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business1d ago
Anterix Stock Is Up 140%. Here's Why One Investor Just Bought $15.8 Million | The Motley Fool
- Plustick Management disclosed a new stake in Anterix, acquiring 499,596 shares valued at about $15.81 million.
- The quarter-end value of the stake reached about $19.08 million after price movements and more shares were added.
- Plustick Management’s new stake accounts for about 9.21% of its reportable U.S. equity assets as of March 31, 2026.
- Anterix trades around $64.02, up about 140% over the past year and outperforming the S&P 500's 28% gain.
- The report notes momentum from regulatory and commercial developments for Anterix's private broadband strategy.
- The FCC expanded the 900 MHz broadband allocation from 6 MHz to 10 MHz, supporting Anterix's growth potential.
- Anterix ended December with nearly $30 million in cash and no debt.
- Analysts note a growing revenue pipeline tied to private broadband deployments for utilities.
- The article features Plustick Management's position as a potential catalyst for Anterix's stock trajectory.
- Anterix’s focus is on private broadband networks using 900 MHz spectrum for utilities and critical infrastructure.
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