JPMorgan Chase & Co. boosted its stake in Atkore International Group Inc (NYSE:ATKR) by 34,843.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in the business. FMR LLC increased its stake in shares of Atkore International Group by 18.3% during the second quarter. FMR LLC now owns 1,527,400 shares of the company’s stock valued at $34,443,000 after buying an additional 235,900 shares during the period. Lazard Asset Management LLC increased its stake in shares of Atkore International Group by 44.6% during the second quarter. Lazard Asset Management LLC now owns 2,047,049 shares of the company’s stock valued at $46,160,000 after buying an additional 631,873 shares during the period. Citigroup Inc. increased its stake in shares of Atkore International Group by 180.8% during the second quarter. Citigroup Inc. now owns 18,509 shares of the company’s stock valued at $417,000 after buying an additional 11,918 shares during the period. Vanguard Group Inc. increased its stake in shares of Atkore International Group by 13.3% during the second quarter. Vanguard Group Inc. now owns 3,549,616 shares of the company’s stock valued at $80,044,000 after buying an additional 417,268 shares during the period. Finally, Stoneridge Investment Partners LLC purchased a new position in shares of Atkore International Group during the third quarter valued at approximately $373,000. 96.11% of the stock is currently owned by institutional investors and hedge funds.
In other Atkore International Group news, insider John Patrick Williamson sold 70,000 shares of the business’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $20.79, for a total value of $1,455,300.00. Following the sale, the insider now directly owns 262,172 shares of the company’s stock, valued at $5,450,555.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO James A. Mallak sold 74,235 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $20.00, for a total value of $1,484,700.00. Following the completion of the sale, the chief financial officer now directly owns 146,223 shares in the company, valued at $2,924,460. The disclosure for this sale can be found here. Insiders sold 332,384 shares of company stock worth $7,032,997 over the last three months. Corporate insiders own 51.00% of the company’s stock.
Atkore International Group Inc (NYSE ATKR) traded down $0.94 during midday trading on Monday, hitting $21.67. The company had a trading volume of 430,360 shares, compared to its average volume of 367,632. The company has a quick ratio of 1.44, a current ratio of 2.39 and a debt-to-equity ratio of 1.58. Atkore International Group Inc has a one year low of $15.05 and a one year high of $27.22. The company has a market capitalization of $1,434.19, a price-to-earnings ratio of 17.20, a PEG ratio of 1.54 and a beta of 1.25.
Atkore International Group (NYSE:ATKR) last released its quarterly earnings results on Wednesday, November 29th. The company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.02. Atkore International Group had a return on equity of 26.22% and a net margin of 5.63%. The company had revenue of $395.80 million for the quarter, compared to analyst estimates of $394.49 million. During the same period in the previous year, the company posted $0.35 earnings per share. The firm’s revenue was down 4.9% on a year-over-year basis. research analysts predict that Atkore International Group Inc will post 1.47 EPS for the current year.
Several equities analysts have recently issued reports on the company. Royal Bank of Canada reissued a “buy” rating and set a $23.00 target price on shares of Atkore International Group in a research note on Friday, October 13th. Zacks Investment Research upgraded Atkore International Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Citigroup set a $26.00 price target on Atkore International Group and gave the company a “buy” rating in a research report on Thursday, November 30th. UBS Group assumed coverage on Atkore International Group in a research report on Tuesday, January 23rd. They set a “hold” rating and a $23.00 price target on the stock. Finally, TheStreet upgraded Atkore International Group from a “d+” rating to a “c-” rating in a research report on Wednesday, November 29th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Atkore International Group presently has an average rating of “Buy” and an average target price of $24.00.
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About Atkore International Group
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.
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