B. Riley Analysts Give Anterix (NASDAQ:ATEX) a $59.00 Price Target

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B. Riley set a $59.00 price objective on Anterix (NASDAQ:ATEX) in a research report report published on Friday, TipRanks reports. The brokerage currently has a buy rating on the stock. B. Riley also issued estimates for Anterix’s FY2021 earnings at ($2.33) EPS.

ATEX has been the subject of several other research reports. ValuEngine downgraded shares of Anterix from a strong-buy rating to a buy rating in a research report on Wednesday, May 1st. Zacks Investment Research upgraded shares of Anterix from a hold rating to a buy rating and set a $56.00 price target for the company in a research report on Friday, May 31st. Evercore ISI initiated coverage on shares of Anterix in a research report on Friday, August 9th. They set an outperform rating and a $61.00 price target for the company. BidaskClub upgraded shares of Anterix from a buy rating to a strong-buy rating in a research report on Friday, May 24th. Finally, Craig Hallum increased their price target on shares of Anterix from $62.00 to $80.00 and gave the company a buy rating in a research report on Friday, May 24th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Buy and an average price target of $64.00.

NASDAQ:ATEX traded up $0.60 during trading hours on Friday, hitting $41.99. The stock had a trading volume of 81,856 shares, compared to its average volume of 91,586. Anterix has a one year low of $27.65 and a one year high of $51.33. The company has a quick ratio of 8.86, a current ratio of 8.51 and a debt-to-equity ratio of 0.05. The business’s 50 day moving average is $44.32 and its 200-day moving average is $42.59.

Anterix (NASDAQ:ATEX) last issued its quarterly earnings data on Monday, May 20th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.63) by ($0.02). Anterix had a negative return on equity of 19.16% and a negative net margin of 769.30%. The company had revenue of $1.30 million for the quarter, compared to the consensus estimate of $1.15 million. Analysts forecast that Anterix will post -2.43 earnings per share for the current year.

In related news, major shareholder Owl Creek Asset Management, L. acquired 428,486 shares of the stock in a transaction dated Friday, July 19th. The shares were purchased at an average cost of $44.92 per share, with a total value of $19,247,591.12. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Stephen Feinberg sold 477,602 shares of Anterix stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $49.90, for a total value of $23,832,339.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 1,128,329 shares of company stock worth $50,510,985 and have sold 1,008,027 shares worth $50,093,669. 6.74% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its holdings in Anterix by 4.9% in the 4th quarter. Geode Capital Management LLC now owns 111,470 shares of the company’s stock worth $4,167,000 after purchasing an additional 5,254 shares in the last quarter. NJ State Employees Deferred Compensation Plan raised its holdings in shares of Anterix by 20.0% during the 1st quarter. NJ State Employees Deferred Compensation Plan now owns 12,000 shares of the company’s stock worth $422,000 after acquiring an additional 2,000 shares in the last quarter. Atika Capital Management LLC purchased a new stake in shares of Anterix during the 1st quarter worth approximately $1,336,000. Gilder Gagnon Howe & Co. LLC raised its holdings in shares of Anterix by 51.0% during the 1st quarter. Gilder Gagnon Howe & Co. LLC now owns 8,865 shares of the company’s stock worth $312,000 after acquiring an additional 2,993 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Anterix by 45.3% during the 4th quarter. Legal & General Group Plc now owns 1,885 shares of the company’s stock worth $70,000 after acquiring an additional 588 shares in the last quarter. 89.66% of the stock is currently owned by institutional investors.

Anterix Company Profile

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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