Roubaix Capital LLC Sells 69,600 Shares of Anterix Inc. (NASDAQ:ATEX)

Roubaix Capital LLC trimmed its position in Anterix Inc. (NASDAQ:ATEX) by 47.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,032 shares of the company’s stock after selling 69,600 shares during the period. Roubaix Capital LLC’s holdings in Anterix were worth $2,901,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new stake in Anterix in the 2nd quarter valued at about $28,000. nVerses Capital LLC bought a new stake in Anterix in the 3rd quarter valued at about $45,000. Motco bought a new stake in Anterix in the 1st quarter valued at about $44,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Anterix in the 2nd quarter valued at about $92,000. Finally, Jupiter Asset Management Ltd. bought a new stake in Anterix in the 2nd quarter valued at about $200,000. 87.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on ATEX. Craig Hallum raised Anterix to a “strong-buy” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. boosted their price objective on Anterix from $60.00 to $61.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th.

Anterix Stock Performance

Shares of ATEX opened at $33.02 on Thursday. The stock has a 50 day moving average price of $35.81 and a two-hundred day moving average price of $35.36. The firm has a market capitalization of $614.01 million, a P/E ratio of -67.39 and a beta of 0.83. Anterix Inc. has a 52 week low of $28.70 and a 52 week high of $42.41.

Anterix (NASDAQ:ATEX) last released its earnings results on Tuesday, August 6th. The company reported ($0.84) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.45) by ($0.39). The business had revenue of $1.53 million during the quarter, compared to the consensus estimate of $1.64 million. Anterix had a negative net margin of 441.15% and a negative return on equity of 27.91%. During the same period in the prior year, the company earned ($0.11) earnings per share. On average, equities analysts forecast that Anterix Inc. will post -2.64 earnings per share for the current 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.