Clearbridge Investments LLC Purchases 1,979 Shares of Anterix Inc. (NASDAQ:ATEX)

Clearbridge Investments LLC boosted its position in shares of Anterix Inc. (NASDAQ:ATEX) by 0.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 311,177 shares of the company’s stock after buying an additional 1,979 shares during the period. Clearbridge Investments LLC owned approximately 1.66% of Anterix worth $10,368,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its stake in Anterix by 1,843.5% in the third quarter. Tower Research Capital LLC TRC now owns 11,700 shares of the company’s stock valued at $367,000 after buying an additional 11,098 shares during the period. GSA Capital Partners LLP bought a new stake in Anterix during the 3rd quarter worth approximately $687,000. Swiss National Bank grew its stake in Anterix by 2.4% in the 3rd quarter. Swiss National Bank now owns 29,350 shares of the company’s stock worth $921,000 after buying an additional 700 shares in the last quarter. Trexquant Investment LP bought a new position in Anterix during the third quarter valued at approximately $1,000,000. Finally, CenterBook Partners LP increased its stake in Anterix by 78.1% in the 3rd quarter. CenterBook Partners LP now owns 36,869 shares of the company’s stock worth $1,157,000 after purchasing an additional 16,170 shares during the period. Institutional investors and hedge funds own 87.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ATEX. B. Riley restated a “buy” rating and issued a $75.00 price objective on shares of Anterix in a report on Friday, February 16th. TheStreet upgraded shares of Anterix from a “d+” rating to a “c-” rating in a research note on Wednesday, February 28th.

Anterix Price Performance

Anterix stock traded down $0.25 during trading hours on Friday, hitting $32.37. 77,972 shares of the stock traded hands, compared to its average volume of 106,615. Anterix Inc. has a 1 year low of $27.20 and a 1 year high of $40.45. The stock has a market capitalization of $599.49 million, a price-to-earnings ratio of 38.54 and a beta of 0.67. The firm’s 50 day moving average price is $32.63 and its 200-day moving average price is $33.13.

Insider Activity at Anterix

In other Anterix news, CFO Timothy Gray sold 16,667 shares of Anterix stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $31.91, for a total value of $531,843.97. Following the completion of the transaction, the chief financial officer now owns 90,475 shares of the company’s stock, valued at $2,887,057.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 31.71% of the stock is owned by company insiders.

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.