Anterix Inc. (NASDAQ:ATEX – Get Rating) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totalling 670,100 shares, a drop of 14.1% from the July 15th total of 779,800 shares. Based on an average trading volume of 76,500 shares, the short-interest ratio is currently 8.8 days.
Insider Activity at Anterix
In other news, insider Gena L. Ashe sold 5,680 shares of the stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $42.87, for a total value of $243,501.60. Following the completion of the sale, the insider now owns 34,312 shares of the company’s stock, valued at approximately $1,470,955.44. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Gena L. Ashe sold 5,680 shares of the company’s stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $42.87, for a total transaction of $243,501.60. Following the completion of the sale, the insider now owns 34,312 shares in the company, valued at $1,470,955.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Morgan E. Obrien sold 25,000 shares of the company’s stock in a transaction on Wednesday, June 15th. The shares were sold at an average price of $40.03, for a total value of $1,000,750.00. Following the transaction, the chairman now directly owns 34,313 shares in the company, valued at approximately $1,373,549.39. The disclosure for this sale can be found here. 3.53% of the stock is currently owned by corporate insiders.
Institutional Trading of Anterix
Several hedge funds have recently bought and sold shares of the stock. Kirr Marbach & Co. LLC IN lifted its position in shares of Anterix by 5.7% in the first quarter. Kirr Marbach & Co. LLC IN now owns 61,722 shares of the company’s stock worth $3,574,000 after buying an additional 3,353 shares in the last quarter. PenderFund Capital Management Ltd. purchased a new position in Anterix in the 4th quarter valued at about $52,000. Stonehill Capital Management LLC lifted its stake in Anterix by 59.2% in the 4th quarter. Stonehill Capital Management LLC now owns 560,317 shares of the company’s stock worth $32,924,000 after purchasing an additional 208,373 shares in the last quarter. SG Americas Securities LLC increased its holdings in Anterix by 166.7% in the 4th quarter. SG Americas Securities LLC now owns 61,716 shares of the company’s stock valued at $3,626,000 after purchasing an additional 38,572 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new stake in Anterix in the 1st quarter valued at approximately $127,000. Institutional investors own 82.68% of the company’s stock.
Anterix Trading Up 1.1 %
Shares of NASDAQ:ATEX opened at $48.67 on Friday. The stock has a fifty day simple moving average of $42.38 and a two-hundred day simple moving average of $49.38. Anterix has a 12-month low of $37.70 and a 12-month high of $66.55.
Anterix (NASDAQ:ATEX – Get Rating) last issued its quarterly earnings data on Friday, May 20th. The company reported ($0.60) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.54). Anterix had a negative return on equity of 25.44% and a negative net margin of 3,957.07%. The firm had revenue of $0.34 million during the quarter, compared to the consensus estimate of $1.15 million. Research analysts predict that Anterix will post -2.51 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, technologies, and solutions. It holds licensed spectrum in the 900 MHz band with coverage throughout the United States, Alaska, Hawaii, and Puerto Rico.