Allspring Global Investments Holdings LLC Boosts Stake in Anterix Inc. (NASDAQ:ATEX)

Allspring Global Investments Holdings LLC grew its stake in shares of Anterix Inc. (NASDAQ:ATEX - Free Report) by 8,107.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,080 shares of the company's stock after acquiring an additional 10,945 shares during the period. Allspring Global Investments Holdings LLC owned about 0.06% of Anterix worth $333,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ATEX. Meeder Asset Management Inc. purchased a new stake in shares of Anterix during the 3rd quarter valued at approximately $58,000. Point72 DIFC Ltd lifted its stake in shares of Anterix by 440.8% during the 3rd quarter. Point72 DIFC Ltd now owns 2,639 shares of the company's stock valued at $99,000 after buying an additional 2,151 shares in the last quarter. Versor Investments LP purchased a new stake in shares of Anterix during the 3rd quarter valued at approximately $211,000. Y Intercept Hong Kong Ltd lifted its stake in shares of Anterix by 14.6% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 8,742 shares of the company's stock valued at $329,000 after buying an additional 1,112 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its stake in shares of Anterix by 25.8% during the 3rd quarter. Los Angeles Capital Management LLC now owns 9,800 shares of the company's stock valued at $369,000 after buying an additional 2,009 shares in the last quarter. 87.67% of the stock is owned by institutional investors.

Anterix Stock Performance

NASDAQ ATEX traded up $0.63 on Friday, hitting $39.00. The stock had a trading volume of 129,340 shares, compared to its average volume of 155,594. Anterix Inc. has a 52-week low of $27.37 and a 52-week high of $42.91. The company has a market capitalization of $724.89 million, a price-to-earnings ratio of -23.93 and a beta of 0.87. The firm has a 50-day moving average of $32.33 and a 200-day moving average of $34.07.

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Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In related news, Director Mark Fleischhauer acquired 3,500 shares of the stock in a transaction dated Thursday, December 5th. The shares were purchased at an average price of $34.19 per share, for a total transaction of $119,665.00. Following the transaction, the director now owns 3,500 shares in the company, valued at $119,665. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 45.61% of the company's stock.

About Anterix

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.