Anterix Inc. (NASDAQ:ATEX) Shares Purchased by Aureus Asset Management LLC

Aureus Asset Management LLC boosted its holdings in Anterix Inc. (NASDAQ:ATEX) by 80.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,935 shares of the company’s stock after buying an additional 8,005 shares during the quarter. Aureus Asset Management LLC’s holdings in Anterix were worth $675,000 as of its most recent SEC filing.

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

Anterix Stock Down 0.3 %

Shares of NASDAQ:ATEX opened at $34.70 on Monday. The company’s fifty day moving average is $34.18 and its two-hundred day moving average is $35.64. Anterix Inc. has a 12-month low of $29.12 and a 12-month high of $42.41. The company has a market cap of $646.04 million, a P/E ratio of -17.18 and a beta of 0.85.

Insider Activity

In related news, Director Leslie B. Daniels purchased 2,000 shares of the stock in a transaction dated Wednesday, November 20th. The shares were acquired at an average cost of $32.75 per share, for a total transaction of $65,500.00. Following the acquisition, the director now directly owns 2,000 shares in the company, valued at approximately $65,500. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 45.61% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ATEX has been the topic of several recent analyst reports. Craig Hallum raised shares of Anterix to a “strong-buy” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. boosted their target price on shares of Anterix from $60.00 to $61.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th.

Anterix 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.