Anterix (NASDAQ:ATEX) Hits New 12-Month High – Time to Buy?

Anterix Inc. (NASDAQ:ATEX) reached a new 52-week high on Tuesday . The stock traded as high as $42.70 and last traded at $41.45, with a volume of 22272 shares changing hands. The stock had previously closed at $41.66.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lifted their target price on Anterix from $61.00 to $67.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th.

Anterix Stock Down 3.7 %

The firm has a market capitalization of $751.53 million, a price-to-earnings ratio of -24.81 and a beta of 0.87. The stock has a 50-day moving average price of $31.39 and a 200 day moving average price of $33.99.

Insider Transactions at Anterix

In related news, Director Mark Fleischhauer acquired 3,500 shares of the stock in a transaction dated Thursday, December 5th. The stock was acquired at an average cost of $34.19 per share, with a total value of $119,665.00. Following the completion of the transaction, the director now owns 3,500 shares in the company, valued at $119,665. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 45.61% of the company’s stock.

Hedge Funds Weigh In On Anterix

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC grew its position in shares of 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 in the last quarter. JPMorgan Chase & Co. boosted its holdings in Anterix by 188.2% in the third quarter. JPMorgan Chase & Co. now owns 33,832 shares of the company’s stock valued at $1,274,000 after purchasing an additional 22,092 shares in the last quarter. Barclays PLC boosted its holdings in Anterix by 278.2% in the third quarter. Barclays PLC now owns 16,971 shares of the company’s stock valued at $639,000 after purchasing an additional 12,484 shares in the last quarter. FMR LLC boosted its holdings in Anterix by 76.4% in the third quarter. FMR LLC now owns 250,955 shares of the company’s stock valued at $9,451,000 after purchasing an additional 108,683 shares in the last quarter. Finally, Verition Fund Management LLC boosted its holdings in Anterix by 309.1% in the third quarter. Verition Fund Management LLC now owns 22,199 shares of the company’s stock valued at $836,000 after purchasing an additional 16,773 shares in the last quarter. 87.67% of the stock is owned by institutional investors and hedge funds.

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.