SBI Securities Co. Ltd. Increases Stock Holdings in Anterix Inc. $ATEX

SBI Securities Co. Ltd. increased its stake in shares of Anterix Inc. (NASDAQ:ATEX) by 374,815.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,983 shares of the company’s stock after buying an additional 74,963 shares during the quarter. SBI Securities Co. Ltd.’s holdings in Anterix were worth $1,610,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. AQR Capital Management LLC boosted its holdings in Anterix by 16.9% during the 1st quarter. AQR Capital Management LLC now owns 11,489 shares of the company’s stock worth $420,000 after acquiring an additional 1,659 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Anterix by 50.6% in the first quarter. Millennium Management LLC now owns 116,473 shares of the company’s stock valued at $4,263,000 after purchasing an additional 39,143 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Anterix by 17.7% during the first quarter. Goldman Sachs Group Inc. now owns 124,706 shares of the company’s stock valued at $4,564,000 after purchasing an additional 18,771 shares in the last quarter. Inspire Investing LLC lifted its position in shares of Anterix by 61.0% during the second quarter. Inspire Investing LLC now owns 15,158 shares of the company’s stock valued at $389,000 after purchasing an additional 5,744 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in Anterix during the second quarter worth about $48,000. 87.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ATEX has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their target price on shares of Anterix from $67.00 to $50.00 and set an “overweight” rating on the stock in a research report on Friday, October 17th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Anterix in a report on Wednesday, January 21st. Finally, Zacks Research upgraded Anterix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Anterix currently has an average rating of “Moderate Buy” and an average target price of $50.00.

Anterix Trading Down 4.3%

Shares of NASDAQ ATEX opened at $25.98 on Friday. The stock has a fifty day simple moving average of $23.03 and a two-hundred day simple moving average of $21.91. Anterix Inc. has a 1-year low of $17.58 and a 1-year high of $42.91. The firm has a market cap of $486.27 million, a price-to-earnings ratio of 5.08 and a beta of 0.86.

Anterix (NASDAQ:ATEX) last issued its quarterly earnings results on Wednesday, November 12th. The company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.65) by $0.51. The firm had revenue of $1.55 million for the quarter, compared to analysts’ expectations of $1.43 million. Anterix had a negative return on equity of 14.95% and a net margin of 1,614.08%. Analysts forecast that Anterix Inc. will post -1.53 EPS for the current year.

Insider Activity

In related news, insider Gena L. Ashe sold 6,564 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $21.07, for a total transaction of $138,303.48. Following the sale, the insider directly owned 13,366 shares in the company, valued at approximately $281,621.62. This represents a 32.94% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Scott A. Lang acquired 1,160 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The stock was acquired at an average cost of $21.61 per share, with a total value of $25,067.60. Following the completion of the acquisition, the chief executive officer owned 8,260 shares in the company, valued at $178,498.60. This trade represents a 16.34% increase in their position. The disclosure for this purchase is available in the SEC filing. 45.61% of the stock is owned by corporate insiders.

Anterix 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.