Alambic Investment Management L.P. trimmed its holdings in shares of Atkore International Group Inc (NYSE:ATKR) by 49.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 139,547 shares of the company’s stock after selling 134,062 shares during the period. Alambic Investment Management L.P. owned approximately 0.22% of Atkore International Group worth $2,993,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of the stock. Schwab Charles Investment Management Inc. increased its position in Atkore International Group by 36.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 189,549 shares of the company’s stock worth $4,275,000 after purchasing an additional 50,720 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Atkore International Group by 300.6% during the 2nd quarter. Legal & General Group Plc now owns 8,140 shares of the company’s stock worth $183,000 after acquiring an additional 6,108 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of Atkore International Group by 29.0% during the 2nd quarter. Teachers Advisors LLC now owns 181,571 shares of the company’s stock worth $4,094,000 after acquiring an additional 40,780 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of Atkore International Group by 17.0% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 310,523 shares of the company’s stock worth $7,002,000 after acquiring an additional 45,097 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Atkore International Group by 57.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 307,773 shares of the company’s stock valued at $6,942,000 after purchasing an additional 112,523 shares during the period. 96.11% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CFO James A. Mallak sold 9,575 shares of Atkore International Group stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $20.01, for a total value of $191,595.75. Following the sale, the chief financial officer now owns 81,563 shares of the company’s stock, valued at $1,632,075.63. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Kevin P. Fitzpatrick sold 154,806 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $22.13, for a total value of $3,425,856.78. Following the transaction, the vice president now directly owns 58,223 shares in the company, valued at approximately $1,288,474.99. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,557,923 shares of company stock worth $382,032,981. Corporate insiders own 68.80% of the company’s stock.
ATKR has been the subject of several recent analyst reports. BidaskClub downgraded Atkore International Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 4th. UBS Group began coverage on Atkore International Group in a research report on Tuesday, January 23rd. They issued a “hold” rating and a $23.00 price objective for the company. Citigroup increased their target price on Atkore International Group from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. TheStreet raised Atkore International Group from a “d+” rating to a “c-” rating in a report on Wednesday, November 29th. Finally, Zacks Investment Research raised Atkore International Group from a “sell” rating to a “hold” rating and set a $24.00 target price for the company in a report on Thursday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $24.00.
Shares of Atkore International Group Inc (NYSE ATKR) traded up $0.55 on Friday, reaching $21.40. The company’s stock had a trading volume of 542,250 shares, compared to its average volume of 418,742. Atkore International Group Inc has a 52-week low of $15.05 and a 52-week high of $27.06. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.45 and a quick ratio of 1.44. The company has a market cap of $1,361.19, a price-to-earnings ratio of 15.18, a price-to-earnings-growth ratio of 1.19 and a beta of 1.25.
Atkore International Group (NYSE:ATKR) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.09. The business had revenue of $414.60 million for the quarter, compared to analyst estimates of $382.89 million. Atkore International Group had a return on equity of 26.99% and a net margin of 5.97%. The firm’s revenue was up 22.8% on a year-over-year basis. During the same period last year, the company earned $0.28 EPS. equities analysts forecast that Atkore International Group Inc will post 1.8 earnings per share for the current fiscal year.
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Atkore International Group Company Profile
Atkore International Group Inc is a manufacturer of electrical raceway products. The Company’s products are primarily offered for non-residential construction and renovation markets, and mechanical products and solutions (MP&S) for the construction and industrial markets. The Company operates in two segments: Electrical Raceway and MP&S.
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