Anterix (NASDAQ:ATEX) Posts Quarterly Earnings Results, Misses Expectations By $0.27 EPS

Anterix (NASDAQ:ATEX) announced its quarterly earnings data on Wednesday. The company reported ($0.51) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.27), reports. Anterix had a negative net margin of 217.80% and a negative return on equity of 18.42%. The company had revenue of $1.26 million during the quarter, compared to analyst estimates of $1.52 million.

Anterix Stock Performance

NASDAQ:ATEX opened at $36.29 on Friday. The firm has a 50-day moving average price of $32.13 and a two-hundred day moving average price of $33.08. Anterix has a twelve month low of $27.20 and a twelve month high of $40.45.

Insider Buying and Selling at Anterix

In other Anterix news, CFO Timothy Gray sold 16,667 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $31.91, for a total transaction of $531,843.97. Following the completion of the transaction, the chief financial officer now directly owns 90,475 shares in the company, valued at approximately $2,887,057.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 31.71% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Anterix

Hedge funds and other institutional investors have recently modified their holdings of the company. Swiss National Bank grew its holdings in Anterix by 2.4% in the third quarter. Swiss National Bank now owns 29,350 shares of the company’s stock valued at $921,000 after purchasing an additional 700 shares during the period. Motco purchased a new stake in Anterix in the first quarter valued at approximately $44,000. Woodmont Investment Counsel LLC grew its holdings in Anterix by 4.2% in the first quarter. Woodmont Investment Counsel LLC now owns 32,248 shares of the company’s stock valued at $1,084,000 after purchasing an additional 1,314 shares during the period. Clearbridge Investments LLC grew its holdings in Anterix by 0.6% in the fourth quarter. Clearbridge Investments LLC now owns 311,177 shares of the company’s stock valued at $10,368,000 after purchasing an additional 1,979 shares during the period. Finally, Roubaix Capital LLC grew its holdings in Anterix by 2.1% in the fourth quarter. Roubaix Capital LLC now owns 166,877 shares of the company’s stock valued at $5,560,000 after purchasing an additional 3,485 shares during the period. 87.67% of the stock is currently owned by hedge funds and other institutional investors.

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.