State Street Corp Reduces Position in Anterix Inc. (NASDAQ:ATEX)

State Street Corp reduced its holdings in Anterix Inc. (NASDAQ:ATEX) by 3.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 348,666 shares of the company’s stock after selling 11,568 shares during the period. State Street Corp’s holdings in Anterix were worth $13,131,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new stake in Anterix in the 2nd quarter valued at about $28,000. nVerses Capital LLC purchased a new stake in shares of Anterix in the third quarter valued at approximately $45,000. Meeder Asset Management Inc. purchased a new stake in shares of Anterix in the third quarter valued at approximately $58,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Anterix in the second quarter valued at approximately $92,000. Finally, Point72 DIFC Ltd lifted its position in Anterix by 440.8% during the third quarter. Point72 DIFC Ltd now owns 2,639 shares of the company’s stock worth $99,000 after buying an additional 2,151 shares in the last quarter. 87.67% of the stock is owned by hedge funds and other institutional investors.

Anterix Price Performance

NASDAQ:ATEX opened at $31.16 on Thursday. The company’s 50-day moving average is $33.22 and its two-hundred day moving average is $35.62. Anterix Inc. has a 1-year low of $29.12 and a 1-year high of $42.41. The firm has a market capitalization of $580.14 million, a price-to-earnings ratio of -15.43 and a beta of 0.85.

Analyst Upgrades and Downgrades

Separately, Craig Hallum upgraded Anterix to a “strong-buy” rating in a report on Wednesday, October 9th.

Insider Activity

In other Anterix news, Director Leslie B. Daniels purchased 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were acquired at an average price of $32.75 per share, with a total value of $65,500.00. Following the purchase, the director now directly owns 2,000 shares in the company, valued at approximately $65,500. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mark Fleischhauer acquired 3,500 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were acquired at an average cost of $34.19 per share, with a total value of $119,665.00. Following the completion of the transaction, the director now directly owns 3,500 shares in the company, valued at approximately $119,665. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 45.61% of the company’s stock.

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.