Anterix Inc. (NASDAQ:ATEX) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its stake in Anterix Inc. (NASDAQ:ATEX) by 156.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,797 shares of the company’s stock after buying an additional 1,097 shares during the period. Russell Investments Group Ltd.’s holdings in Anterix were worth $55,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Wells Fargo & Company MN grew its position in Anterix by 46.3% in the fourth quarter. Wells Fargo & Company MN now owns 5,841 shares of the company’s stock valued at $179,000 after acquiring an additional 1,849 shares in the last quarter. ExodusPoint Capital Management LP purchased a new position in shares of Anterix in the fourth quarter valued at $2,405,000. Geode Capital Management LLC grew its holdings in Anterix by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 358,882 shares of the company’s stock valued at $11,010,000 after purchasing an additional 3,398 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Anterix by 91.2% during the 4th quarter. JPMorgan Chase & Co. now owns 64,692 shares of the company’s stock worth $1,984,000 after buying an additional 30,860 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Anterix by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 1,034,979 shares of the company’s stock worth $31,743,000 after buying an additional 34,836 shares in the last quarter. 87.67% of the stock is currently owned by hedge funds and other institutional investors.

Anterix Stock Down 3.2 %

Shares of ATEX opened at $29.15 on Friday. Anterix Inc. has a 52-week low of $27.37 and a 52-week high of $42.91. The firm has a market cap of $541.81 million, a price-to-earnings ratio of -17.88 and a beta of 0.95. The business’s 50 day moving average is $35.87 and its two-hundred day moving average is $33.50.

Analysts Set New Price Targets

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

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.