Anterix Inc. (NASDAQ:ATEX – Get Free Report) 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 %
Anterix (NASDAQ:ATEX – Get Free Report) 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.
Featured Articles
- Five stocks we like better than Anterix
- Which Wall Street Analysts are the Most Accurate?
- AbbVie Analysts Lead the Stock Higher as Humira Worries Recede
- 3 Stocks to Consider Buying in October
- Harley-Davidson Stock Revs Up With Billion Dollar Buyback Program
- What Are Growth Stocks and Investing in Them
- Cruise Line Stock Sinks Despite Beating EPS and Raised Guidance
Receive News & Ratings for Anterix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anterix and related companies with MarketBeat.com's FREE daily email newsletter.