Point72 Asia Singapore Pte. Ltd. Takes $92,000 Position in Anterix Inc. (NASDAQ:ATEX)

Point72 Asia Singapore Pte. Ltd. purchased a new position in Anterix Inc. (NASDAQ:ATEX) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,314 shares of the company’s stock, valued at approximately $92,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in ATEX. Allspring Global Investments Holdings LLC bought a new stake in Anterix in the second quarter worth $28,000. Motco purchased a new position in shares of Anterix in the 1st quarter worth about $44,000. Jupiter Asset Management Ltd. purchased a new position in shares of Anterix in the 2nd quarter worth about $200,000. The Manufacturers Life Insurance Company bought a new position in Anterix in the 2nd quarter worth about $203,000. Finally, Los Angeles Capital Management LLC purchased a new stake in Anterix during the 1st quarter valued at about $302,000. Hedge funds and other institutional investors own 87.67% of the company’s stock.

Analyst Upgrades and Downgrades

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

Anterix Trading Down 1.8 %

Shares of ATEX opened at $35.66 on Friday. The company has a market cap of $662.92 million, a price-to-earnings ratio of -72.77 and a beta of 0.83. The business’s fifty day simple moving average is $37.67 and its two-hundred day simple moving average is $35.37. Anterix Inc. has a 12 month low of $28.70 and a 12 month high of $42.41.

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

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.