Anterix Inc. (NASDAQ:ATEX - Get Free Report) hit a new 52-week low on Friday . The stock traded as low as $27.02 and last traded at $27.10, with a volume of 96760 shares changing hands. The stock had previously closed at $27.97.
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. increased their price objective on shares of Anterix from $61.00 to $67.00 and gave the company an "overweight" rating in a report on Thursday, February 13th.
Check Out Our Latest Analysis on Anterix
Anterix Stock Up 2.2%
The company's fifty day moving average is $31.47 and its two-hundred day moving average is $32.83. The firm has a market capitalization of $514.67 million, a price-to-earnings ratio of -16.99 and a beta of 0.94.
Institutional Investors Weigh In On Anterix
Large investors have recently bought and sold shares of the company. BNP Paribas Financial Markets bought a new stake in Anterix in the fourth quarter valued at approximately $43,000. Federated Hermes Inc. increased its stake in Anterix by 74.0% in the fourth quarter. Federated Hermes Inc. now owns 1,432 shares of the company's stock valued at $44,000 after purchasing an additional 609 shares in the last quarter. Aquatic Capital Management LLC bought a new stake in Anterix in the fourth quarter valued at approximately $47,000. Russell Investments Group Ltd. increased its stake in Anterix by 156.7% in the fourth quarter. Russell Investments Group Ltd. now owns 1,797 shares of the company's stock valued at $55,000 after purchasing an additional 1,097 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in Anterix in the fourth quarter valued at approximately $55,000. Institutional investors own 87.67% of the company's stock.
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.
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