Anterix Inc. (NASDAQ:ATEX) Shares Sold by Bank of America Corp DE

Bank of America Corp DE trimmed its holdings in Anterix Inc. (NASDAQ:ATEX - Free Report) by 67.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 25,379 shares of the company's stock after selling 53,710 shares during the period. Bank of America Corp DE owned 0.14% of Anterix worth $778,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in ATEX. Two Sigma Securities LLC lifted its position in shares of Anterix by 5.0% in the fourth quarter. Two Sigma Securities LLC now owns 8,972 shares of the company's stock valued at $275,000 after acquiring an additional 426 shares in the last quarter. Federated Hermes Inc. raised its stake in Anterix by 74.0% in the 4th quarter. Federated Hermes Inc. now owns 1,432 shares of the company's stock valued at $44,000 after purchasing an additional 609 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in Anterix by 156.7% in the 4th 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. Charles Schwab Investment Management Inc. boosted its stake in shares of Anterix by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 134,400 shares of the company's stock worth $4,122,000 after purchasing an additional 1,183 shares during the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Anterix during the 4th quarter worth about $43,000. 87.67% of the stock is currently owned by hedge funds and other institutional investors.

Anterix Stock Up 1.8%

Shares of Anterix stock opened at $27.84 on Monday. Anterix Inc. has a fifty-two week low of $25.32 and a fifty-two week high of $42.91. The business's fifty day moving average is $29.84 and its two-hundred day moving average is $32.47. The firm has a market cap of $517.46 million, a PE ratio of -17.08 and a beta of 0.88.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. boosted their price objective on shares of Anterix from $61.00 to $67.00 and gave the company an "overweight" rating in a research report 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.

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