Anterix (NASDAQ:ATEX) Trading Up 4.1% – Here’s What Happened

Anterix Inc. (NASDAQ:ATEX)’s share price rose 4.1% during trading on Monday . The stock traded as high as $37.94 and last traded at $37.23. Approximately 58,183 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 163,550 shares. The stock had previously closed at $35.76.

Wall Street Analysts Forecast Growth

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

Anterix Trading Up 3.2 %

The firm has a fifty day moving average of $35.59 and a two-hundred day moving average of $34.20. The company has a market cap of $685.67 million, a PE ratio of -22.63 and a beta of 0.86.

Institutional Trading of Anterix

A number of institutional investors have recently modified their holdings of ATEX. BNP Paribas Financial Markets purchased a new position in Anterix in the 4th quarter valued at approximately $43,000. Federated Hermes Inc. grew its position in shares of Anterix by 74.0% in the fourth quarter. Federated Hermes Inc. now owns 1,432 shares of the company’s stock valued at $44,000 after purchasing an additional 609 shares in the last quarter. Aquatic Capital Management LLC bought a new stake in shares of Anterix during the 4th quarter valued at $47,000. KLP Kapitalforvaltning AS bought a new stake in shares of Anterix during the 4th quarter valued at $55,000. Finally, Russell Investments Group Ltd. lifted its holdings in Anterix by 156.7% during the 4th quarter. Russell Investments Group Ltd. now owns 1,797 shares of the company’s stock worth $55,000 after purchasing an additional 1,097 shares in the last quarter. 87.67% of the stock is currently owned by hedge funds and other institutional investors.

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.