Anterix Inc. (NASDAQ:ATEX) Short Interest Down 10.9% in July

Anterix Inc. (NASDAQ:ATEX) saw a significant decline in short interest during the month of July. As of July 31st, there was short interest totalling 700,600 shares, a decline of 10.9% from the July 15th total of 786,000 shares. Based on an average trading volume of 144,700 shares, the days-to-cover ratio is currently 4.8 days.

Institutional Trading of Anterix

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new stake in Anterix during the second quarter worth approximately $1,520,000. Gamco Investors INC. ET AL raised its holdings in Anterix by 24.2% during 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. Woodmont Investment Counsel LLC raised its holdings in Anterix by 4.2% during the first quarter. Woodmont Investment Counsel LLC now owns 32,248 shares of the company’s stock worth $1,084,000 after purchasing an additional 1,314 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Anterix by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 876,015 shares of the company’s stock valued at $29,443,000 after acquiring an additional 8,020 shares during the period. Finally, Janus Henderson Group PLC acquired a new position in shares of Anterix in the 1st quarter valued at $430,000. Institutional investors and hedge funds own 87.67% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lifted their price target 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 Stock Down 0.5 %

Shares of Anterix stock opened at $38.44 on Monday. Anterix has a 52-week low of $28.70 and a 52-week high of $42.41. The company has a 50 day moving average of $37.16 and a 200 day moving average of $34.91. The company has a market capitalization of $714.60 million, a P/E ratio of -78.45 and a beta of 0.86.

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