AlphaQuest LLC Reduces Stock Position in Anterix Inc. (NASDAQ:ATEX)

AlphaQuest LLC decreased its stake in shares of Anterix Inc. (NASDAQ:ATEX - Free Report) by 62.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,597 shares of the company's stock after selling 12,569 shares during the quarter. AlphaQuest LLC's holdings in Anterix were worth $233,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Los Angeles Capital Management LLC increased its position in Anterix by 25.8% during the 3rd quarter. Los Angeles Capital Management LLC now owns 9,800 shares of the company's stock worth $369,000 after buying an additional 2,009 shares during the period. Versor Investments LP acquired a new position in Anterix during the third quarter worth about $211,000. Quest Partners LLC acquired a new stake in Anterix in the third quarter valued at approximately $759,000. Meeder Asset Management Inc. bought a new stake in Anterix during the 3rd quarter worth $58,000. Finally, FMR LLC raised its holdings in Anterix by 76.4% in the 3rd quarter. FMR LLC now owns 250,955 shares of the company's stock valued at $9,451,000 after buying an additional 108,683 shares during the last quarter. Institutional investors own 87.67% of the company's stock.

Anterix Trading Down 1.0 %

Anterix stock traded down $0.38 during trading on Wednesday, hitting $38.60. 63,993 shares of the company were exchanged, compared to its average volume of 158,461. The company has a market capitalization of $717.40 million, a P/E ratio of -23.68 and a beta of 0.86. Anterix Inc. has a 52 week low of $27.37 and a 52 week high of $42.91. The business's 50 day moving average is $34.19 and its 200 day moving average is $34.13.

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Analyst Upgrades and Downgrades

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

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.