Plustick Management has taken a significant position in Anterix (ATEX), acquiring 499,596 shares valued at approximately $15.81 million, as disclosed in its SEC filing on May 15, 2026. This investment represents 9.21% of Plustick’s reportable U.S. equity assets and positions Anterix as one of the fund’s largest holdings, reflecting confidence in the company’s growth potential amid recent regulatory and commercial advancements.
Anterix, a key player in the wireless communications sector, focuses on providing licensed 900 MHz spectrum for utility and critical infrastructure markets. The company has seen its stock surge nearly 140% over the past year, significantly outperforming the S&P 500. With a robust pipeline of opportunities worth approximately $3 billion and recent FCC approvals expanding its spectrum allocation, Anterix is poised for further growth. The firm also boasts a strong financial position, with no debt and substantial cash reserves.
For investors, Plustick’s investment underscores the belief that Anterix’s strategic developments could unlock considerable value, particularly if the company successfully converts its extensive opportunity pipeline into contracts.
Source: fool.com