Gabelli Funds LLC Lowers Stake in Anterix Inc. (NASDAQ:ATEX)

Gabelli Funds LLC cut its stake in Anterix Inc. (NASDAQ:ATEX) by 2.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 136,800 shares of the company’s stock after selling 3,622 shares during the quarter. Gabelli Funds LLC owned about 0.73% of Anterix worth $4,196,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in ATEX. Federated Hermes Inc. grew its stake in Anterix by 74.0% in the fourth quarter. Federated Hermes Inc. now owns 1,432 shares of the company’s stock valued at $44,000 after purchasing an additional 609 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Anterix in the 4th quarter valued at about $55,000. Russell Investments Group Ltd. grew its position in shares of Anterix by 156.7% in the 4th quarter. Russell Investments Group Ltd. now owns 1,797 shares of the company’s stock worth $55,000 after buying an additional 1,097 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Anterix by 46.3% during the 4th quarter. Wells Fargo & Company MN now owns 5,841 shares of the company’s stock worth $179,000 after acquiring an additional 1,849 shares in the last quarter. Finally, Martingale Asset Management L P purchased a new stake in Anterix during the fourth quarter valued at approximately $204,000. 87.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Anterix Stock Performance

Anterix stock opened at $32.58 on Friday. The stock has a market cap of $605.56 million, a PE ratio of -19.99 and a beta of 0.95. The stock has a 50-day moving average of $36.98 and a two-hundred day moving average of $33.73. Anterix Inc. has a one year low of $27.37 and a one year high of $42.91.

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.