JPMorgan Chase & Co. Issues Positive Forecast for Anterix (NASDAQ:ATEX) Stock Price

Anterix (NASDAQ:ATEX) had its target price increased by JPMorgan Chase & Co. from $61.00 to $67.00 in a research report released on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Anterix Price Performance

NASDAQ ATEX opened at $40.52 on Thursday. The business’s fifty day moving average is $30.64 and its 200-day moving average is $33.93. The stock has a market capitalization of $754.48 million, a price-to-earnings ratio of -20.06 and a beta of 0.87. Anterix has a one year low of $27.37 and a one year high of $42.41.

Insider Buying and Selling at Anterix

In other news, Director Mark Fleischhauer bought 3,500 shares of the stock in a transaction on Thursday, December 5th. The shares were purchased at an average cost of $34.19 per share, for a total transaction of $119,665.00. Following the completion of the purchase, the director now directly owns 3,500 shares in the company, valued at $119,665. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Leslie B. Daniels purchased 2,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were purchased at an average cost of $32.75 per share, for a total transaction of $65,500.00. Following the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $65,500. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 45.61% of the company’s stock.

Hedge Funds Weigh In On Anterix

Large investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company bought a new position in Anterix in the 2nd quarter worth approximately $203,000. Inspire Investing LLC purchased a new stake in shares of Anterix during the third quarter worth $411,000. nVerses Capital LLC bought a new position in shares of Anterix in the third quarter worth $45,000. Woodmont Investment Counsel LLC grew its position in shares of 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 purchasing an additional 800 shares in the last quarter. Finally, Los Angeles Capital Management LLC grew its position in shares of Anterix by 25.8% in 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 in the last quarter. Hedge funds and other institutional investors own 87.67% of the company’s stock.

About Anterix

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.