Stonehill Capital Management LLC reduced its position in Anterix Inc. (NASDAQ:ATEX - Free Report) by 16.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 589,851 shares of the company's stock after selling 114,553 shares during the period. Anterix comprises 13.3% of Stonehill Capital Management LLC's investment portfolio, making the stock its 3rd biggest position. Stonehill Capital Management LLC owned approximately 3.17% of Anterix worth $22,214,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Anterix during the 2nd quarter worth about $28,000. nVerses Capital LLC purchased a new position in Anterix during the third quarter worth about $45,000. Meeder Asset Management Inc. acquired a new stake in Anterix in the 3rd quarter worth about $58,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Anterix in the second quarter worth approximately $92,000. Finally, Point72 DIFC Ltd grew its holdings 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 period. 87.67% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, Director Leslie B. Daniels purchased 2,000 shares of the business's stock in a transaction that occurred on Wednesday, November 20th. The shares were purchased at an average cost of $32.75 per share, with a total value of $65,500.00. Following the completion of the acquisition, the director now directly owns 2,000 shares of the company's stock, valued at approximately $65,500. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 45.61% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on ATEX. Craig Hallum upgraded shares of Anterix to a "strong-buy" rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. lifted their price objective on Anterix from $60.00 to $61.00 and gave the company an "overweight" rating in a research note on Thursday, August 8th.
Read Our Latest Analysis on Anterix
Anterix Trading Up 0.8 %
NASDAQ:ATEX traded up $0.28 during trading hours on Thursday, hitting $34.26. The stock had a trading volume of 112,606 shares, compared to its average volume of 152,825. The company has a market cap of $637.92 million, a PE ratio of -16.82 and a beta of 0.85. The business has a 50 day simple moving average of $33.93 and a two-hundred day simple moving average of $35.64. Anterix Inc. has a 1-year low of $29.12 and a 1-year high of $42.41.
Anterix Company Profile
(
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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