Roubaix Capital LLC Sells 69,600 Shares of Anterix Inc. (NASDAQ:ATEX)

Roubaix Capital LLC trimmed its position in Anterix Inc. (NASDAQ:ATEX - Free Report) by 47.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,032 shares of the company's stock after selling 69,600 shares during the quarter. Roubaix Capital LLC owned approximately 0.41% of Anterix worth $2,901,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Marshall Wace LLP lifted its position in shares of Anterix by 250.2% in the second quarter. Marshall Wace LLP now owns 58,652 shares of the company's stock worth $2,322,000 after purchasing an additional 41,905 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Anterix in the second quarter worth approximately $1,520,000. Renaissance Technologies LLC purchased a new stake in shares of Anterix in the second quarter worth approximately $1,334,000. Gamco Investors INC. ET AL lifted its position in shares of Anterix by 24.2% in the first quarter. Gamco Investors INC. ET AL now owns 93,295 shares of the company's stock worth $3,136,000 after purchasing an additional 18,195 shares in the last quarter. Finally, Janus Henderson Group PLC purchased a new stake in shares of Anterix in the first quarter worth approximately $430,000. 87.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ATEX has been the subject of a number of research analyst reports. Craig Hallum raised shares of Anterix to a "strong-buy" rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. increased their price target on shares of Anterix from $60.00 to $61.00 and gave the stock an "overweight" rating in a research report on Thursday, August 8th.

Anterix Price Performance

ATEX traded down $0.54 during midday trading on Thursday, hitting $32.48. 87,886 shares of the company's stock traded hands, compared to its average volume of 155,711. The company has a market cap of $603.97 million, a PE ratio of -66.29 and a beta of 0.83. The stock's fifty day simple moving average is $35.72 and its 200-day simple moving average is $35.35. Anterix Inc. has a one year low of $28.70 and a one year high of $42.41.

Anterix (NASDAQ:ATEX - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.84) earnings per share for the quarter, missing the consensus estimate of ($0.45) by ($0.39). The business had revenue of $1.53 million for 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 in the previous year, the business posted ($0.11) EPS. On average, research analysts expect that Anterix Inc. will post -2.64 EPS for the current year.

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.