ExodusPoint Capital Management LP Makes New Investment in Anterix Inc. (NASDAQ:ATEX)

ExodusPoint Capital Management LP bought a new stake in Anterix Inc. (NASDAQ:ATEX - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 78,431 shares of the company's stock, valued at approximately $2,405,000. ExodusPoint Capital Management LP owned approximately 0.42% of Anterix at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ATEX. FMR LLC lifted its stake in shares of Anterix by 76.4% during the third 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 period. Verition Fund Management LLC boosted its holdings in shares of Anterix by 309.1% during the third quarter. Verition Fund Management LLC now owns 22,199 shares of the company's stock worth $836,000 after purchasing an additional 16,773 shares during the last quarter. Centiva Capital LP purchased a new stake in shares of Anterix in the third quarter valued at $445,000. Point72 DIFC Ltd increased its stake in Anterix by 440.8% in the third quarter. Point72 DIFC Ltd now owns 2,639 shares of the company's stock valued at $99,000 after purchasing an additional 2,151 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in Anterix by 78.2% during the third 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 during the period. 87.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Remove Ads

Anterix Stock Down 0.4 %

Shares of ATEX stock traded down $0.13 on Friday, reaching $32.63. 114,376 shares of the stock were exchanged, compared to its average volume of 167,996. The stock has a market cap of $606.49 million, a P/E ratio of -20.02 and a beta of 0.95. The firm has a 50 day moving average of $36.67 and a two-hundred day moving average of $33.86. Anterix Inc. has a 1-year low of $27.37 and a 1-year high of $42.91.

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.