Jupiter Asset Management Ltd. Invests $200,000 in Anterix Inc. (NASDAQ:ATEX)

Jupiter Asset Management Ltd. bought a new position in shares of Anterix Inc. (NASDAQ:ATEX) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 5,057 shares of the company’s stock, valued at approximately $200,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Anterix during the second quarter worth $28,000. Motco purchased a new stake in shares of Anterix during the first quarter worth about $44,000. Los Angeles Capital Management LLC purchased a new stake in shares of Anterix during the first quarter worth about $302,000. Janus Henderson Group PLC purchased a new stake in shares of Anterix during the first quarter worth about $430,000. Finally, Woodmont Investment Counsel LLC grew its stake in shares of 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 acquiring an additional 1,314 shares during the last quarter. 87.67% of the stock is currently owned by institutional investors.

Anterix Stock Down 0.2 %

Shares of NASDAQ ATEX opened at $38.65 on Friday. The business’s 50 day moving average price is $38.44 and its 200 day moving average price is $35.20. The firm has a market cap of $717.69 million, a P/E ratio of -78.88 and a beta of 0.83. Anterix Inc. has a 52 week low of $28.70 and a 52 week high of $42.41.

Anterix (NASDAQ:ATEX) last issued its earnings results on Tuesday, August 6th. The company reported ($0.84) EPS for the quarter, missing analysts’ consensus estimates of ($0.45) by ($0.39). The firm had revenue of $1.53 million during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the company earned ($0.11) EPS. As a group, research analysts expect that Anterix Inc. will post -2.64 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. upped their target price on Anterix from $60.00 to $61.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th.

Anterix 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.