Strs Ohio Acquires 15,100 Shares of Anterix Inc. $ATEX

Strs Ohio boosted its holdings in shares of Anterix Inc. (NASDAQ:ATEX) by 132.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,500 shares of the company’s stock after acquiring an additional 15,100 shares during the quarter. Strs Ohio owned 0.14% of Anterix worth $578,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ATEX. GABELLI & Co INVESTMENT ADVISERS INC. boosted its stake in shares of Anterix by 219.3% in the 3rd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 52,200 shares of the company’s stock valued at $1,121,000 after purchasing an additional 35,850 shares during the last quarter. SBI Securities Co. Ltd. boosted its stake in shares of Anterix by 374,815.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 74,983 shares of the company’s stock valued at $1,610,000 after purchasing an additional 74,963 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Anterix in the 4th quarter valued at $1,059,000. Gamco Investors INC. ET AL boosted its stake in shares of Anterix by 17.1% in the 3rd quarter. Gamco Investors INC. ET AL now owns 320,070 shares of the company’s stock valued at $6,872,000 after purchasing an additional 46,645 shares during the last quarter. Finally, Gabelli Funds LLC boosted its stake in shares of Anterix by 52.2% in the 3rd quarter. Gabelli Funds LLC now owns 286,282 shares of the company’s stock valued at $6,146,000 after purchasing an additional 98,130 shares during the last quarter. 87.67% of the stock is owned by institutional investors.

Anterix Stock Up 5.1%

Anterix stock opened at $55.92 on Friday. Anterix Inc. has a 12-month low of $17.58 and a 12-month high of $56.10. The firm’s fifty day moving average is $40.57 and its 200 day moving average is $29.41. The company has a market capitalization of $1.05 billion, a PE ratio of 12.86 and a beta of 0.86.

Anterix (NASDAQ:ATEX) last released its earnings results on Wednesday, February 11th. The company reported ($0.35) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.57) by $0.22. Anterix had a net margin of 1,370.92% and a negative return on equity of 12.26%. The company had revenue of $1.57 million for the quarter, compared to the consensus estimate of $1.47 million. Sell-side analysts expect that Anterix Inc. will post -1.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Zacks Research lowered shares of Anterix from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. Weiss Ratings raised shares of Anterix from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Anterix has an average rating of “Hold” and an average target price of $50.00.

Anterix Profile

Anterix, Inc is a specialized telecommunications company focused on delivering private broadband networks for utilities and other critical infrastructure industries. The company owns and operates dedicated 900 MHz spectrum that enables reliable, secure and high-performance wireless communications to support grid modernization, smart metering, distribution automation and other mission-critical applications. By leveraging this spectrum, Anterix helps electric, water and gas utilities deploy advanced communications capabilities to enhance operational efficiency and resiliency.

At the core of Anterix’s offering is its licensed 900 MHz spectrum, which provides superior propagation characteristics compared with unlicensed options and allows for cost-effective coverage over expansive service territories.