Point72 Asia Singapore Pte. Ltd. purchased a new stake in Anterix Inc. (NASDAQ:ATEX – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,314 shares of the company’s stock, valued at approximately $92,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new position in Anterix in the 2nd quarter valued at approximately $28,000. Motco acquired a new position in shares of Anterix during the first quarter worth $44,000. Jupiter Asset Management Ltd. bought a new position in shares of Anterix in the 2nd quarter valued at $200,000. Los Angeles Capital Management LLC acquired a new stake in shares of Anterix during the 1st quarter valued at $302,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Anterix during the 2nd quarter worth $362,000. 87.67% of the stock is owned by institutional investors.
Anterix Stock Performance
Shares of NASDAQ ATEX opened at $38.28 on Friday. The firm has a 50 day moving average price of $37.99 and a two-hundred day moving average price of $35.30. The stock has a market cap of $711.63 million, a P/E ratio of -78.12 and a beta of 0.83. Anterix Inc. has a 52-week low of $28.70 and a 52-week high of $42.41.
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. upped their target price on Anterix from $60.00 to $61.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th.
Check Out Our Latest Report on Anterix
About Anterix
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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