MetLife Investment Management LLC Decreases Position in Anterix Inc. (NASDAQ:ATEX)

MetLife Investment Management LLC lessened its holdings in shares of Anterix Inc. (NASDAQ:ATEX) by 25.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 5,553 shares of the company’s stock after selling 1,943 shares during the period. MetLife Investment Management LLC’s holdings in Anterix were worth $209,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. SG Americas Securities LLC purchased a new position in Anterix in the second quarter worth approximately $1,520,000. Bank of New York Mellon Corp increased its position in shares of Anterix by 8.0% during the second quarter. Bank of New York Mellon Corp now owns 50,605 shares of the company’s stock valued at $2,003,000 after acquiring an additional 3,752 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Anterix in the 2nd quarter valued at approximately $28,000. Jupiter Asset Management Ltd. acquired a new position in shares of Anterix in the 2nd quarter worth approximately $200,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Anterix during the 2nd quarter worth approximately $1,334,000. 87.67% of the stock is currently owned by institutional investors and hedge funds.

Anterix Stock Down 1.4 %

Shares of ATEX opened at $33.77 on Monday. Anterix Inc. has a fifty-two week low of $29.12 and a fifty-two week high of $42.41. The company has a market cap of $628.80 million, a P/E ratio of -16.72 and a beta of 0.85. The firm’s 50 day moving average price is $33.76 and its 200 day moving average price is $35.67.

Insider Activity

In other news, Director Leslie B. Daniels bought 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were purchased at an average cost of $32.75 per share, for a total transaction of $65,500.00. Following the completion of the purchase, the director now owns 2,000 shares of the company’s stock, valued at approximately $65,500. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 45.61% of the company’s stock.

Analysts Set New Price Targets

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

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.