JPMorgan Chase & Co. Has $876,000 Position in Atkore International Group Inc (ATKR)

JPMorgan Chase & Co. boosted its holdings in Atkore International Group Inc (NYSE:ATKR) by 34,843.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,727 shares of the company’s stock after purchasing an additional 44,599 shares during the period. JPMorgan Chase & Co. owned about 0.07% of Atkore International Group worth $876,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC grew its position in Atkore International Group by 18.3% in the second quarter. FMR LLC now owns 1,527,400 shares of the company’s stock valued at $34,443,000 after purchasing an additional 235,900 shares in the last quarter. Lazard Asset Management LLC grew its position in Atkore International Group by 44.6% in the second quarter. Lazard Asset Management LLC now owns 2,047,049 shares of the company’s stock valued at $46,160,000 after purchasing an additional 631,873 shares in the last quarter. Citigroup Inc. grew its position in Atkore International Group by 180.8% in the second quarter. Citigroup Inc. now owns 18,509 shares of the company’s stock valued at $417,000 after purchasing an additional 11,918 shares in the last quarter. Vanguard Group Inc. grew its position in Atkore International Group by 13.3% in the second quarter. Vanguard Group Inc. now owns 3,549,616 shares of the company’s stock valued at $80,044,000 after purchasing an additional 417,268 shares in the last quarter. Finally, Stoneridge Investment Partners LLC bought a new position in shares of Atkore International Group in the 3rd quarter valued at about $373,000. 98.33% of the stock is owned by institutional investors and hedge funds.

ATKR has been the subject of a number of analyst reports. TheStreet raised shares of Atkore International Group from a “d+” rating to a “c-” rating in a research report on Wednesday, November 29th. BidaskClub downgraded shares of Atkore International Group from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. Citigroup set a $26.00 price objective on shares of Atkore International Group and gave the company a “buy” rating in a research report on Thursday, November 30th. Zacks Investment Research raised shares of Atkore International Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $23.00 price objective on shares of Atkore International Group in a research report on Friday, October 13th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Atkore International Group has an average rating of “Buy” and an average target price of $23.00.

Atkore International Group Inc (NYSE ATKR) opened at $21.69 on Friday. Atkore International Group Inc has a 12-month low of $15.05 and a 12-month high of $27.30. The company has a market cap of $1,375.82, a PE ratio of 17.21, a PEG ratio of 1.48 and a beta of 1.10. The company has a debt-to-equity ratio of 1.58, a current ratio of 2.39 and a quick ratio of 1.44.

Atkore International Group (NYSE:ATKR) last announced its quarterly earnings data on Wednesday, November 29th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. Atkore International Group had a net margin of 5.63% and a return on equity of 26.22%. The company had revenue of $395.80 million during the quarter, compared to the consensus estimate of $394.49 million. During the same quarter last year, the firm posted $0.35 EPS. The company’s quarterly revenue was down 4.9% on a year-over-year basis. sell-side analysts expect that Atkore International Group Inc will post 1.47 earnings per share for the current year.

In related news, insider John Patrick Williamson sold 56,007 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 transaction of $1,120,140.00. Following the completion of the sale, the insider now owns 179,091 shares of the company’s stock, valued at approximately $3,581,820. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP James A. Mallak sold 77,856 shares of Atkore International Group stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $20.00, for a total transaction of $1,557,120.00. Following the sale, the vice president now directly 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 501,650 shares of company stock valued at $10,418,317 in the last ninety days. 68.80% of the stock is currently owned by insiders.

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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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