MUFG Securities EMEA plc increased its stake in shares of Atkore International Group Inc (NYSE:ATKR) by 100.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 111,000 shares of the company’s stock after buying an additional 55,700 shares during the quarter. MUFG Securities EMEA plc’s holdings in Atkore International Group were worth $2,202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc grew its holdings in shares of Atkore International Group by 12.2% during the third quarter. Vanguard Group Inc now owns 4,666,758 shares of the company’s stock valued at $123,810,000 after buying an additional 509,278 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Atkore International Group by 12.2% during the third quarter. Vanguard Group Inc. now owns 4,666,758 shares of the company’s stock valued at $123,810,000 after buying an additional 509,278 shares during the last quarter. Prudential Financial Inc. grew its holdings in shares of Atkore International Group by 11.0% during the third quarter. Prudential Financial Inc. now owns 1,469,491 shares of the company’s stock valued at $38,986,000 after buying an additional 145,629 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Atkore International Group by 3.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,342,518 shares of the company’s stock valued at $26,636,000 after buying an additional 41,883 shares during the last quarter. Finally, Investment Counselors of Maryland LLC grew its holdings in shares of Atkore International Group by 9.0% during the fourth quarter. Investment Counselors of Maryland LLC now owns 1,084,915 shares of the company’s stock valued at $21,525,000 after buying an additional 89,526 shares during the last quarter. 98.64% of the stock is currently owned by hedge funds and other institutional investors.

ATKR has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of Atkore International Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 20th. Credit Suisse Group initiated coverage on shares of Atkore International Group in a report on Thursday, February 21st. They set a “neutral” rating and a $25.00 price objective on the stock. Citigroup set a $26.00 price objective on shares of Atkore International Group and gave the company a “hold” rating in a report on Friday, November 30th. Finally, TheStreet raised shares of Atkore International Group from a “d” rating to a “c-” rating in a report on Wednesday, December 12th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Atkore International Group currently has an average rating of “Hold” and an average price target of $26.40.

In related news, insider Michael J. Schulte sold 57,291 shares of the business’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $24.22, for a total transaction of $1,387,588.02. Following the completion of the transaction, the insider now directly owns 188,202 shares in the company, valued at $4,558,252.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.03% of the company’s stock.

NYSE ATKR opened at $22.12 on Friday. The firm has a market cap of $1.02 billion, a P/E ratio of 8.92 and a beta of 1.93. Atkore International Group Inc has a 1 year low of $17.47 and a 1 year high of $28.67. The company has a debt-to-equity ratio of 7.07, a current ratio of 2.18 and a quick ratio of 1.39.

Atkore International Group (NYSE:ATKR) last posted its earnings results on Tuesday, February 5th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. The company had revenue of $452.03 million during the quarter, compared to the consensus estimate of $449.53 million. Atkore International Group had a net margin of 7.28% and a return on equity of 142.82%. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.46 earnings per share. On average, equities analysts predict that Atkore International Group Inc will post 2.71 EPS for the current fiscal year.

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Atkore International Group Profile

Atkore International Group Inc manufactures and distributes electrical raceway products, and mechanical products and solutions (MP&S) in the United States and internationally. The company offers electrical raceway products, including electrical conduits and fittings, armored cables and fittings, and cable trays and mounting systems and fittings.

Read More: Asset Allocation

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

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