KLP Kapitalforvaltning AS Purchases New Shares in Anterix Inc. (NASDAQ:ATEX)

KLP Kapitalforvaltning AS acquired a new position in Anterix Inc. (NASDAQ:ATEX) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 1,800 shares of the company’s stock, valued at approximately $55,000.

Several other hedge funds have also modified their holdings of the company. Jane Street Group LLC boosted its position in Anterix by 78.2% during the third quarter. Jane Street Group LLC now owns 128,892 shares of the company’s stock worth $4,854,000 after purchasing an additional 56,559 shares in the last quarter. Y Intercept Hong Kong Ltd grew its stake in Anterix by 14.6% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 8,742 shares of the company’s stock valued at $329,000 after acquiring an additional 1,112 shares during the period. Barclays PLC increased its holdings in Anterix by 278.2% in the 3rd quarter. Barclays PLC now owns 16,971 shares of the company’s stock worth $639,000 after acquiring an additional 12,484 shares in the last quarter. JPMorgan Chase & Co. raised its position in Anterix by 188.2% during the third quarter. JPMorgan Chase & Co. now owns 33,832 shares of the company’s stock worth $1,274,000 after acquiring an additional 22,092 shares during the period. Finally, Inspire Investing LLC grew its position in shares of Anterix by 19.4% in the fourth quarter. Inspire Investing LLC now owns 13,018 shares of the company’s stock valued at $399,000 after purchasing an additional 2,115 shares during the period. 87.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. upped their price target on shares of Anterix from $61.00 to $67.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th.

Anterix Stock Down 0.4 %

Shares of NASDAQ ATEX opened at $32.63 on Friday. The firm has a 50-day simple moving average of $36.67 and a 200-day simple moving average of $33.86. The stock has a market capitalization of $606.49 million, a price-to-earnings ratio of -20.02 and a beta of 0.95. Anterix Inc. has a 52 week low of $27.37 and a 52 week high of $42.91.

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.