Verition Fund Management LLC Acquires 16,773 Shares of Anterix Inc. (NASDAQ:ATEX)

Verition Fund Management LLC grew its stake in shares of Anterix Inc. (NASDAQ:ATEX - Free Report) by 309.1% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 22,199 shares of the company's stock after buying an additional 16,773 shares during the period. Verition Fund Management LLC owned approximately 0.12% of Anterix worth $836,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new stake in Anterix during the second quarter worth $28,000. nVerses Capital LLC acquired a new position in Anterix in the third quarter worth about $45,000. Meeder Asset Management Inc. acquired a new position in Anterix in the third quarter worth about $58,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Anterix during the second quarter worth about $92,000. Finally, Jupiter Asset Management Ltd. acquired a new stake in Anterix during the second quarter valued at approximately $200,000. Institutional investors and hedge funds own 87.67% of the company's stock.

Wall Street Analyst Weigh In

Separately, Craig Hallum raised Anterix to a "strong-buy" rating in a report on Wednesday, October 9th.

Insider Buying and Selling at Anterix

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

Anterix Price Performance

Shares of ATEX traded down $0.29 during trading hours on Tuesday, hitting $33.76. The stock had a trading volume of 82,129 shares, compared to its average volume of 152,201. Anterix Inc. has a 52 week low of $29.12 and a 52 week high of $42.41. The stock has a market capitalization of $628.54 million, a price-to-earnings ratio of -16.71 and a beta of 0.85. The company's fifty day moving average is $33.62 and its two-hundred day moving average is $35.69.

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.