Bank of New York Mellon Corp Boosts Stake in Anterix Inc. (NASDAQ:ATEX)

Bank of New York Mellon Corp lifted its holdings in shares of Anterix Inc. (NASDAQ:ATEX) by 8.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 50,605 shares of the company’s stock after acquiring an additional 3,752 shares during the quarter. Bank of New York Mellon Corp owned 0.27% of Anterix worth $2,003,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of ATEX. Motco acquired a new position in Anterix during the 1st quarter valued at approximately $44,000. Woodmont Investment Counsel LLC boosted its holdings 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 valued at $1,084,000 after acquiring an additional 1,314 shares during the period. Clearbridge Investments LLC grew its position in shares of Anterix by 0.6% during the fourth quarter. Clearbridge Investments LLC now owns 311,177 shares of the company’s stock worth $10,368,000 after acquiring an additional 1,979 shares during the last quarter. Gabelli Funds LLC increased its holdings in shares of Anterix by 4.3% in the 4th quarter. Gabelli Funds LLC now owns 135,100 shares of the company’s stock worth $4,502,000 after acquiring an additional 5,600 shares during the period. Finally, Vanguard Group Inc. lifted its position in 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 purchasing an additional 8,020 shares during the last quarter. 87.67% of the stock is owned by hedge funds and other institutional investors.

Anterix Stock Up 0.3 %

NASDAQ:ATEX opened at $39.08 on Wednesday. The stock has a fifty day simple moving average of $38.39 and a 200 day simple moving average of $35.18. The firm has a market capitalization of $726.50 million, a price-to-earnings ratio of -79.75 and a beta of 0.83. Anterix Inc. has a 1-year low of $28.70 and a 1-year 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 the consensus estimate of ($0.45) by ($0.39). The business had revenue of $1.53 million during the quarter, compared to analyst estimates of $1.64 million. Anterix had a negative return on equity of 27.91% and a negative net margin of 441.15%. During the same period last year, the business earned ($0.11) EPS. Equities analysts predict that Anterix Inc. will post -2.64 earnings per share for the current year.

Analysts Set New Price Targets

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

About Anterix

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.