Versor Investments LP Acquires New Shares in Anterix Inc. $ATEX

Versor Investments LP acquired a new stake in shares of Anterix Inc. (NASDAQ:ATEX) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 13,900 shares of the company’s stock, valued at approximately $357,000. Versor Investments LP owned about 0.07% of Anterix at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ATEX. Scoggin Management LP purchased a new position in Anterix in the first quarter worth about $10,980,000. Nuveen LLC purchased a new position in Anterix in the first quarter worth about $7,204,000. Roubaix Capital LLC purchased a new position in Anterix in the first quarter worth about $5,918,000. AYAL Capital Advisors Ltd purchased a new position in Anterix in the first quarter worth about $3,611,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in Anterix in the second quarter worth about $1,588,000. 87.67% of the stock is owned by hedge funds and other institutional investors.

Anterix Price Performance

NASDAQ:ATEX opened at $18.81 on Thursday. Anterix Inc. has a 1 year low of $18.57 and a 1 year high of $42.91. The stock’s 50 day simple moving average is $21.37 and its two-hundred day simple moving average is $24.16. The company has a market cap of $352.50 million, a price-to-earnings ratio of 12.06 and a beta of 0.81.

Anterix (NASDAQ:ATEX) last released its quarterly earnings data on Tuesday, August 12th. The company reported ($0.48) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.54) by $0.06. Anterix had a negative return on equity of 23.87% and a net margin of 495.14%.The business had revenue of $1.42 million for the quarter, compared to the consensus estimate of $1.51 million. As a group, analysts anticipate that Anterix Inc. will post -1.53 EPS for the current year.

Insider Transactions at Anterix

In other news, CEO Scott A. Lang acquired 4,650 shares of Anterix stock in a transaction on Thursday, September 18th. The shares were acquired at an average price of $21.28 per share, with a total value of $98,952.00. Following the purchase, the chief executive officer directly owned 4,650 shares in the company, valued at $98,952. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 45.61% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently commented on the company. JPMorgan Chase & Co. decreased their price objective on Anterix from $67.00 to $50.00 and set an “overweight” rating on the stock in a research note on Friday, October 17th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Anterix in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded Anterix from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $50.00.

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.