GABELLI & Co INVESTMENT ADVISERS INC. Trims Stake in Anterix Inc. $ATEX

GABELLI & Co INVESTMENT ADVISERS INC. lowered its holdings in Anterix Inc. (NASDAQ:ATEX) by 41.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,650 shares of the company’s stock after selling 21,550 shares during the quarter. GABELLI & Co INVESTMENT ADVISERS INC.’s holdings in Anterix were worth $669,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Gamco Investors INC. ET AL raised its position in Anterix by 32.0% in the fourth quarter. Gamco Investors INC. ET AL now owns 422,470 shares of the company’s stock valued at $9,223,000 after purchasing an additional 102,400 shares during the period. Gabelli Funds LLC raised its holdings in shares of Anterix by 6.5% in the 4th quarter. Gabelli Funds LLC now owns 304,907 shares of the company’s stock valued at $6,656,000 after buying an additional 18,625 shares during the period. Strs Ohio raised its holdings in shares of Anterix by 132.5% in the 4th quarter. Strs Ohio now owns 26,500 shares of the company’s stock valued at $578,000 after buying an additional 15,100 shares during the period. Waterfront Wealth Inc. purchased a new stake in shares of Anterix in the 4th quarter valued at $1,150,000. Finally, Kirr Marbach & Co. LLC IN raised its holdings in shares of Anterix by 3.7% in the 4th quarter. Kirr Marbach & Co. LLC IN now owns 100,418 shares of the company’s stock valued at $2,192,000 after buying an additional 3,569 shares during the period. Hedge funds and other institutional investors own 87.67% of the company’s stock.

Anterix Stock Performance

ATEX stock opened at $57.06 on Monday. The company has a market capitalization of $1.07 billion, a PE ratio of 13.12 and a beta of 0.86. Anterix Inc. has a 12-month low of $17.58 and a 12-month high of $59.19. The business’s fifty day moving average price is $42.84 and its 200 day moving average price is $30.92.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ATEX. Zacks Research downgraded Anterix from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 5th. Weiss Ratings upgraded Anterix from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Anterix presently has a consensus rating of “Hold” and an average target price of $50.00.

About Anterix

Anterix, Inc is a specialized telecommunications company focused on delivering private broadband networks for utilities and other critical infrastructure industries. The company owns and operates dedicated 900 MHz spectrum that enables reliable, secure and high-performance wireless communications to support grid modernization, smart metering, distribution automation and other mission-critical applications. By leveraging this spectrum, Anterix helps electric, water and gas utilities deploy advanced communications capabilities to enhance operational efficiency and resiliency.

At the core of Anterix’s offering is its licensed 900 MHz spectrum, which provides superior propagation characteristics compared with unlicensed options and allows for cost-effective coverage over expansive service territories.