Roubaix Capital LLC Has $2.90 Million Position in Anterix Inc. (NASDAQ:ATEX)

Roubaix Capital LLC reduced its position in shares of Anterix Inc. (NASDAQ:ATEX) by 47.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 77,032 shares of the company’s stock after selling 69,600 shares during the period. Roubaix Capital LLC owned approximately 0.41% of Anterix worth $2,901,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. nVerses Capital LLC bought a new position in Anterix during the 3rd quarter worth $45,000. Inspire Investing LLC bought a new position in Anterix during the 3rd quarter worth $411,000. Cubist Systematic Strategies LLC bought a new position in shares of Anterix in the 2nd quarter valued at $362,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Anterix in the 2nd quarter valued at $92,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Anterix in the 2nd quarter valued at $203,000. 87.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Craig Hallum upgraded Anterix to a “strong-buy” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. raised their price objective on Anterix from $60.00 to $61.00 and gave the company an “overweight” rating in a report on Thursday, August 8th.

Anterix Trading Up 0.9 %

Shares of ATEX opened at $33.02 on Thursday. The company has a market capitalization of $614.01 million, a PE ratio of -67.39 and a beta of 0.83. Anterix Inc. has a 12 month low of $28.70 and a 12 month high of $42.41. The stock’s 50-day moving average price is $35.81 and its two-hundred day moving average price is $35.36.

Anterix (NASDAQ:ATEX) last announced its earnings results on Tuesday, August 6th. The company reported ($0.84) EPS for the quarter, missing the consensus estimate of ($0.45) by ($0.39). The company had revenue of $1.53 million for the quarter, compared to analyst estimates of $1.64 million. Anterix had a negative return on equity of 27.91% and a negative net margin of 441.15%. During the same period in the previous year, the firm posted ($0.11) earnings per share. Equities research analysts predict that Anterix Inc. will post -2.64 EPS for the current fiscal year.

Anterix Company Profile

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.