Anterix (NASDAQ:ATEX) Shares Gap Down – Here’s Why

Anterix Inc. (NASDAQ:ATEX) shares gapped down before the market opened on Thursday . The stock had previously closed at $33.62, but opened at $32.28. Anterix shares last traded at $33.01, with a volume of 31,957 shares traded.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Craig Hallum upgraded Anterix to a “strong-buy” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. upped their target price on Anterix from $60.00 to $61.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th.

Anterix Stock Down 2.0 %

The firm has a 50 day simple moving average of $35.29 and a 200-day simple moving average of $35.49. The stock has a market cap of $612.73 million, a P/E ratio of -27.56 and a beta of 0.85.

Institutional Trading of Anterix

Several institutional investors and hedge funds have recently bought and sold shares of ATEX. FMR LLC grew its position in shares of Anterix by 76.4% in the third quarter. FMR LLC now owns 250,955 shares of the company’s stock valued at $9,451,000 after purchasing an additional 108,683 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Anterix in the third quarter valued at approximately $58,000. Quest Partners LLC acquired a new position in shares of Anterix in the third quarter valued at approximately $759,000. Versor Investments LP acquired a new position in shares of Anterix in the third quarter valued at approximately $211,000. 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 during the last quarter. Institutional investors 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.