Anterix Inc. (NASDAQ:ATEX – Get Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $33.62, but opened at $32.28. Anterix shares last traded at $33.01, with a volume of 31,957 shares traded.
Analyst Ratings Changes
A number of research firms have weighed in on ATEX. Craig Hallum upgraded Anterix to a “strong-buy” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. lifted their target price on shares of Anterix from $60.00 to $61.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th.
Read Our Latest Stock Report on Anterix
Anterix Trading Up 5.3 %
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new stake in Anterix during the second quarter worth approximately $1,520,000. Renaissance Technologies LLC acquired a new stake in shares of Anterix during the 2nd quarter worth $1,334,000. Gamco Investors INC. ET AL increased its position in shares of Anterix by 24.2% in the first quarter. Gamco Investors INC. ET AL now owns 93,295 shares of the company’s stock worth $3,136,000 after purchasing an additional 18,195 shares during the period. Bank of New York Mellon Corp raised its stake in Anterix by 8.0% in the second quarter. Bank of New York Mellon Corp now owns 50,605 shares of the company’s stock valued at $2,003,000 after purchasing an additional 3,752 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in Anterix during the second quarter worth about $362,000. 87.67% of the stock is 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.
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