Gabelli Funds LLC Trims Stock Holdings in Anterix Inc. (NASDAQ:ATEX)

Gabelli Funds LLC lessened its position in shares of Anterix Inc. (NASDAQ:ATEX) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 136,800 shares of the company’s stock after selling 3,622 shares during the quarter. Gabelli Funds LLC’s holdings in Anterix were worth $4,196,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in shares of Anterix by 188.2% during the third quarter. JPMorgan Chase & Co. now owns 33,832 shares of the company’s stock worth $1,274,000 after purchasing an additional 22,092 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Anterix by 8,107.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 11,080 shares of the company’s stock valued at $333,000 after acquiring an additional 10,945 shares during the period. Barclays PLC lifted its stake in Anterix by 278.2% during the 3rd quarter. Barclays PLC now owns 16,971 shares of the company’s stock valued at $639,000 after acquiring an additional 12,484 shares during the period. Intech Investment Management LLC purchased a new stake in shares of Anterix in the 4th quarter valued at $254,000. Finally, Sei Investments Co. acquired a new stake in shares of Anterix in the fourth quarter worth $294,000. 87.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Anterix Trading Up 0.8 %

Anterix stock opened at $32.58 on Friday. The firm has a market cap of $605.56 million, a PE ratio of -19.99 and a beta of 0.95. The stock’s 50 day simple moving average is $36.98 and its two-hundred day simple moving average is $33.73. Anterix Inc. has a 12 month low of $27.37 and a 12 month high of $42.91.

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.