Alliancebernstein L.P. decreased its position in Atkore International Group (NYSE:ATKR) by 8.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,300 shares of the company’s stock after selling 3,400 shares during the quarter. Alliancebernstein L.P. owned 0.06% of Atkore International Group worth $779,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of Atkore International Group in the 4th quarter worth $130,000. Teacher Retirement System of Texas bought a new position in shares of Atkore International Group in the 4th quarter worth $237,000. Bailard Inc. acquired a new position in Atkore International Group during the 4th quarter valued at about $324,000. Stoneridge Investment Partners LLC increased its position in Atkore International Group by 16.6% during the 4th quarter. Stoneridge Investment Partners LLC now owns 22,296 shares of the company’s stock valued at $478,000 after buying an additional 3,174 shares in the last quarter. Finally, First Republic Investment Management Inc. acquired a new position in Atkore International Group during the 3rd quarter valued at about $488,000. Hedge funds and other institutional investors own 99.34% of the company’s stock.
In related news, insider John Patrick Williamson sold 3,760 shares of the business’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $21.00, for a total value of $78,960.00. Following the transaction, the insider now owns 196,872 shares in the company, valued at approximately $4,134,312. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Allied Holdings L.P. Cd&R sold 17,225,539 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $21.77, for a total value of $374,999,984.03. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,109,924 shares of company stock valued at $500,173,870. 51.00% of the stock is currently owned by company insiders.
A number of analysts have recently commented on the company. Zacks Investment Research downgraded Atkore International Group from a “buy” rating to a “hold” rating in a research note on Tuesday, April 10th. Citigroup lowered their price target on Atkore International Group from $28.00 to $27.00 and set a “buy” rating on the stock in a research report on Monday, April 9th. TheStreet upgraded Atkore International Group from a “d+” rating to a “c” rating in a research report on Wednesday, February 14th. Finally, UBS assumed coverage on Atkore International Group in a report on Tuesday, January 23rd. They set a “hold” rating and a $23.00 target price for the company. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Atkore International Group currently has an average rating of “Buy” and an average target price of $23.80.
ATKR stock opened at $19.08 on Monday. Atkore International Group has a 52-week low of $15.05 and a 52-week high of $26.80. The firm has a market cap of $1,213.62, a price-to-earnings ratio of 13.53, a price-to-earnings-growth ratio of 1.06 and a beta of 1.61. The company has a quick ratio of 1.39, a current ratio of 2.45 and a debt-to-equity ratio of 1.36.
Atkore International Group (NYSE:ATKR) last released its quarterly earnings results on Tuesday, February 6th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.32 by $0.09. Atkore International Group had a return on equity of 26.99% and a net margin of 5.97%. The business had revenue of $414.60 million during the quarter, compared to analyst estimates of $382.89 million. During the same period last year, the business posted $0.28 earnings per share. The company’s quarterly revenue was up 22.8% on a year-over-year basis. equities research analysts anticipate that Atkore International Group will post 1.8 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: This piece of content was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of United States and international copyright law. The correct version of this piece of content can be read at https://ledgergazette.com/2018/04/23/alliancebernstein-l-p-sells-3400-shares-of-atkore-international-group-atkr.html.
Atkore International Group Profile
Atkore International Group Inc manufactures and distributes electrical raceway products in the United States and internationally. The company's electrical raceway products include electrical conduits and fittings, armored cable and fittings, cable trays and mounting systems, and fittings for the non-residential construction, renovation markets, and mechanical products and solutions (MP&S) for the construction, and industrial markets.
Receive News & Ratings for Atkore International Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atkore International Group and related companies with MarketBeat.com's FREE daily email newsletter.