Geode Capital Management LLC Trims Holdings in Anterix Inc. (NASDAQ:ATEX)

Geode Capital Management LLC decreased its holdings in Anterix Inc. (NASDAQ:ATEX) by 2.3% in the 3rd quarter, Holdings Channel reports. The firm owned 355,484 shares of the company’s stock after selling 8,259 shares during the period. Geode Capital Management LLC’s holdings in Anterix were worth $13,391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of ATEX. Bank of New York Mellon Corp raised its position in Anterix by 8.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 50,605 shares of the company’s stock valued at $2,003,000 after purchasing an additional 3,752 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Anterix in the 2nd quarter valued at $28,000. Jupiter Asset Management Ltd. purchased a new stake in Anterix in the 2nd quarter valued at $200,000. Renaissance Technologies LLC purchased a new stake in Anterix in the 2nd quarter valued at $1,334,000. Finally, Gabelli Funds LLC raised its position in Anterix by 4.7% in the 2nd quarter. Gabelli Funds LLC now owns 140,422 shares of the company’s stock valued at $5,559,000 after purchasing an additional 6,322 shares during the last quarter. Hedge funds and other institutional investors own 87.67% of the company’s stock.

Anterix Stock Performance

Shares of Anterix stock opened at $30.51 on Tuesday. The company has a market cap of $568.04 million, a P/E ratio of -15.10 and a beta of 0.85. Anterix Inc. has a one year low of $29.12 and a one year high of $42.41. The firm has a fifty day moving average of $33.05 and a two-hundred day moving average of $35.59.

Insiders Place Their Bets

In related news, Director Leslie B. Daniels purchased 2,000 shares of the stock in a transaction dated Wednesday, November 20th. The shares were acquired at an average cost 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 $65,500. This trade represents a ? increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Mark Fleischhauer purchased 3,500 shares of the stock in a transaction dated Thursday, December 5th. The shares were bought at an average cost of $34.19 per share, for a total transaction of $119,665.00. Following the completion of the purchase, the director now owns 3,500 shares in the company, valued at approximately $119,665. This trade represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. 45.61% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, Craig Hallum upgraded shares of Anterix to a “strong-buy” rating in a research report 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.