Jupiter Asset Management Ltd. Makes New Investment in Anterix Inc. (NASDAQ:ATEX)

Jupiter Asset Management Ltd. bought a new position in Anterix Inc. (NASDAQ:ATEX) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 5,057 shares of the company’s stock, valued at approximately $200,000.

A number of other hedge funds have also bought and sold shares of ATEX. SG Americas Securities LLC purchased a new position in Anterix in the 2nd quarter worth about $1,520,000. Gamco Investors INC. ET AL grew its holdings in shares of Anterix by 24.2% in the first quarter. Gamco Investors INC. ET AL now owns 93,295 shares of the company’s stock valued at $3,136,000 after purchasing an additional 18,195 shares in the last quarter. Heard Capital LLC grew its holdings in shares of Anterix by 0.9% in the fourth quarter. Heard Capital LLC now owns 1,829,551 shares of the company’s stock valued at $60,961,000 after purchasing an additional 16,420 shares in the last quarter. Janus Henderson Group PLC purchased a new position in shares of Anterix in the first quarter valued at $430,000. Finally, Roubaix Capital LLC grew its holdings in shares of Anterix by 7.0% in the first quarter. Roubaix Capital LLC now owns 178,543 shares of the company’s stock valued at $6,001,000 after purchasing an additional 11,666 shares in the last quarter. Hedge funds and other institutional investors own 87.67% of the company’s stock.

Anterix Stock Down 0.2 %

NASDAQ ATEX opened at $38.65 on Friday. The company has a fifty day moving average of $38.44 and a two-hundred day moving average of $35.20. The firm has a market capitalization of $717.69 million, a price-to-earnings 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 posted 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). The firm had revenue of $1.53 million for the quarter, compared to analysts’ expectations 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 in the previous year, the firm earned ($0.11) earnings per share. Equities research analysts anticipate that Anterix Inc. will post -2.64 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. raised their target price on shares of Anterix from $60.00 to $61.00 and gave the company an “overweight” rating in a 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.