Bank of New York Mellon Corp Sells 4,306 Shares of Anterix Inc. (NASDAQ:ATEX)

Bank of New York Mellon Corp cut its stake in shares of Anterix Inc. (NASDAQ:ATEX) by 11.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,692 shares of the company’s stock after selling 4,306 shares during the quarter. Bank of New York Mellon Corp owned 0.19% of Anterix worth $1,064,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in ATEX. Point72 DIFC Ltd raised its position in Anterix by 440.8% during the 3rd quarter. Point72 DIFC Ltd now owns 2,639 shares of the company’s stock valued at $99,000 after purchasing an additional 2,151 shares during the last quarter. Y Intercept Hong Kong Ltd increased its holdings in shares of Anterix by 14.6% during the third quarter. Y Intercept Hong Kong Ltd now owns 8,742 shares of the company’s stock valued at $329,000 after acquiring an additional 1,112 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Anterix by 8,107.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 11,080 shares of the company’s stock valued at $333,000 after purchasing an additional 10,945 shares in the last quarter. Inspire Investing LLC raised its holdings in Anterix by 19.4% in the 4th quarter. Inspire Investing LLC now owns 13,018 shares of the company’s stock worth $399,000 after acquiring an additional 2,115 shares during the last quarter. Finally, Centiva Capital LP purchased a new position in shares of Anterix in the third quarter worth $445,000. Institutional investors own 87.67% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Anterix Stock Up 0.9 %

Shares of ATEX opened at $38.14 on Tuesday. The business has a 50-day simple moving average of $34.92 and a two-hundred day simple moving average of $34.20. Anterix Inc. has a 52 week low of $27.37 and a 52 week high of $42.91. The stock has a market cap of $708.91 million, a price-to-earnings ratio of -23.40 and a beta of 0.86.

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.