Kettle Hill Capital Management LLC Purchases New Position in Anterix Inc. (NASDAQ:ATEX)

Kettle Hill Capital Management LLC purchased a new position in shares of Anterix Inc. (NASDAQ:ATEX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 76,709 shares of the company's stock, valued at approximately $2,353,000. Kettle Hill Capital Management LLC owned approximately 0.41% of Anterix at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Deutsche Bank AG raised its position in Anterix by 29.6% during the 4th quarter. Deutsche Bank AG now owns 15,207 shares of the company's stock worth $466,000 after purchasing an additional 3,473 shares during the last quarter. BNP Paribas Financial Markets bought a new position in Anterix during the 4th quarter worth $43,000. Garnet Equity Capital Holdings Inc. grew its holdings in Anterix by 33.3% during the 4th quarter. Garnet Equity Capital Holdings Inc. now owns 388,829 shares of the company's stock worth $11,925,000 after acquiring an additional 97,127 shares during the period. Northern Trust Corp grew its holdings in Anterix by 8.5% during the 4th quarter. Northern Trust Corp now owns 133,270 shares of the company's stock worth $4,087,000 after acquiring an additional 10,463 shares during the period. Finally, Aquatic Capital Management LLC acquired a new stake in Anterix during the 4th quarter worth about $47,000. Institutional investors and hedge funds own 87.67% of the company's stock.

Anterix Price Performance

Shares of ATEX traded down $0.33 during trading hours on Wednesday, hitting $28.06. The stock had a trading volume of 89,569 shares, compared to its average volume of 168,723. The firm has a 50 day simple moving average of $33.30 and a 200-day simple moving average of $33.17. The firm has a market capitalization of $521.55 million, a P/E ratio of -17.21 and a beta of 0.94. Anterix Inc. has a 1-year low of $27.31 and a 1-year high of $42.91.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. raised their target price on Anterix from $61.00 to $67.00 and gave the company an "overweight" rating in a research note 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.