Anterix Inc (NASDAQ:ATEX) Short Interest Up 17.2% in October

Anterix Inc (NASDAQ:ATEX) saw a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 918,000 shares, a growth of 17.2% from the September 30th total of 783,400 shares. Approximately 6.7% of the company’s stock are short sold. Based on an average daily volume of 108,800 shares, the short-interest ratio is currently 8.4 days.

In other news, major shareholder Stephen Feinberg sold 1,000,000 shares of Anterix stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $43.50, for a total transaction of $43,500,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Owl Creek Asset Management, L. acquired 76,883 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were purchased at an average price of $39.25 per share, for a total transaction of $3,017,657.75. Insiders have bought 476,929 shares of company stock worth $18,712,874 in the last quarter. Insiders own 6.74% of the company’s stock.

Several large investors have recently modified their holdings of the stock. Rhumbline Advisers increased its stake in shares of Anterix by 5.0% in the third quarter. Rhumbline Advisers now owns 12,498 shares of the company’s stock worth $452,000 after buying an additional 590 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Anterix in the third quarter worth $26,000. Bank of Montreal Can increased its stake in shares of Anterix by 293.8% in the second quarter. Bank of Montreal Can now owns 1,020 shares of the company’s stock worth $48,000 after buying an additional 761 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of Anterix in the third quarter worth $70,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in Anterix in the second quarter worth $111,000. Institutional investors and hedge funds own 89.44% of the company’s stock.

Shares of NASDAQ:ATEX opened at $41.02 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 19.88 and a current ratio of 19.88. The company has a fifty day simple moving average of $39.62 and a 200 day simple moving average of $43.18. Anterix has a 12-month low of $30.64 and a 12-month high of $51.33.

Anterix (NASDAQ:ATEX) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($0.46) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.59) by $0.13. The business had revenue of $0.42 million during the quarter, compared to analyst estimates of $0.40 million. Anterix had a negative net margin of 951.89% and a negative return on equity of 17.13%. As a group, analysts expect that Anterix will post -2.25 earnings per share for the current fiscal year.

ATEX has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Anterix from a “hold” rating to a “strong-buy” rating and set a $51.00 price objective on the stock in a research note on Monday. B. Riley set a $59.00 price target on shares of Anterix and gave the stock a “buy” rating in a research note on Friday, August 16th. Morgan Stanley assumed coverage on shares of Anterix in a research note on Monday. They issued an “equal weight” rating and a $50.00 price target for the company. Finally, Evercore ISI assumed coverage on shares of Anterix in a research note on Friday, August 9th. They issued an “outperform” rating and a $61.00 price target for the company. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. Anterix has a consensus rating of “Buy” and a consensus target price of $60.20.

About Anterix

Anterix Inc operates as a wireless communications company. The company focuses on enabling private broadband connectivity for critical infrastructure and enterprise businesses. It holds licensed spectrum in the 900 MHz band with nationwide coverage throughout the United States, Hawaii, Alaska, and Puerto Rico.

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