Rhumbline Advisers Sells 551 Shares of Anterix Inc. (NASDAQ:ATEX)

Rhumbline Advisers decreased its position in shares of Anterix Inc. (NASDAQ:ATEX) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,714 shares of the company’s stock after selling 551 shares during the period. Rhumbline Advisers owned approximately 0.11% of Anterix worth $635,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in ATEX. Los Angeles Capital Management LLC grew its holdings in Anterix by 25.8% during the 3rd quarter. Los Angeles Capital Management LLC now owns 9,800 shares of the company’s stock valued at $369,000 after buying an additional 2,009 shares in the last quarter. Versor Investments LP bought a new position in shares of Anterix during the 3rd quarter valued at approximately $211,000. Quest Partners LLC purchased a new position in shares of Anterix in the third quarter valued at $759,000. Meeder Asset Management Inc. bought a new stake in Anterix in the third quarter worth $58,000. Finally, FMR LLC raised its stake in Anterix by 76.4% during the third quarter. FMR LLC now owns 250,955 shares of the company’s stock valued at $9,451,000 after purchasing an additional 108,683 shares in the last quarter. 87.67% of the stock is owned by institutional investors.

Anterix Price Performance

Shares of NASDAQ ATEX opened at $39.25 on Friday. Anterix Inc. has a 1-year low of $27.37 and a 1-year high of $42.91. The business’s 50 day moving average is $33.08 and its two-hundred day moving average is $34.08. The stock has a market capitalization of $729.54 million, a P/E ratio of -24.08 and a beta of 0.86.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lifted their price objective on shares of Anterix from $61.00 to $67.00 and gave the stock an “overweight” rating in a research note 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.