AlphaQuest LLC Lowers Stake in Anterix Inc. (NASDAQ:ATEX)

AlphaQuest LLC cut its stake in Anterix Inc. (NASDAQ:ATEX) by 62.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,597 shares of the company’s stock after selling 12,569 shares during the period. AlphaQuest LLC’s holdings in Anterix were worth $233,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new position in shares of Anterix in the 3rd quarter worth about $58,000. Point72 DIFC Ltd boosted its stake in Anterix by 440.8% in the third quarter. Point72 DIFC Ltd now owns 2,639 shares of the company’s stock worth $99,000 after buying an additional 2,151 shares in the last quarter. Versor Investments LP bought a new position in Anterix during the third quarter valued at approximately $211,000. Y Intercept Hong Kong Ltd raised its stake in shares of Anterix by 14.6% during the third quarter. Y Intercept Hong Kong Ltd now owns 8,742 shares of the company’s stock worth $329,000 after acquiring an additional 1,112 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its holdings in shares of Anterix by 25.8% in the 3rd quarter. Los Angeles Capital Management LLC now owns 9,800 shares of the company’s stock worth $369,000 after acquiring an additional 2,009 shares during the last quarter. Institutional investors own 87.67% of the company’s stock.

Anterix Price Performance

Shares of ATEX stock opened at $37.97 on Friday. The business has a 50-day moving average of $33.80 and a 200 day moving average of $34.08. Anterix Inc. has a 1-year low of $27.37 and a 1-year high of $42.91. The stock has a market capitalization of $705.75 million, a PE ratio of -23.29 and a beta of 0.86.

Analyst Upgrades and Downgrades

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

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.