Garnet Equity Capital Holdings Inc. Lowers Holdings in Anterix Inc. (NASDAQ:ATEX)

Garnet Equity Capital Holdings Inc. decreased its position in shares of Anterix Inc. (NASDAQ:ATEX) by 36.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 158,702 shares of the company’s stock after selling 92,000 shares during the quarter. Anterix accounts for 1.6% of Garnet Equity Capital Holdings Inc.’s portfolio, making the stock its 11th largest position. Garnet Equity Capital Holdings Inc. owned about 0.85% of Anterix worth $5,288,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kirr Marbach & Co. LLC IN raised its position in Anterix by 54.2% in the 4th quarter. Kirr Marbach & Co. LLC IN now owns 97,985 shares of the company’s stock worth $3,265,000 after buying an additional 34,425 shares during the last quarter. Trexquant Investment LP purchased a new position in shares of Anterix during the third quarter valued at approximately $1,000,000. SG Americas Securities LLC bought a new position in Anterix during the third quarter valued at approximately $847,000. GSA Capital Partners LLP purchased a new stake in Anterix in the third quarter worth approximately $687,000. Finally, Strs Ohio bought a new stake in Anterix in the 3rd quarter worth approximately $561,000. Institutional investors own 87.67% of the company’s stock.

Analyst Upgrades and Downgrades

ATEX has been the topic of several research analyst reports. B. Riley reissued a “buy” rating and set a $75.00 price target on shares of Anterix in a report on Friday, February 16th. TheStreet raised Anterix from a “d+” rating to a “c-” rating in a report on Wednesday, February 28th.

Anterix Trading Up 0.5 %

ATEX stock traded up $0.17 during midday trading on Thursday, reaching $32.17. 158,092 shares of the company’s stock traded hands, compared to its average volume of 112,601. Anterix Inc. has a 52-week low of $27.20 and a 52-week high of $40.45. The stock has a market cap of $595.79 million, a P/E ratio of 38.10 and a beta of 0.67. The stock’s 50-day moving average is $34.24 and its 200 day moving average is $32.96.

Anterix (NASDAQ:ATEX) last posted its quarterly earnings data on Wednesday, February 14th. The company reported ($0.55) EPS for the quarter, topping the consensus estimate of ($0.61) by $0.06. Anterix had a negative return on equity of 17.22% and a net margin of 447.16%. The firm had revenue of $1.27 million during the quarter, compared to analyst estimates of $1.20 million. As a group, research analysts expect that Anterix Inc. will post -0.23 EPS 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.