Jefferson Bridge Capital LLC Acquires Shares of 12,950 Anterix Inc. $ATEX

Jefferson Bridge Capital LLC acquired a new stake in Anterix Inc. (NASDAQ:ATEX) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 12,950 shares of the company’s stock, valued at approximately $283,000. Jefferson Bridge Capital LLC owned 0.07% of Anterix as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in ATEX. Tower Research Capital LLC TRC grew its stake in Anterix by 299.3% in the second quarter. Tower Research Capital LLC TRC now owns 1,645 shares of the company’s stock valued at $42,000 after acquiring an additional 1,233 shares during the period. Quantbot Technologies LP acquired a new stake in Anterix in the third quarter valued at approximately $57,000. BNP Paribas Financial Markets grew its stake in Anterix by 119.3% in the second quarter. BNP Paribas Financial Markets now owns 2,404 shares of the company’s stock valued at $62,000 after acquiring an additional 1,308 shares during the period. Virtus Advisers LLC acquired a new stake in Anterix in the third quarter valued at approximately $75,000. Finally, AlphaQuest LLC grew its stake in Anterix by 12.9% in the third quarter. AlphaQuest LLC now owns 5,435 shares of the company’s stock valued at $117,000 after acquiring an additional 619 shares during the period. Institutional investors and hedge funds own 87.67% of the company’s stock.

Anterix Trading Up 1.9%

ATEX stock opened at $41.15 on Wednesday. The stock’s fifty day simple moving average is $35.24 and its two-hundred day simple moving average is $26.33. Anterix Inc. has a 1-year low of $17.58 and a 1-year high of $41.40. The stock has a market cap of $770.86 million, a P/E ratio of 9.46 and a beta of 0.70.

Anterix (NASDAQ:ATEX) last posted its quarterly earnings data on Wednesday, February 11th. The company reported ($0.35) earnings per share for the quarter, topping the consensus estimate of ($0.57) by $0.22. Anterix had a negative return on equity of 12.26% and a net margin of 1,370.92%.The business had revenue of $1.57 million for the quarter, compared to analysts’ expectations of $1.47 million. As a group, analysts forecast that Anterix Inc. will post -1.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ATEX shares. Weiss Ratings raised Anterix from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, March 11th. Zacks Research cut Anterix from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $50.00.

Anterix Company 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.