Heard Capital LLC Lowers Stock Holdings in Anterix Inc. (NASDAQ:ATEX)

Heard Capital LLC lowered its position in shares of Anterix Inc. (NASDAQ:ATEX) by 1.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,752,138 shares of the company’s stock after selling 20,552 shares during the quarter. Anterix makes up approximately 3.7% of Heard Capital LLC’s holdings, making the stock its 12th biggest holding. Heard Capital LLC owned approximately 0.09% of Anterix worth $65,986,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in ATEX. Allspring Global Investments Holdings LLC acquired a new stake in shares of Anterix during the 2nd quarter valued at $28,000. Woodmont Investment Counsel LLC lifted its stake in shares of Anterix by 2.4% in the third quarter. Woodmont Investment Counsel LLC now owns 34,545 shares of the company’s stock worth $1,301,000 after buying an additional 800 shares in the last quarter. Squarepoint Ops LLC boosted its stake in Anterix by 4.6% during the second quarter. Squarepoint Ops LLC now owns 26,261 shares of the company’s stock worth $1,040,000 after buying an additional 1,159 shares during the period. nVerses Capital LLC purchased a new stake in Anterix in the third quarter valued at $45,000. Finally, Meeder Asset Management Inc. acquired a new stake in Anterix during the third quarter worth about $58,000. Institutional investors and hedge funds own 87.67% of the company’s stock.

Insider Activity

In related news, Director Leslie B. Daniels purchased 2,000 shares of Anterix stock in a transaction dated Wednesday, November 20th. The shares were acquired at an average cost of $32.75 per share, with a total value of $65,500.00. Following the purchase, the director now owns 2,000 shares of the company’s stock, valued at approximately $65,500. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 45.61% of the company’s stock.

Wall Street Analyst Weigh In

ATEX has been the subject of several research analyst reports. Craig Hallum raised Anterix to a “strong-buy” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. raised their price target on shares of Anterix from $60.00 to $61.00 and gave the company an “overweight” rating in a report on Thursday, August 8th.

Anterix Trading Down 2.1 %

ATEX stock opened at $33.98 on Tuesday. The stock’s 50 day simple moving average is $34.10 and its 200 day simple moving average is $35.64. The stock has a market capitalization of $632.71 million, a PE ratio of -16.82 and a beta of 0.85. Anterix Inc. has a 12-month low of $29.12 and a 12-month high of $42.41.

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.