Scoggin Management LP Makes New $10.98 Million Investment in Anterix Inc. $ATEX

Scoggin Management LP purchased a new stake in shares of Anterix Inc. (NASDAQ:ATEX) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 300,000 shares of the company’s stock, valued at approximately $10,980,000. Anterix accounts for about 3.1% of Scoggin Management LP’s portfolio, making the stock its 9th biggest holding.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Anterix by 1.5% during the first quarter. Vanguard Group Inc. now owns 1,050,022 shares of the company’s stock valued at $38,431,000 after acquiring an additional 15,043 shares during the period. Gamco Investors INC. ET AL lifted its stake in shares of Anterix by 36.6% during the first quarter. Gamco Investors INC. ET AL now owns 202,570 shares of the company’s stock valued at $7,414,000 after acquiring an additional 54,300 shares during the period. Nuveen LLC acquired a new position in shares of Anterix during the first quarter valued at $7,204,000. Nuveen Asset Management LLC lifted its stake in shares of Anterix by 26.4% during the fourth quarter. Nuveen Asset Management LLC now owns 185,573 shares of the company’s stock valued at $5,692,000 after acquiring an additional 38,770 shares during the period. Finally, Roubaix Capital LLC acquired a new position in shares of Anterix during the first quarter valued at $5,918,000. Institutional investors and hedge funds own 87.67% of the company’s stock.

Anterix Price Performance

Shares of Anterix stock opened at $23.74 on Monday. Anterix Inc. has a 1 year low of $20.61 and a 1 year high of $42.91. The business has a 50-day moving average of $23.23 and a two-hundred day moving average of $29.39. The company has a market capitalization of $444.89 million, a P/E ratio of 15.22 and a beta of 0.91.

Anterix (NASDAQ:ATEX) last announced its quarterly earnings results on Tuesday, August 12th. The company reported ($0.48) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.54) by $0.06. Anterix had a negative return on equity of 23.87% and a net margin of 495.14%.The company had revenue of $1.42 million during the quarter, compared to the consensus estimate of $1.51 million. On average, equities analysts anticipate that Anterix Inc. will post -1.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Anterix from a “hold” rating to a “sell” rating in a report on Saturday, August 16th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy” and an average price target of $67.00.

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.