Anterix (NASDAQ:ATEX) Issues Earnings Results

Anterix (NASDAQ:ATEX) released its earnings results on Tuesday. The company reported ($0.36) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.48) by $0.12, Zacks reports. Anterix had a negative return on equity of 30.35% and a negative net margin of 188.56%. The company had revenue of $1.39 million for the quarter, compared to analysts’ expectations of $1.71 million. During the same quarter in the previous year, the firm posted ($0.62) EPS.

Anterix Trading Down 6.9%

Shares of ATEX opened at $26.79 on Thursday. Anterix has a 12-month low of $25.32 and a 12-month high of $42.91. The stock has a market cap of $498.03 million, a P/E ratio of -42.52 and a beta of 0.88. The company has a 50-day moving average of $28.41 and a two-hundred day moving average of $31.93.

Hedge Funds Weigh In On Anterix

A number of institutional investors have recently modified their holdings of the company. AQR Capital Management LLC grew its position in shares of Anterix by 16.9% in the first quarter. AQR Capital Management LLC now owns 11,489 shares of the company’s stock valued at $420,000 after purchasing an additional 1,659 shares during the period. Millennium Management LLC grew its holdings in Anterix by 50.6% in the 1st quarter. Millennium Management LLC now owns 116,473 shares of the company’s stock valued at $4,263,000 after buying an additional 39,143 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in Anterix by 17.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 124,706 shares of the company’s stock valued at $4,564,000 after buying an additional 18,771 shares during the period. Institutional investors and hedge funds own 87.67% of the company’s stock.

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.