Paloma Partners Management Co Buys New Shares in Anterix Inc. (NASDAQ:ATEX)

Paloma Partners Management Co acquired a new position in shares of Anterix Inc. (NASDAQ:ATEX - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 20,424 shares of the company's stock, valued at approximately $769,000. Paloma Partners Management Co owned 0.11% of Anterix at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. FMR LLC grew its stake in shares of Anterix by 76.4% during the 3rd quarter. FMR LLC now owns 250,955 shares of the company's stock worth $9,451,000 after purchasing an additional 108,683 shares during the period. Marshall Wace LLP grew its position in Anterix by 250.2% during the second quarter. Marshall Wace LLP now owns 58,652 shares of the company's stock worth $2,322,000 after buying an additional 41,905 shares during the period. SG Americas Securities LLC purchased a new position in Anterix in the second quarter valued at about $1,520,000. Renaissance Technologies LLC acquired a new stake in shares of Anterix during the 2nd quarter valued at approximately $1,334,000. Finally, Quest Partners LLC acquired a new stake in shares of Anterix in the 3rd quarter worth approximately $759,000. Hedge funds and other institutional investors own 87.67% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on ATEX. JPMorgan Chase & Co. lifted their price objective on Anterix from $60.00 to $61.00 and gave the stock an "overweight" rating in a report on Thursday, August 8th. Craig Hallum raised Anterix to a "strong-buy" rating in a research note on Wednesday, October 9th.

Insider Activity

In other Anterix news, Director Leslie B. Daniels purchased 2,000 shares of the business's stock in a transaction on Wednesday, November 20th. The stock was bought at an average cost of $32.75 per share, for a total transaction of $65,500.00. Following the acquisition, the director now owns 2,000 shares of the company's stock, valued at approximately $65,500. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 45.61% of the company's stock.

Anterix Stock Performance

ATEX stock remained flat at $33.98 on Tuesday. The company had a trading volume of 114,015 shares, compared to its average volume of 153,361. The firm's 50-day moving average price is $34.02 and its two-hundred day moving average price is $35.65. The company has a market capitalization of $632.71 million, a P/E ratio of -16.82 and a beta of 0.85. Anterix Inc. has a 12-month low of $29.12 and a 12-month high of $42.41.

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.