Argent Capital Management LLC grew its holdings in Atkore International Group Inc (NYSE:ATKR) by 22.5% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 166,680 shares of the company’s stock after buying an additional 30,585 shares during the period. Argent Capital Management LLC’s holdings in Atkore International Group were worth $4,312,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Atkore International Group by 3.1% in the second quarter. Vanguard Group Inc. now owns 5,449,984 shares of the company’s stock valued at $140,990,000 after buying an additional 163,083 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Atkore International Group by 13.3% in the second quarter. BlackRock Inc. now owns 3,640,604 shares of the company’s stock valued at $94,184,000 after buying an additional 426,128 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Atkore International Group by 11.6% in the first quarter. Wells Fargo & Company MN now owns 2,685,237 shares of the company’s stock valued at $57,813,000 after buying an additional 279,596 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Atkore International Group by 3.2% in 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, Prudential Financial Inc. raised its holdings in shares of Atkore International Group by 4.1% in the second quarter. Prudential Financial Inc. now owns 1,213,734 shares of the company’s stock valued at $31,400,000 after buying an additional 47,963 shares during the last quarter. 96.98% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research cut shares of Atkore International Group from a “buy” rating to a “hold” rating in a report on Tuesday, September 10th.

NYSE ATKR traded up $0.10 during trading hours on Friday, hitting $30.60. 338,350 shares of the stock were exchanged, compared to its average volume of 270,080. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 12.34 and a beta of 1.75. Atkore International Group Inc has a 12-month low of $17.47 and a 12-month high of $32.08. The stock has a 50-day moving average of $28.98 and a 200 day moving average of $25.42. The company has a quick ratio of 1.73, a current ratio of 2.57 and a debt-to-equity ratio of 4.37.

Atkore International Group (NYSE:ATKR) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.23. The firm had revenue of $493.49 million during the quarter, compared to analysts’ expectations of $528.63 million. Atkore International Group had a net margin of 6.65% and a return on equity of 82.84%. The firm’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the prior year, the company posted $0.86 earnings per share. On average, equities research analysts expect that Atkore International Group Inc will post 2.86 earnings per share for the current year.

Atkore International Group Company 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.

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

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