Anterix Inc. (NASDAQ:ATEX) Short Interest Down 19.2% in July

Anterix Inc. (NASDAQ:ATEX) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totalling 786,000 shares, a decline of 19.2% from the June 30th total of 972,600 shares. Based on an average daily volume of 146,400 shares, the days-to-cover ratio is presently 5.4 days.

Insider Transactions at Anterix

In other news, CFO Timothy Gray sold 16,667 shares of Anterix stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $31.91, for a total value of $531,843.97. Following the completion of the transaction, the chief financial officer now owns 90,475 shares of the company’s stock, valued at approximately $2,887,057.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 45.61% of the stock is owned by insiders.

Hedge Funds Weigh In On Anterix

A number of hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC bought a new stake in shares of Anterix during the 2nd quarter valued at about $28,000. Motco bought a new stake in shares of Anterix during the 1st quarter valued at about $44,000. Los Angeles Capital Management LLC bought a new stake in shares of Anterix during the 1st quarter valued at about $302,000. Janus Henderson Group PLC bought a new stake in shares of Anterix during the 1st quarter valued at about $430,000. Finally, Woodmont Investment Counsel LLC grew its stake in shares of Anterix by 4.2% during the 1st 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. Hedge funds and other institutional investors own 87.67% of the company’s stock.

Anterix Trading Up 0.8 %

NASDAQ:ATEX traded up $0.33 during mid-day trading on Tuesday, reaching $40.44. The company’s stock had a trading volume of 21,759 shares, compared to its average volume of 124,704. Anterix has a 12-month low of $27.20 and a 12-month high of $42.41. The firm’s fifty day moving average price is $35.66 and its two-hundred day moving average price is $34.08. The stock has a market cap of $750.97 million, a P/E ratio of -82.30 and a beta of 0.86.

Anterix (NASDAQ:ATEX) last issued its earnings results on Wednesday, June 26th. The company reported ($0.51) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.27). Anterix had a negative return on equity of 18.84% and a negative net margin of 217.80%. The business had revenue of $1.26 million during the quarter, compared to analysts’ expectations of $1.52 million. Analysts predict that Anterix will post -2.02 earnings per share for the current fiscal 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.