Renaissance Technologies LLC Makes New Investment in Anterix Inc. (NASDAQ:ATEX)

Renaissance Technologies LLC acquired a new position in shares of Anterix Inc. (NASDAQ:ATEX) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 33,700 shares of the company’s stock, valued at approximately $1,334,000. Renaissance Technologies LLC owned 0.18% of Anterix as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of ATEX. SG Americas Securities LLC purchased a new stake in shares of Anterix in the second quarter valued at about $1,520,000. Gamco Investors INC. ET AL raised its holdings in 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 acquiring an additional 18,195 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Anterix by 8.0% in the second quarter. Bank of New York Mellon Corp now owns 50,605 shares of the company’s stock valued at $2,003,000 after purchasing an additional 3,752 shares during the last quarter. Vanguard Group Inc. increased its stake in Anterix by 0.9% in the first 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. Finally, Woodmont Investment Counsel LLC increased its stake 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 last quarter. Hedge funds and other institutional investors own 87.67% of the company’s stock.

Anterix Price Performance

NASDAQ:ATEX opened at $35.66 on Friday. The firm’s fifty day moving average price is $37.67 and its 200 day moving average price is $35.38. Anterix Inc. has a 1-year low of $28.70 and a 1-year high of $42.41. The firm has a market cap of $662.17 million, a price-to-earnings ratio of -72.78 and a beta of 0.83.

Anterix (NASDAQ:ATEX) last released 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). 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 during the quarter, compared to analyst estimates of $1.64 million. During the same period last year, the business posted ($0.11) EPS. As a group, analysts expect that Anterix Inc. will post -2.64 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. raised 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.

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.