Rhumbline Advisers Trims Position in Anterix Inc. (NASDAQ:ATEX)

Rhumbline Advisers reduced its holdings in Anterix Inc. (NASDAQ:ATEX) by 2.6% during the 4th quarter, Holdings Channel reports. The fund owned 20,714 shares of the company’s stock after selling 551 shares during the period. Rhumbline Advisers’ holdings in Anterix were worth $635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Y Intercept Hong Kong Ltd increased its position in shares of Anterix by 14.6% during the third quarter. Y Intercept Hong Kong Ltd now owns 8,742 shares of the company’s stock worth $329,000 after purchasing an additional 1,112 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in Anterix during the 3rd quarter worth $58,000. Los Angeles Capital Management LLC grew its holdings in shares of Anterix by 25.8% during the third quarter. Los Angeles Capital Management LLC now owns 9,800 shares of the company’s stock worth $369,000 after buying an additional 2,009 shares in the last quarter. Inspire Investing LLC raised its position in shares of Anterix by 19.4% in the fourth quarter. Inspire Investing LLC now owns 13,018 shares of the company’s stock valued at $399,000 after buying an additional 2,115 shares during the last quarter. Finally, Point72 DIFC Ltd raised its position in shares of Anterix by 440.8% in the third quarter. Point72 DIFC Ltd now owns 2,639 shares of the company’s stock valued at $99,000 after buying an additional 2,151 shares during the last quarter. Institutional investors and hedge funds own 87.67% of the company’s stock.

Anterix Trading Up 1.0 %

ATEX stock opened at $39.25 on Friday. The business’s fifty day moving average price is $33.08 and its 200 day moving average price is $34.08. Anterix Inc. has a 12-month low of $27.37 and a 12-month high of $42.91. The company has a market capitalization of $729.54 million, a PE ratio of -24.08 and a beta of 0.86.

Analyst Upgrades and Downgrades

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

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.