Versor Investments LP Purchases New Holdings in Anterix Inc. (NASDAQ:ATEX)

Versor Investments LP acquired a new position in shares of Anterix Inc. (NASDAQ:ATEX) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,600 shares of the company’s stock, valued at approximately $211,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ATEX. Allspring Global Investments Holdings LLC bought a new position in shares of Anterix in the second quarter worth $28,000. nVerses Capital LLC acquired a new position in shares of Anterix in the 3rd quarter valued at approximately $45,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Anterix during the 2nd quarter worth approximately $92,000. Jupiter Asset Management Ltd. acquired a new stake in shares of Anterix during the 2nd quarter worth approximately $200,000. Finally, The Manufacturers Life Insurance Company acquired a new position in Anterix during the second quarter valued at approximately $203,000. 87.67% of the stock is owned by institutional investors and hedge funds.

Anterix Stock Performance

Shares of NASDAQ:ATEX opened at $33.61 on Friday. Anterix Inc. has a 52-week low of $29.12 and a 52-week high of $42.41. The company has a market capitalization of $624.81 million, a PE ratio of -16.64 and a beta of 0.85. The company has a fifty day moving average of $35.15 and a 200-day moving average of $35.50.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ATEX shares. Craig Hallum raised Anterix to a “strong-buy” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. lifted their target price on Anterix from $60.00 to $61.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th.

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.