JPMorgan Chase & Co. Raises Anterix (NASDAQ:ATEX) Price Target to $67.00

Anterix (NASDAQ:ATEX) had its price target hoisted by research analysts at JPMorgan Chase & Co. from $61.00 to $67.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 60.83% from the stock’s current price.

Anterix Stock Up 2.8 %

Shares of NASDAQ:ATEX opened at $41.66 on Thursday. The business has a fifty day simple moving average of $30.93 and a 200-day simple moving average of $33.99. Anterix has a 52 week low of $27.37 and a 52 week high of $42.41. The company has a market cap of $775.71 million, a P/E ratio of -20.62 and a beta of 0.87.

Insider Buying and Selling at Anterix

In related news, Director Leslie B. Daniels acquired 2,000 shares of Anterix stock in a transaction on Wednesday, November 20th. The shares were bought at an average price of $32.75 per share, for a total transaction of $65,500.00. Following the completion of the purchase, the director now directly owns 2,000 shares in the company, valued at $65,500. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mark Fleischhauer acquired 3,500 shares of Anterix stock in a transaction on Thursday, December 5th. The shares were bought at an average price of $34.19 per share, for a total transaction of $119,665.00. Following the purchase, the director now owns 3,500 shares of the company’s stock, valued at $119,665. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 45.61% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company acquired a new position in shares of Anterix in the second quarter worth about $203,000. Inspire Investing LLC bought a new stake in Anterix in the third quarter valued at about $411,000. nVerses Capital LLC bought a new stake in Anterix in the third quarter valued at about $45,000. Woodmont Investment Counsel LLC increased its holdings in Anterix by 2.4% in the third quarter. Woodmont Investment Counsel LLC now owns 34,545 shares of the company’s stock valued at $1,301,000 after buying an additional 800 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its holdings in shares of Anterix by 25.8% during the third quarter. Los Angeles Capital Management LLC now owns 9,800 shares of the company’s stock valued at $369,000 after purchasing an additional 2,009 shares during the last quarter. Institutional investors and hedge funds own 87.67% of the company’s stock.

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.