Should You Hold Anterix (ATEX)?

ClearBridge Investments, an investment management company, released its “ClearBridge Small Cap Strategy” second-quarter 2025 investor letter. A copy of the letter can be downloaded here. The small-cap stocks experienced volatility in the second quarter. The Russell 2000 Index rebounded 10% of its November 2024 record highs just 55 days after the “Liberation Day” decline. It was driven by growth, momentum, high-beta, and low-quality stocks. Even though small-cap stocks rose, they failed to outpace the larger-cap peers due to perceived sensitivity to macroeconomic shocks. The Russell 2000 returned 8.5% for the quarter compared to the 11.1% of the Russell 1000 Index. The strategy underperformed the benchmark in this backdrop. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its second-quarter 2025 investor letter, ClearBridge Small Cap Strategy highlighted stocks such as Anterix Inc. (NASDAQ:ATEX). Headquartered in Woodland Park, New Jersey, Anterix Inc. (NASDAQ:ATEX) is a wireless communication services provider. The one-month return of Anterix Inc. (NASDAQ:ATEX) was -3.33%, and its shares lost 44.84% of their value over the last 52 weeks. On September 15, 2025, Anterix Inc. (NASDAQ:ATEX) stock closed at $21.49 per share, with a market capitalization of $402.718 million.

ClearBridge Small Cap Strategy stated the following regarding Anterix Inc. (NASDAQ:ATEX) in its second quarter 2025 investor letter:

“Several holdings in the communication services sector also detracted from performance. Wireless communications company Anterix Inc. (NASDAQ:ATEX) drifted lower despite exceeding earnings expectations for its fiscal third quarter, as revenue came in lower than expected and net margins declined. However, we believe that the company’s expansion agreement with the Lower Colorado River Authority, which will expand broadband coverage to 102 counties in Texas, highlights the scale of its spectrum capabilities.”

Why Is Anterix Inc (ATEX)Surging In 2025?

Anterix Inc. (NASDAQ:ATEX) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 18 hedge fund portfolios held Anterix Inc. (NASDAQ:ATEX) at the end of the second quarter, compared to 26 in the previous quarter. While we acknowledge the risk and potential of Anterix Inc. (NASDAQ:ATEX) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than Anterix Inc. (NASDAQ:ATEX) and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In another article, we covered Anterix Inc. (NASDAQ:ATEX) and shared the list of best telecom stocks to buy according to Wall Street analysts. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.