Anterix (NASDAQ:ATEX) Given New $67.00 Price Target at JPMorgan Chase & Co.

Anterix (NASDAQ:ATEX) had its price objective increased by research analysts at JPMorgan Chase & Co. from $61.00 to $67.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 66.81% from the stock’s previous close.

Anterix Stock Up 11.8 %

Shares of ATEX traded up $4.26 during trading on Thursday, reaching $40.17. The company’s stock had a trading volume of 106,793 shares, compared to its average volume of 166,045. Anterix has a twelve month low of $27.37 and a twelve month high of $42.41. The company has a market cap of $747.87 million, a price-to-earnings ratio of -19.84 and a beta of 0.87. The company has a fifty day moving average of $30.64 and a two-hundred day moving average of $33.93.

Insider Activity

In other news, Director Leslie B. Daniels bought 2,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were acquired at an average cost of $32.75 per share, with a total value of $65,500.00. Following the completion of 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 position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mark Fleischhauer purchased 3,500 shares of Anterix stock in a transaction that occurred on Thursday, December 5th. The stock was purchased at an average price of $34.19 per share, with a total value of $119,665.00. Following the transaction, the director now owns 3,500 shares in the company, valued at $119,665. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 45.61% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Federated Hermes Inc. lifted its stake in Anterix by 74.0% in the 4th quarter. Federated Hermes Inc. now owns 1,432 shares of the company’s stock worth $44,000 after acquiring an additional 609 shares in the last quarter. nVerses Capital LLC acquired a new position in shares of Anterix in the 3rd quarter valued at about $45,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Anterix in the fourth quarter worth approximately $55,000. Russell Investments Group Ltd. increased its stake in Anterix by 156.7% in the 4th quarter. Russell Investments Group Ltd. now owns 1,797 shares of the company’s stock valued at $55,000 after buying an additional 1,097 shares during the period. Finally, Meeder Asset Management Inc. purchased a new stake in Anterix in the 3rd quarter worth approximately $58,000. 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.