Anterix Inc. (NASDAQ:ATEX - Get Free Report) reached a new 52-week low on Thursday . The company traded as low as $27.31 and last traded at $28.52, with a volume of 192758 shares trading hands. The stock had previously closed at $28.64.
Analyst Upgrades and Downgrades
Separately, JPMorgan Chase & Co. lifted their price objective on Anterix from $61.00 to $67.00 and gave the company an "overweight" rating in a report on Thursday, February 13th.
Get Our Latest Stock Report on ATEX
Anterix Price Performance
The business's 50 day moving average price is $33.93 and its 200-day moving average price is $33.27. The company has a market cap of $535.68 million, a P/E ratio of -17.68 and a beta of 0.94.
Institutional Trading of Anterix
A number of hedge funds and other institutional investors have recently made changes to their positions in ATEX. DG Capital Management LLC bought a new stake in Anterix during the 4th quarter worth about $13,158,000. Garnet Equity Capital Holdings Inc. raised its position in Anterix by 33.3% in the 4th 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 during the last quarter. ExodusPoint Capital Management LP bought a new position in Anterix in the 4th quarter worth approximately $2,405,000. Kettle Hill Capital Management LLC acquired a new stake in shares of Anterix in the 4th quarter valued at $2,353,000. Finally, Gamco Investors INC. ET AL increased its stake in shares of Anterix by 45.7% in the 4th quarter. Gamco Investors INC. ET AL now owns 148,270 shares of the company's stock valued at $4,547,000 after buying an additional 46,500 shares during the period. 87.67% of the stock is currently owned by institutional investors and hedge funds.
About Anterix
(
Get Free Report)
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.
Read More
Before you consider Anterix, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Anterix wasn't on the list.
While Anterix currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
