Quest Partners LLC Makes New $759,000 Investment in Anterix Inc. (NASDAQ:ATEX)

Quest Partners LLC acquired a new position in shares of Anterix Inc. (NASDAQ:ATEX) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 20,166 shares of the company’s stock, valued at approximately $759,000. Quest Partners LLC owned approximately 0.11% of Anterix at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ATEX. Allspring Global Investments Holdings LLC bought a new stake in shares of Anterix in the 2nd quarter valued at approximately $28,000. nVerses Capital LLC purchased a new stake in Anterix during the 3rd quarter valued at $45,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Anterix in the second quarter worth $92,000. Jupiter Asset Management Ltd. purchased a new position in Anterix during the second quarter worth $200,000. Finally, The Manufacturers Life Insurance Company bought a new position in Anterix during the second quarter valued at $203,000. 87.67% of the stock is currently owned by institutional investors.

Anterix Trading Up 0.2 %

ATEX opened at $33.13 on Friday. The firm has a 50 day moving average of $34.90 and a two-hundred day moving average of $35.52. The firm has a market capitalization of $616.95 million, a PE ratio of -16.38 and a beta of 0.85. Anterix Inc. has a 12-month low of $29.12 and a 12-month high of $42.41.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Craig Hallum upgraded shares of Anterix to a “strong-buy” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. boosted their price target on Anterix from $60.00 to $61.00 and gave the company an “overweight” rating in a report on Thursday, August 8th.

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.