Allspring Global Investments Holdings LLC Purchases 10,945 Shares of Anterix Inc. (NASDAQ:ATEX)

Allspring Global Investments Holdings LLC grew its holdings in shares of Anterix Inc. (NASDAQ:ATEX) by 8,107.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,080 shares of the company’s stock after acquiring an additional 10,945 shares during the period. Allspring Global Investments Holdings LLC owned about 0.06% of Anterix worth $333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in ATEX. FMR LLC lifted its position in shares of Anterix by 76.4% in the third quarter. FMR LLC now owns 250,955 shares of the company’s stock valued at $9,451,000 after acquiring an additional 108,683 shares in the last quarter. Jane Street Group LLC boosted its position in Anterix by 78.2% in the 3rd quarter. Jane Street Group LLC now owns 128,892 shares of the company’s stock valued at $4,854,000 after buying an additional 56,559 shares during the period. Woodmont Investment Counsel LLC increased its holdings in Anterix by 2.4% during the 3rd quarter. Woodmont Investment Counsel LLC now owns 34,545 shares of the company’s stock worth $1,301,000 after purchasing an additional 800 shares during the period. JPMorgan Chase & Co. grew its holdings in Anterix by 188.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 33,832 shares of the company’s stock worth $1,274,000 after acquiring an additional 22,092 shares in the last quarter. Finally, Verition Fund Management LLC lifted its holdings in Anterix by 309.1% during the third quarter. Verition Fund Management LLC now owns 22,199 shares of the company’s stock worth $836,000 after buying an additional 16,773 shares during the period. Institutional investors own 87.67% of the company’s stock.

Anterix Stock Performance

Shares of ATEX stock opened at $37.45 on Wednesday. The stock’s 50-day simple moving average is $31.84 and its 200-day simple moving average is $34.00. The firm has a market capitalization of $696.20 million, a PE ratio of -22.98 and a beta of 0.87. Anterix Inc. has a fifty-two week low of $27.37 and a fifty-two week high of $42.91.

Insider Activity at Anterix

In other news, Director Mark Fleischhauer purchased 3,500 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were purchased at an average cost of $34.19 per share, with a total value of $119,665.00. Following the completion of the acquisition, the director now owns 3,500 shares of the company’s stock, valued at approximately $119,665. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 45.61% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. increased their target price 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.

Anterix 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.