DG Capital Management LLC Acquires New Holdings in Anterix Inc. (NASDAQ:ATEX)

DG Capital Management LLC acquired a new stake in Anterix Inc. (NASDAQ:ATEX - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 429,015 shares of the company's stock, valued at approximately $13,158,000. Anterix accounts for about 4.4% of DG Capital Management LLC's investment portfolio, making the stock its 6th largest holding. DG Capital Management LLC owned about 2.30% of Anterix as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Jane Street Group LLC raised its stake in shares of Anterix by 78.2% during the 3rd quarter. Jane Street Group LLC now owns 128,892 shares of the company's stock worth $4,854,000 after buying an additional 56,559 shares in the last quarter. JPMorgan Chase & Co. raised its position in Anterix by 188.2% in the third quarter. JPMorgan Chase & Co. now owns 33,832 shares of the company's stock worth $1,274,000 after acquiring an additional 22,092 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Anterix by 8,107.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 11,080 shares of the company's stock worth $333,000 after acquiring an additional 10,945 shares in the last quarter. Barclays PLC lifted its holdings in Anterix by 278.2% in the third quarter. Barclays PLC now owns 16,971 shares of the company's stock valued at $639,000 after acquiring an additional 12,484 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in shares of Anterix during the 4th quarter worth $254,000. Hedge funds and other institutional investors own 87.67% of the company's stock.

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Anterix Trading Down 0.4 %

Shares of NASDAQ:ATEX traded down $0.13 during trading on Friday, hitting $32.63. 114,376 shares of the stock were exchanged, compared to its average volume of 168,295. The company has a market cap of $606.49 million, a PE ratio of -20.02 and a beta of 0.95. The company has a fifty day moving average price of $36.67 and a two-hundred day moving average price of $33.83. Anterix Inc. has a 12-month low of $27.37 and a 12-month high of $42.91.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. increased their price target on shares of Anterix from $61.00 to $67.00 and gave the company an "overweight" rating in a report on Thursday, February 13th.

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.