Atkore International Group Inc (NYSE:ATKR) Shares Bought by California State Teachers Retirement System

California State Teachers Retirement System raised its stake in shares of Atkore International Group Inc (NYSE:ATKR) by 143.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,100 shares of the company’s stock after acquiring an additional 34,200 shares during the period. California State Teachers Retirement System owned about 0.09% of Atkore International Group worth $1,310,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Victory Capital Management Inc. raised its stake in shares of Atkore International Group by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 5,898 shares of the company’s stock worth $133,000 after purchasing 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 2nd quarter. Rosenblum Silverman Sutton S F Inc. CA now owns 77,485 shares of the company’s stock worth $1,747,000 after purchasing an additional 925 shares during the period. Parametric Portfolio Associates LLC raised its stake in shares of Atkore International Group by 5.5% during the 1st quarter. Parametric Portfolio Associates LLC now owns 20,114 shares of the company’s stock worth $529,000 after purchasing an additional 1,049 shares during the period. State of Wisconsin Investment Board raised its stake in shares of Atkore International Group by 1.6% during the 2nd quarter. State of Wisconsin Investment Board now owns 250,000 shares of the company’s stock worth $5,637,000 after purchasing an additional 3,900 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of Atkore International Group by 300.6% during the 2nd quarter. Legal & General Group Plc now owns 8,140 shares of the company’s stock worth $183,000 after purchasing an additional 6,108 shares during the period. Institutional investors and hedge funds own 96.99% of the company’s stock.

Several equities research analysts recently weighed in on the company. Credit Suisse Group raised Atkore International Group from a “neutral” rating to an “outperform” rating and set a $22.00 price objective for the company in a report on Wednesday, August 9th. Royal Bank Of Canada reissued a “buy” rating and issued a $20.00 price objective on shares of Atkore International Group in a report on Friday, September 15th. UBS lowered Atkore International Group from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $19.00 to $21.00 in a report on Wednesday, October 11th. TheStreet lowered Atkore International Group from a “c-” rating to a “d+” rating in a report on Wednesday, August 23rd. Finally, BidaskClub lowered Atkore International Group from a “buy” rating to a “hold” rating in a report on Saturday, November 4th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $23.00.

Atkore International Group Inc (ATKR) traded up $0.22 during mid-day trading on Thursday, reaching $21.43. The company’s stock had a trading volume of 364,055 shares, compared to its average volume of 423,279. The company has a quick ratio of 1.44, a current ratio of 2.39 and a debt-to-equity ratio of 1.58. The stock has a market cap of $1,328.06, a price-to-earnings ratio of 16.71 and a beta of 1.09. Atkore International Group Inc has a 1-year low of $15.05 and a 1-year high of $27.30.

Atkore International Group (NYSE:ATKR) last posted its earnings results on Wednesday, November 29th. The company reported $0.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.02. The business had revenue of $395.80 million during the quarter, compared to analyst estimates of $394.49 million. Atkore International Group had a return on equity of 26.22% and a net margin of 5.63%. The company’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.35 EPS.

In other news, VP Kevin P. Fitzpatrick sold 154,806 shares of Atkore International Group stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $22.13, for a total transaction of $3,425,856.78. Following the completion of the sale, the vice president now owns 58,223 shares in the company, valued at approximately $1,288,474.99. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP James A. Mallak sold 77,856 shares of Atkore International Group stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $20.00, for a total value of $1,557,120.00. Following the sale, the vice president now owns 93,855 shares of the company’s stock, valued at approximately $1,877,100. The disclosure for this sale can be found here. Insiders have sold a total of 431,751 shares of company stock valued at $8,965,037 in the last ninety days. Insiders own 68.80% of the company’s stock.

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Atkore International Group 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.

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

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