California State Teachers Retirement System Lowers Position in Anterix Inc. (NASDAQ:ATEX)

California State Teachers Retirement System cut its holdings in Anterix Inc. (NASDAQ:ATEX) by 16.3% in the fourth quarter, Holdings Channel reports. The fund owned 8,770 shares of the company’s stock after selling 1,703 shares during the quarter. California State Teachers Retirement System’s holdings in Anterix were worth $269,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets purchased a new stake in shares of Anterix during the fourth quarter valued at about $43,000. Federated Hermes Inc. increased its holdings in Anterix by 74.0% in the 4th quarter. Federated Hermes Inc. now owns 1,432 shares of the company’s stock worth $44,000 after buying an additional 609 shares during the period. Aquatic Capital Management LLC acquired a new position in Anterix in the 4th quarter worth approximately $47,000. KLP Kapitalforvaltning AS acquired a new position in Anterix in the 4th quarter worth approximately $55,000. Finally, Russell Investments Group Ltd. increased its holdings in Anterix by 156.7% in the 4th quarter. Russell Investments Group Ltd. now owns 1,797 shares of the company’s stock worth $55,000 after buying an additional 1,097 shares during the period. 87.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Anterix Stock Performance

Anterix stock opened at $27.32 on Friday. The company’s fifty day moving average price is $29.28 and its 200 day moving average price is $32.32. Anterix Inc. has a 1 year low of $25.32 and a 1 year high of $42.91. The stock has a market capitalization of $507.80 million, a P/E ratio of -16.76 and a beta of 0.88.

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.