Anterix (NASDAQ:ATEX) Price Target Raised to $67.00 at JPMorgan Chase & Co.

Anterix (NASDAQ:ATEX - Free Report) had its target price lifted by JPMorgan Chase & Co. from $61.00 to $67.00 in a report issued on Thursday morning,Benzinga reports. They currently have an overweight rating on the stock.

Anterix Price Performance

ATEX stock traded up $1.14 during mid-day trading on Thursday, reaching $41.66. The company had a trading volume of 174,274 shares, compared to its average volume of 134,983. Anterix has a 52 week low of $27.37 and a 52 week high of $42.41. The company has a market capitalization of $775.71 million, a price-to-earnings ratio of -20.62 and a beta of 0.87. The stock has a 50 day simple moving average of $30.93 and a two-hundred day simple moving average of $33.90.

Insider Buying and Selling

In other Anterix news, Director Leslie B. Daniels purchased 2,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were acquired at an average cost of $32.75 per share, with a total value of $65,500.00. Following the completion of the transaction, the director now owns 2,000 shares in the company, valued at $65,500. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark Fleischhauer acquired 3,500 shares of the business's stock in a transaction on Thursday, December 5th. The stock was acquired at an average cost of $34.19 per share, with a total value of $119,665.00. Following the acquisition, the director now directly owns 3,500 shares in the company, valued at approximately $119,665. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 45.61% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Anterix

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Two Sigma Securities LLC increased its stake in shares of Anterix by 5.0% in the 4th quarter. Two Sigma Securities LLC now owns 8,972 shares of the company's stock valued at $275,000 after purchasing an additional 426 shares during the last quarter. Federated Hermes Inc. raised its position in Anterix by 74.0% during the 4th quarter. Federated Hermes Inc. now owns 1,432 shares of the company's stock worth $44,000 after purchasing an additional 609 shares during the last quarter. Woodmont Investment Counsel LLC boosted its holdings in Anterix by 2.4% in the third quarter. Woodmont Investment Counsel LLC now owns 34,545 shares of the company's stock valued at $1,301,000 after acquiring an additional 800 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in Anterix by 156.7% in the fourth quarter. Russell Investments Group Ltd. now owns 1,797 shares of the company's stock valued at $55,000 after buying an additional 1,097 shares during the period. Finally, Y Intercept Hong Kong Ltd increased its holdings in Anterix by 14.6% in the third quarter. Y Intercept Hong Kong Ltd now owns 8,742 shares of the company's stock worth $329,000 after purchasing an additional 1,112 shares in the last quarter. 87.67% of the stock is owned by institutional investors and hedge funds.

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.