Anterix (NASDAQ:ATEX) Sees Unusually-High Trading Volume

Anterix Inc. (NASDAQ:ATEX) saw unusually-high trading volume on Monday . Approximately 157,959 shares traded hands during trading, an increase of 22% from the previous session’s volume of 129,296 shares.The stock last traded at $38.94 and had previously closed at $38.44.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. increased their target price on Anterix from $60.00 to $61.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th.

Anterix Stock Performance

The stock’s 50-day moving average price is $37.16 and its two-hundred day moving average price is $34.91. The stock has a market capitalization of $724.08 million, a PE ratio of -78.22 and a beta of 0.86.

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). Anterix had a negative return on equity of 27.91% and a negative net margin of 441.15%. The business had revenue of $1.53 million for the quarter, compared to the consensus estimate of $1.64 million. During the same period in the previous year, the firm earned ($0.11) EPS. On average, analysts predict that Anterix Inc. will post -2.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Anterix

Several hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC bought a new position in shares of Anterix in the second quarter worth approximately $28,000. Motco purchased a new position in Anterix in the 1st quarter worth approximately $44,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Anterix in the 2nd quarter valued at approximately $92,000. Jupiter Asset Management Ltd. bought a new position in Anterix in the 2nd quarter valued at approximately $200,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in Anterix during the 2nd quarter valued at $203,000. 87.67% of the stock is owned by institutional investors.

Anterix Company 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.