Anterix Inc. (NASDAQ:ATEX - Get Free Report) rose 5.6% on Friday . The stock traded as high as $33.72 and last traded at $33.72. Approximately 27,472 shares changed hands during trading, a decline of 82% from the average daily volume of 153,229 shares. The stock had previously closed at $31.93.
Analysts Set New Price Targets
Several brokerages have recently issued reports on ATEX. Craig Hallum upgraded Anterix to a "strong-buy" rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. increased their target price on shares of Anterix from $60.00 to $61.00 and gave the stock an "overweight" rating in a report on Thursday, August 8th.
Get Our Latest Research Report on ATEX
Anterix Trading Up 6.5 %
The stock's 50-day moving average price is $35.29 and its 200-day moving average price is $35.49. The stock has a market cap of $632.43 million, a price-to-earnings ratio of -15.81 and a beta of 0.85.
Hedge Funds Weigh In On Anterix
Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of Anterix by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 876,015 shares of the company's stock valued at $29,443,000 after acquiring an additional 8,020 shares in the last quarter. Clearbridge Investments LLC boosted its position in shares of Anterix by 2.2% during the 1st quarter. Clearbridge Investments LLC now owns 318,021 shares of the company's stock worth $10,689,000 after purchasing an additional 6,844 shares in the last quarter. FMR LLC increased its position 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 in the last quarter. Roubaix Capital LLC boosted its holdings in Anterix by 7.0% in the first quarter. Roubaix Capital LLC now owns 178,543 shares of the company's stock worth $6,001,000 after acquiring an additional 11,666 shares in the last quarter. Finally, Gabelli Funds LLC grew its stake in Anterix by 4.7% in the second quarter. Gabelli Funds LLC now owns 140,422 shares of the company's stock valued at $5,559,000 after acquiring an additional 6,322 shares during the period. 87.67% of the stock is owned by institutional investors and hedge funds.
About Anterix
(
Get Free Report)
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.
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