Atkore International Group Inc (ATKR) CFO James A. Mallak Sells 21,867 Shares of Stock

Atkore International Group Inc (NASDAQ:ATKR) CFO James A. Mallak sold 21,867 shares of the stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $20.00, for a total transaction of $437,340.00. Following the completion of the transaction, the chief financial officer now owns 93,855 shares of the company’s stock, valued at approximately $1,877,100. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Atkore International Group Inc (ATKR) traded up $0.14 during mid-day trading on Friday, hitting $19.35. 114,840 shares of the stock were exchanged, compared to its average volume of 377,011. Atkore International Group Inc has a twelve month low of $15.05 and a twelve month high of $27.30.

Atkore International Group (NASDAQ:ATKR) last released its quarterly earnings data on Tuesday, August 8th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. Atkore International Group had a net margin of 6.91% and a return on equity of 33.89%. The firm had revenue of $397.70 million during the quarter, compared to the consensus estimate of $424.49 million. The business’s quarterly revenue was up .5% on a year-over-year basis.

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Several institutional investors and hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. boosted its holdings in shares of Atkore International Group by 17.7% during the second quarter. Victory Capital Management Inc. now owns 5,898 shares of the company’s stock valued at $133,000 after acquiring an additional 885 shares during the period. Rosenblum Silverman Sutton S F Inc. CA raised its stake in shares of Atkore International Group by 1.2% during the second quarter. Rosenblum Silverman Sutton S F Inc. CA now owns 77,485 shares of the company’s stock valued at $1,747,000 after purchasing an additional 925 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of Atkore International Group by 5.5% during the first quarter. Parametric Portfolio Associates LLC now owns 20,114 shares of the company’s stock valued at $529,000 after purchasing an additional 1,049 shares in the last quarter. State of Wisconsin Investment Board raised its stake in shares of Atkore International Group by 1.6% during the second quarter. State of Wisconsin Investment Board now owns 250,000 shares of the company’s stock valued at $5,637,000 after purchasing an additional 3,900 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Atkore International Group during the first quarter valued at about $139,000.

ATKR has been the topic of several analyst reports. Zacks Investment Research raised shares of Atkore International Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 10th. BidaskClub cut shares of Atkore International Group from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. UBS AG cut shares of Atkore International Group from a “buy” rating to a “neutral” rating and raised their target price for the stock from $19.00 to $21.00 in a research report on Wednesday, October 11th. Royal Bank of Canada restated a “buy” rating and issued a $20.00 price target on shares of Atkore International Group in a report on Friday, September 15th. Finally, TheStreet lowered shares of Atkore International Group from a “c-” rating to a “d+” rating in a report on Wednesday, August 23rd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Atkore International Group currently has an average rating of “Buy” and an average price target of $22.25.

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.

Insider Buying and Selling by Quarter for Atkore International Group (NASDAQ:ATKR)

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