Anterix (NASDAQ:ATEX) Shares Up 5.6% – Here’s What Happened

Shares of Anterix Inc. (NASDAQ:ATEX) rose 5.6% during mid-day trading on Friday . The company traded as high as $33.72 and last traded at $33.72. Approximately 27,472 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 153,229 shares. The stock had previously closed at $31.93.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. increased their price objective 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. Craig Hallum raised Anterix to a “strong-buy” rating in a research report on Wednesday, October 9th.

Anterix Trading Up 6.5 %

The stock has a market capitalization of $632.43 million, a P/E ratio of -15.81 and a beta of 0.85. The stock’s 50-day moving average price is $35.29 and its two-hundred day moving average price is $35.49.

Institutional Trading of Anterix

Several hedge funds have recently made changes to their positions in ATEX. Motco purchased a new stake in Anterix in the 1st quarter worth about $44,000. Vanguard Group Inc. increased its stake in shares of Anterix by 0.9% in the first quarter. Vanguard Group Inc. now owns 876,015 shares of the company’s stock worth $29,443,000 after purchasing an additional 8,020 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of Anterix by 2.2% in the first quarter. Clearbridge Investments LLC now owns 318,021 shares of the company’s stock valued at $10,689,000 after purchasing an additional 6,844 shares during the period. Roubaix Capital LLC lifted its stake in shares of Anterix by 7.0% during the 1st quarter. Roubaix Capital LLC now owns 178,543 shares of the company’s stock valued at $6,001,000 after buying an additional 11,666 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its holdings in Anterix by 24.2% in the 1st quarter. Gamco Investors INC. ET AL now owns 93,295 shares of the company’s stock worth $3,136,000 after buying an additional 18,195 shares during the period. 87.67% of the stock is currently owned by 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.