42.41.

Anterix (NASDAQ:ATEX - Get Free Report) last issued its earnings results on Tuesday, August 6th. The company reported ($0.84) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.45) by ($0.39). The business had revenue of $1.53 million during the quarter, compared to the consensus estimate of $1.64 million. Anterix had a negative net margin of 441.15% and a negative return on equity of 27.91%. During the same period last year, the business posted ($0.11) EPS. As a group, equities research analysts anticipate that Anterix will post -2.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ATEX. Craig Hallum upgraded Anterix to a "strong-buy" rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. boosted their target price on shares of Anterix from $60.00 to $61.00 and gave the stock an "overweight" rating in a research note on Thursday, August 8th.

Anterix Company 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.