Central Pacific Bank Trust Division Makes New Investment in Anterix Inc. (NASDAQ:ATEX)

Central Pacific Bank Trust Division bought a new stake in Anterix Inc. (NASDAQ:ATEX) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,500 shares of the company’s stock, valued at approximately $128,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets acquired a new position in Anterix during the 4th quarter worth about $43,000. Federated Hermes Inc. increased its stake in Anterix by 74.0% during the fourth 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 period. Aquatic Capital Management LLC acquired a new stake in shares of Anterix during the fourth quarter worth about $47,000. KLP Kapitalforvaltning AS purchased a new position in shares of Anterix in the fourth quarter valued at approximately $55,000. Finally, Russell Investments Group Ltd. boosted its stake 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 during the period. Hedge funds and other institutional investors own 87.67% of the company’s stock.

Anterix Price Performance

ATEX opened at $26.84 on Monday. Anterix Inc. has a 12 month low of $26.50 and a 12 month high of $42.91. The stock has a market capitalization of $498.88 million, a price-to-earnings ratio of -16.47 and a beta of 0.94. The business has a fifty day moving average price of $30.83 and a 200 day moving average price of $32.69.

Analyst Upgrades and Downgrades

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

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.