Capital Fund Management S.A. purchased a new position in shares of Atkore International Group Inc (NYSE:ATKR) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 56,800 shares of the company’s stock, valued at approximately $1,180,000. Capital Fund Management S.A. owned approximately 0.12% of Atkore International Group as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ATKR. Wells Fargo & Company MN grew its holdings in Atkore International Group by 4.7% during the 1st quarter. Wells Fargo & Company MN now owns 1,739,688 shares of the company’s stock worth $34,532,000 after acquiring an additional 78,441 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Atkore International Group by 63.3% during the 1st quarter. Victory Capital Management Inc. now owns 838,212 shares of the company’s stock worth $16,638,000 after acquiring an additional 324,819 shares in the last quarter. Prudential Financial Inc. grew its holdings in Atkore International Group by 151.1% during the 1st quarter. Prudential Financial Inc. now owns 894,050 shares of the company’s stock worth $17,747,000 after acquiring an additional 538,010 shares in the last quarter. Swiss National Bank grew its holdings in Atkore International Group by 32.1% during the 1st quarter. Swiss National Bank now owns 68,700 shares of the company’s stock worth $1,364,000 after acquiring an additional 16,700 shares in the last quarter. Finally, LSV Asset Management acquired a new position in Atkore International Group during the 1st quarter worth approximately $2,030,000. Institutional investors own 97.34% of the company’s stock.

In related news, VP Michael J. Schulte sold 5,000 shares of the company’s stock in a transaction on Tuesday, July 24th. The shares were sold at an average price of $23.25, for a total value of $116,250.00. Following the completion of the sale, the vice president now owns 130,383 shares in the company, valued at approximately $3,031,404.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Peter J. Lariviere sold 7,292 shares of the company’s stock in a transaction on Thursday, August 23rd. The shares were sold at an average price of $27.77, for a total transaction of $202,498.84. Following the completion of the sale, the vice president now owns 106,670 shares of the company’s stock, valued at approximately $2,962,225.90. The disclosure for this sale can be found here. Insiders have sold a total of 617,360 shares of company stock valued at $15,243,768 in the last 90 days. Insiders own 68.80% of the company’s stock.

Several brokerages have recently weighed in on ATKR. UBS Group boosted their price objective on shares of Atkore International Group from $27.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, August 30th. Citigroup downgraded shares of Atkore International Group from a “buy” rating to a “neutral” rating and set a $30.00 price objective for the company. in a research report on Friday, September 7th. Royal Bank of Canada boosted their price objective on shares of Atkore International Group to $29.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 8th. Zacks Investment Research upgraded shares of Atkore International Group from a “hold” rating to a “strong-buy” rating and set a $29.00 price objective for the company in a research report on Friday, August 10th. Finally, TheStreet downgraded shares of Atkore International Group from a “c” rating to a “d” rating in a research report on Thursday, May 24th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $29.25.

Shares of NYSE:ATKR opened at $26.51 on Friday. The company has a market cap of $1.21 billion, a PE ratio of 11.88, a P/E/G ratio of 1.24 and a beta of 2.26. The company has a quick ratio of 1.57, a current ratio of 2.39 and a debt-to-equity ratio of 12.18. Atkore International Group Inc has a twelve month low of $17.60 and a twelve month high of $28.67.

Atkore International Group (NYSE:ATKR) last issued its quarterly earnings data on Tuesday, August 7th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.29. The business had revenue of $498.01 million during the quarter, compared to the consensus estimate of $444.77 million. Atkore International Group had a net margin of 7.12% and a return on equity of 56.38%. equities research analysts forecast that Atkore International Group Inc will post 2.13 EPS for the current year.

Atkore International Group Company 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.

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Institutional Ownership by Quarter for Atkore International Group (NYSE:ATKR)

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