Gabelli Funds LLC Raises Position in Anterix Inc. $ATEX

Gabelli Funds LLC increased its holdings in Anterix Inc. (NASDAQ:ATEX) by 6.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 304,907 shares of the company’s stock after buying an additional 18,625 shares during the period. Gabelli Funds LLC’s holdings in Anterix were worth $6,656,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Gamco Investors INC. ET AL grew its holdings in shares of Anterix by 17.1% in the third quarter. Gamco Investors INC. ET AL now owns 320,070 shares of the company’s stock valued at $6,872,000 after acquiring an additional 46,645 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Anterix by 51.6% in the third quarter. Marshall Wace LLP now owns 286,581 shares of the company’s stock valued at $6,153,000 after acquiring an additional 97,601 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Anterix by 25.2% in the second quarter. Bank of America Corp DE now owns 208,445 shares of the company’s stock valued at $5,347,000 after acquiring an additional 42,018 shares in the last quarter. Qube Research & Technologies Ltd grew its holdings in shares of Anterix by 33.1% in the second quarter. Qube Research & Technologies Ltd now owns 203,144 shares of the company’s stock valued at $5,211,000 after acquiring an additional 50,564 shares in the last quarter. Finally, Tudor Investment Corp ET AL grew its holdings in shares of Anterix by 9.8% in the third quarter. Tudor Investment Corp ET AL now owns 128,681 shares of the company’s stock valued at $2,763,000 after acquiring an additional 11,514 shares in the last quarter. 87.67% of the stock is owned by institutional investors.

Anterix Price Performance

Anterix stock opened at $60.90 on Thursday. Anterix Inc. has a one year low of $17.58 and a one year high of $61.42. The business has a fifty day moving average price of $43.99 and a 200-day moving average price of $31.74. The firm has a market capitalization of $1.14 billion, a P/E ratio of 14.00 and a beta of 0.86.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ATEX shares. Zacks Research lowered Anterix from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 5th. Weiss Ratings raised Anterix from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, April 21st. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $50.00.

Anterix Profile

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.