Anterix Inc. (NASDAQ:ATEX – Get Rating)’s stock price was up 5.1% during trading on Friday . The stock traded as high as $33.39 and last traded at $32.71. Approximately 64,626 shares were traded during mid-day trading, a decline of 51% from the average daily volume of 132,010 shares. The stock had previously closed at $31.11.
Wall Street Analyst Weigh In
Separately, Morgan Stanley dropped their target price on shares of Anterix from $63.00 to $42.00 and set an “equal weight” rating for the company in a research report on Friday, February 24th.
Anterix Stock Performance
The company has a market capitalization of $604.94 million, a P/E ratio of -14.00 and a beta of 0.63. The firm’s fifty day moving average is $31.42 and its 200-day moving average is $33.02.
Insiders Place Their Bets
Institutional Investors Weigh In On Anterix
Institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in Anterix by 6.6% in the first quarter. JPMorgan Chase & Co. now owns 16,109 shares of the company’s stock valued at $532,000 after purchasing an additional 1,000 shares in the last quarter. State Street Corp boosted its holdings in Anterix by 2.7% in the first quarter. State Street Corp now owns 397,365 shares of the company’s stock valued at $13,129,000 after acquiring an additional 10,443 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Anterix by 3.5% during the 1st quarter. Geode Capital Management LLC now owns 379,648 shares of the company’s stock valued at $12,544,000 after buying an additional 12,757 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of Anterix by 48.7% during the 1st quarter. Deutsche Bank AG now owns 13,233 shares of the company’s stock valued at $437,000 after buying an additional 4,333 shares in the last quarter. Finally, CenterBook Partners LP raised its position in shares of Anterix by 14.1% in the 1st quarter. CenterBook Partners LP now owns 22,094 shares of the company’s stock worth $730,000 after purchasing an additional 2,734 shares during the last quarter. 83.53% of the stock is owned by hedge funds and other institutional investors.
Anterix, Inc operates as a wireless communications company. The firm focuses on commercializing spectrum assets to enable targeted utility and critical infrastructure customers to deploy private broadband networks, technologies and solutions. It’s solutions include Private LTE and Active Ecosystem. The company was founded by Peter Joel Lasensky and Richard Edward Rohmann in 1997 and is headquartered in Woodland Park, NJ.
- Get a free copy of the StockNews.com research report on Anterix (ATEX)
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