Anterix Inc. (NASDAQ:ATEX) is Garnet Equity Capital Holdings Inc.'s 7th Largest Position

Garnet Equity Capital Holdings Inc. grew its holdings in shares of Anterix Inc. (NASDAQ:ATEX - Free Report) by 33.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 388,829 shares of the company's stock after purchasing an additional 97,127 shares during the period. Anterix makes up approximately 1.7% of Garnet Equity Capital Holdings Inc.'s holdings, making the stock its 7th largest position. Garnet Equity Capital Holdings Inc. owned approximately 2.09% of Anterix worth $11,925,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Federated Hermes Inc. lifted its position 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 acquiring an additional 609 shares in the last quarter. Aquatic Capital Management LLC bought a new stake in Anterix in the 4th quarter worth about $47,000. KLP Kapitalforvaltning AS purchased a new position in Anterix in the 4th quarter worth about $55,000. Russell Investments Group Ltd. lifted its stake in Anterix by 156.7% during the 4th quarter. Russell Investments Group Ltd. now owns 1,797 shares of the company's stock valued at $55,000 after acquiring an additional 1,097 shares during the period. Finally, Wells Fargo & Company MN grew its stake in shares of Anterix by 46.3% in the fourth quarter. Wells Fargo & Company MN now owns 5,841 shares of the company's stock worth $179,000 after acquiring an additional 1,849 shares during the period. 87.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Anterix Stock Down 0.4 %

NASDAQ:ATEX traded down $0.12 on Friday, hitting $29.84. The stock had a trading volume of 92,341 shares, compared to its average volume of 168,005. The business's 50-day simple moving average is $35.04 and its two-hundred day simple moving average is $33.42. The stock has a market cap of $554.64 million, a price-to-earnings ratio of -18.31 and a beta of 0.95. Anterix Inc. has a 52-week low of $27.37 and a 52-week 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.