Millennium Management LLC Purchases 13,017 Shares of Anterix Inc. (NASDAQ:ATEX)

Millennium Management LLC increased its position in Anterix Inc. (NASDAQ:ATEX - Free Report) by 20.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 77,330 shares of the company's stock after acquiring an additional 13,017 shares during the quarter. Millennium Management LLC owned about 0.42% of Anterix worth $2,372,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its holdings in Anterix by 8,107.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 11,080 shares of the company's stock worth $333,000 after acquiring an additional 10,945 shares during the last quarter. Sei Investments Co. purchased a new stake in Anterix in the 4th quarter worth about $294,000. Intech Investment Management LLC purchased a new stake in Anterix in the 4th quarter worth about $254,000. Vanguard Group Inc. increased its holdings in Anterix by 3.5% in 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 last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Anterix by 91.2% in the 4th quarter. JPMorgan Chase & Co. now owns 64,692 shares of the company's stock worth $1,984,000 after acquiring an additional 30,860 shares during the last quarter. Hedge funds and other institutional investors own 87.67% of the company's stock.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lifted their target price on Anterix from $61.00 to $67.00 and gave the company an "overweight" rating in a report on Thursday, February 13th.

Anterix Price Performance

ATEX stock traded up $0.26 during mid-day trading on Thursday, reaching $27.25. 5,567 shares of the company traded hands, compared to its average volume of 169,833. The company has a market capitalization of $506.48 million, a P/E ratio of -16.71 and a beta of 0.94. Anterix Inc. has a 52-week low of $25.32 and a 52-week high of $42.91. The company has a fifty day moving average price of $30.20 and a 200-day moving average price of $32.55.

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.