Dimensional Fund Advisors LP Lowers Stock Holdings in Anterix Inc. (NASDAQ:ATEX)

Dimensional Fund Advisors LP trimmed its stake in shares of Anterix Inc. (NASDAQ:ATEX) by 3.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 389,593 shares of the company’s stock after selling 12,497 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Anterix were worth $11,949,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Federated Hermes Inc. raised its position in shares of Anterix by 74.0% during the 4th quarter. Federated Hermes Inc. now owns 1,432 shares of the company’s stock worth $44,000 after purchasing an additional 609 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Anterix during the 4th quarter worth approximately $55,000. Russell Investments Group Ltd. grew its position in shares of Anterix by 156.7% in the fourth quarter. Russell Investments Group Ltd. now owns 1,797 shares of the company’s stock valued at $55,000 after purchasing an additional 1,097 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Anterix by 46.3% in the fourth quarter. Wells Fargo & Company MN now owns 5,841 shares of the company’s stock valued at $179,000 after purchasing an additional 1,849 shares during the last quarter. Finally, Martingale Asset Management L P purchased a new position in Anterix during the fourth quarter worth approximately $204,000. Institutional investors and hedge funds own 87.67% of the company’s stock.

Anterix Price Performance

Shares of ATEX stock opened at $28.82 on Friday. The firm has a market cap of $535.68 million, a PE ratio of -17.68 and a beta of 0.94. The company has a 50-day moving average of $33.93 and a two-hundred day moving average of $33.27. Anterix Inc. has a 1-year low of $27.31 and a 1-year high of $42.91.

Analyst Ratings Changes

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

Anterix 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.