Federated Hermes Inc. Grows Stock Holdings in Anterix Inc. (NASDAQ:ATEX)

Federated Hermes Inc. grew its stake in shares of Anterix Inc. (NASDAQ:ATEX) by 74.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,432 shares of the company’s stock after acquiring an additional 609 shares during the period. Federated Hermes Inc.’s holdings in Anterix were worth $44,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. KLP Kapitalforvaltning AS bought a new stake in shares of Anterix during the 4th quarter valued at $55,000. Russell Investments Group Ltd. grew 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 valued at $55,000 after buying an additional 1,097 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Anterix by 46.3% during the fourth quarter. Wells Fargo & Company MN now owns 5,841 shares of the company’s stock valued at $179,000 after buying an additional 1,849 shares during the period. Intech Investment Management LLC purchased a new stake in shares of Anterix in the fourth quarter worth about $254,000. Finally, Sei Investments Co. bought a new position in shares of Anterix in the fourth quarter valued at approximately $294,000. 87.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. upped their target price on shares of Anterix from $61.00 to $67.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th.

Anterix Stock Performance

Shares of ATEX stock opened at $32.58 on Friday. The company has a market capitalization of $605.56 million, a PE ratio of -19.99 and a beta of 0.95. Anterix Inc. has a 52-week low of $27.37 and a 52-week high of $42.91. The business’s fifty day moving average is $36.91 and its 200 day moving average is $33.68.

Anterix 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.