Anterix (NASDAQ:ATEX)‘s stock had its “buy” rating reaffirmed by equities researchers at B. Riley in a note issued to investors on Wednesday, Zacks.com reports.
ATEX has been the subject of a number of other reports. Morgan Stanley increased their price target on Anterix from $48.00 to $51.00 and gave the company an “equal weight” rating in a research note on Wednesday. TheStreet upgraded Anterix from a “d” rating to a “c-” rating in a report on Monday, March 22nd. Finally, JPMorgan Chase & Co. upgraded Anterix from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $40.00 to $50.00 in a report on Wednesday, February 17th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $67.00.
Shares of ATEX opened at $50.30 on Wednesday. Anterix has a 52 week low of $27.26 and a 52 week high of $54.67. The firm has a fifty day moving average price of $47.87.
A number of institutional investors have recently modified their holdings of ATEX. Squarepoint Ops LLC acquired a new stake in shares of Anterix in the 1st quarter valued at about $900,000. Morgan Stanley grew its stake in shares of Anterix by 1.2% in the 1st quarter. Morgan Stanley now owns 1,323,130 shares of the company’s stock valued at $62,399,000 after buying an additional 16,156 shares during the period. Tudor Investment Corp Et Al acquired a new stake in shares of Anterix in the 1st quarter valued at about $4,966,000. QVT Financial LP grew its stake in shares of Anterix by 9.0% in the 1st quarter. QVT Financial LP now owns 356,738 shares of the company’s stock valued at $16,824,000 after buying an additional 29,541 shares during the period. Finally, Owl Creek Asset Management L.P. grew its stake in shares of Anterix by 3.1% in the 1st quarter. Owl Creek Asset Management L.P. now owns 5,411,776 shares of the company’s stock valued at $255,219,000 after buying an additional 160,761 shares during the period. Hedge funds and other institutional investors own 97.20% of the company’s stock.
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, technologies, and solutions. It holds licensed spectrum in the 900 MHz band with nationwide coverage throughout the United States, Hawaii, Alaska, and Puerto Rico.
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