Anterix Inc. (NASDAQ:ATEX) Stock Holdings Reduced by Clearbridge Investments LLC

Clearbridge Investments LLC reduced its position in Anterix Inc. (NASDAQ:ATEX) by 1.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 299,605 shares of the company’s stock after selling 3,521 shares during the period. Clearbridge Investments LLC’s holdings in Anterix were worth $9,189,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Y Intercept Hong Kong Ltd grew its stake in shares of Anterix by 14.6% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 8,742 shares of the company’s stock valued at $329,000 after buying an additional 1,112 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Anterix by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 134,400 shares of the company’s stock valued at $4,122,000 after acquiring an additional 1,183 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Anterix in the fourth quarter worth approximately $55,000. Inspire Investing LLC increased its stake in shares of Anterix by 19.4% during the 4th quarter. Inspire Investing LLC now owns 13,018 shares of the company’s stock worth $399,000 after purchasing an additional 2,115 shares during the last quarter. Finally, Point72 DIFC Ltd raised its holdings in shares of Anterix by 440.8% during the 3rd quarter. Point72 DIFC Ltd now owns 2,639 shares of the company’s stock valued at $99,000 after purchasing an additional 2,151 shares in the last quarter. 87.67% of the stock is owned by hedge funds and other institutional investors.

Anterix Stock Performance

Shares of ATEX stock opened at $36.62 on Thursday. The company has a market capitalization of $680.66 million, a price-to-earnings ratio of -22.47 and a beta of 0.86. The stock’s 50 day simple moving average is $35.96 and its 200 day simple moving average is $34.18. Anterix Inc. has a twelve month low of $27.37 and a twelve month high of $42.91.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. upped their price objective on shares of Anterix from $61.00 to $67.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th.

Anterix Company 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.