Jefferies Financial Group Inc. Acquires Shares of 454,508 Anterix Inc. $ATEX

Jefferies Financial Group Inc. bought a new position in shares of Anterix Inc. (NASDAQ:ATEX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 454,508 shares of the company’s stock, valued at approximately $9,922,000.

Several other institutional investors have also recently made changes to their positions in ATEX. Gamco Investors INC. ET AL lifted its position in shares of Anterix by 32.0% during the fourth quarter. Gamco Investors INC. ET AL now owns 422,470 shares of the company’s stock worth $9,223,000 after acquiring an additional 102,400 shares in the last quarter. Gabelli Funds LLC lifted its position in shares of Anterix by 52.2% during the third quarter. Gabelli Funds LLC now owns 286,282 shares of the company’s stock worth $6,146,000 after acquiring an additional 98,130 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Anterix by 51.6% during the third quarter. Marshall Wace LLP now owns 286,581 shares of the company’s stock worth $6,153,000 after acquiring an additional 97,601 shares in the last quarter. SBI Securities Co. Ltd. lifted its position in shares of Anterix by 374,815.0% during the third quarter. SBI Securities Co. Ltd. now owns 74,983 shares of the company’s stock worth $1,610,000 after acquiring an additional 74,963 shares in the last quarter. Finally, Teton Advisors LLC purchased a new stake in shares of Anterix during the third quarter worth $1,245,000. Hedge funds and other institutional investors own 87.67% of the company’s stock.

Anterix Stock Performance

Shares of ATEX stock opened at $63.57 on Monday. Anterix Inc. has a 52-week low of $17.58 and a 52-week high of $64.00. The company has a market capitalization of $1.19 billion, a PE ratio of 14.61 and a beta of 0.86. The business’s fifty day moving average is $44.90 and its 200 day moving average is $32.33.

Analysts Set New Price Targets

ATEX has been the topic of several recent research reports. Weiss Ratings upgraded Anterix from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, April 21st. Zacks Research downgraded Anterix from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $50.00.

About Anterix

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.