Anterix (NASDAQ:ATEX) Stock Price Up 4.1% – Should You Buy?

Anterix Inc. (NASDAQ:ATEX)’s stock price rose 4.1% during trading on Monday . The stock traded as high as $37.94 and last traded at $37.23. Approximately 58,183 shares changed hands during trading, a decline of 64% from the average daily volume of 163,550 shares. The stock had previously closed at $35.76.

Wall Street Analyst Weigh In

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

Anterix Price Performance

The company has a 50 day moving average of $35.59 and a 200-day moving average of $34.20. The company has a market cap of $685.67 million, a P/E ratio of -22.63 and a beta of 0.86.

Institutional Trading of Anterix

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Anterix by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 1,034,979 shares of the company’s stock worth $31,743,000 after acquiring an additional 34,836 shares during the period. DG Capital Management LLC purchased a new stake in Anterix in the fourth quarter worth $13,158,000. Garnet Equity Capital Holdings Inc. raised its holdings in Anterix by 33.3% in the fourth quarter. Garnet Equity Capital Holdings Inc. now owns 388,829 shares of the company’s stock worth $11,925,000 after purchasing an additional 97,127 shares in the last quarter. Geode Capital Management LLC lifted its position in Anterix by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 358,882 shares of the company’s stock valued at $11,010,000 after buying an additional 3,398 shares during the period. Finally, FMR LLC boosted its holdings in shares of Anterix by 76.4% during the 3rd quarter. FMR LLC now owns 250,955 shares of the company’s stock valued at $9,451,000 after buying an additional 108,683 shares in the last quarter. Institutional investors own 87.67% of the company’s stock.

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.