Nuveen Asset Management LLC Acquires 38,770 Shares of Anterix Inc. (NASDAQ:ATEX)

Nuveen Asset Management LLC increased its stake in Anterix Inc. (NASDAQ:ATEX - Free Report) by 26.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 185,573 shares of the company's stock after buying an additional 38,770 shares during the period. Nuveen Asset Management LLC owned 1.00% of Anterix worth $5,692,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Millennium Management LLC grew its position in Anterix by 20.2% during the 4th quarter. Millennium Management LLC now owns 77,330 shares of the company's stock valued at $2,372,000 after purchasing an additional 13,017 shares during the last quarter. Kettle Hill Capital Management LLC bought a new position in shares of Anterix in the fourth quarter worth approximately $2,353,000. Deutsche Bank AG grew its holdings in shares of Anterix by 29.6% during the fourth quarter. Deutsche Bank AG now owns 15,207 shares of the company's stock valued at $466,000 after buying an additional 3,473 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in shares of Anterix during the fourth quarter valued at approximately $43,000. Finally, Garnet Equity Capital Holdings Inc. raised its holdings 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 acquiring an additional 97,127 shares during the last quarter. Institutional investors own 87.67% of the company's stock.

Analysts Set New Price Targets

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

Anterix Price Performance

Anterix stock traded up $0.22 during mid-day trading on Wednesday, reaching $26.90. 18,655 shares of the stock traded hands, compared to its average volume of 169,832. Anterix Inc. has a 12-month low of $25.32 and a 12-month high of $42.91. The business's 50-day moving average is $30.38 and its 200-day moving average is $32.59. The stock has a market capitalization of $499.99 million, a PE ratio of -16.45 and a beta of 0.94.

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.