Northern Trust Corp Raises Holdings in Anterix Inc. (NASDAQ:ATEX)

Northern Trust Corp lifted its position in shares of Anterix Inc. (NASDAQ:ATEX - Free Report) by 8.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 133,270 shares of the company's stock after buying an additional 10,463 shares during the quarter. Northern Trust Corp owned approximately 0.72% of Anterix worth $4,087,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. DG Capital Management LLC bought a new stake in Anterix during the fourth quarter valued at about $13,158,000. ExodusPoint Capital Management LP acquired a new stake in Anterix in the fourth quarter worth about $2,405,000. Gamco Investors INC. ET AL boosted its holdings in Anterix by 45.7% in the fourth quarter. Gamco Investors INC. ET AL now owns 148,270 shares of the company's stock worth $4,547,000 after acquiring an additional 46,500 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Anterix by 3.5% in the fourth 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 in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Anterix by 91.2% in the fourth 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 in the last quarter. Institutional investors own 87.67% of the company's stock.

Wall Street Analysts Forecast Growth

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

Anterix Trading Down 1.3%

Shares of NASDAQ ATEX traded down $0.37 during trading on Wednesday, reaching $27.33. 4,597 shares of the company traded hands, compared to its average volume of 168,348. The firm's fifty day simple moving average is $31.47 and its 200 day simple moving average is $32.83. The stock has a market cap of $507.89 million, a P/E ratio of -16.78 and a beta of 0.94. Anterix Inc. has a 12-month low of $27.02 and a 12-month high of $42.91.

Anterix Company Profile

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.