Anterix Inc. (NASDAQ:ATEX) Stock Position Decreased by Clearbridge Investments LLC

Clearbridge Investments LLC cut its stake in shares of Anterix Inc. (NASDAQ:ATEX) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 299,605 shares of the company’s stock after selling 3,521 shares during the period. Clearbridge Investments LLC owned approximately 1.61% of Anterix worth $9,189,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Y Intercept Hong Kong Ltd raised its holdings in Anterix by 14.6% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 8,742 shares of the company’s stock worth $329,000 after buying an additional 1,112 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Anterix by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 134,400 shares of the company’s stock valued at $4,122,000 after acquiring an additional 1,183 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of Anterix in the 4th quarter valued at approximately $55,000. Inspire Investing LLC lifted its position in shares of Anterix by 19.4% in the 4th quarter. Inspire Investing LLC now owns 13,018 shares of the company’s stock valued at $399,000 after acquiring an additional 2,115 shares in the last quarter. Finally, Point72 DIFC Ltd boosted its stake in Anterix by 440.8% in the 3rd quarter. Point72 DIFC Ltd now owns 2,639 shares of the company’s stock worth $99,000 after purchasing an additional 2,151 shares during the period. 87.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Anterix Trading Down 0.1 %

Shares of NASDAQ ATEX opened at $36.62 on Thursday. The firm has a market capitalization of $680.66 million, a PE ratio of -22.47 and a beta of 0.86. Anterix Inc. has a one year low of $27.37 and a one year high of $42.91. The business has a 50-day moving average price of $35.96 and a two-hundred day moving average price of $34.18.

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.