Oppenheimer & Co. Inc. Purchases Shares of 9,102 Atkore International Group Inc (ATKR)

Oppenheimer & Co. Inc. purchased a new stake in Atkore International Group Inc (NYSE:ATKR) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 9,102 shares of the company’s stock, valued at approximately $241,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Engineers Gate Manager LP lifted its position in shares of Atkore International Group by 20.6% in the second quarter. Engineers Gate Manager LP now owns 71,686 shares of the company’s stock worth $1,489,000 after purchasing an additional 12,232 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Atkore International Group by 18.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 575,238 shares of the company’s stock worth $11,948,000 after purchasing an additional 88,955 shares in the last quarter. Swiss National Bank lifted its position in shares of Atkore International Group by 20.4% in the second quarter. Swiss National Bank now owns 82,700 shares of the company’s stock worth $1,718,000 after purchasing an additional 14,000 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Atkore International Group by 59.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,229,113 shares of the company’s stock worth $25,529,000 after purchasing an additional 457,055 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in shares of Atkore International Group by 22.7% in the second quarter. Rhumbline Advisers now owns 38,169 shares of the company’s stock worth $793,000 after purchasing an additional 7,056 shares in the last quarter. Institutional investors own 95.71% of the company’s stock.

NYSE ATKR opened at $19.83 on Friday. The company has a debt-to-equity ratio of 12.18, a quick ratio of 1.57 and a current ratio of 2.39. Atkore International Group Inc has a 1 year low of $17.60 and a 1 year high of $28.67. The firm has a market cap of $940.53 million, a price-to-earnings ratio of 15.61, a PEG ratio of 0.82 and a beta of 2.78.

In other Atkore International Group news, CEO John Patrick Williamson sold 100,000 shares of the company’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $25.64, for a total transaction of $2,564,000.00. Following the sale, the chief executive officer now directly owns 328,385 shares of the company’s stock, valued at $8,419,791.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Peter J. Lariviere sold 7,292 shares of the company’s stock in a transaction on Thursday, August 23rd. The stock was sold at an average price of $27.77, for a total transaction of $202,498.84. Following the sale, the vice president now directly owns 106,670 shares in the company, valued at $2,962,225.90. The disclosure for this sale can be found here. Insiders have sold 129,970 shares of company stock worth $3,378,805 over the last ninety days. Insiders own 68.80% of the company’s stock.

A number of analysts have recently commented on ATKR shares. Royal Bank of Canada boosted their price objective on shares of Atkore International Group to $29.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 8th. Zacks Investment Research raised shares of Atkore International Group from a “hold” rating to a “strong-buy” rating and set a $29.00 price objective on the stock in a research report on Friday, August 10th. Citigroup lowered shares of Atkore International Group from a “buy” rating to a “neutral” rating and set a $30.00 price objective on the stock. in a research report on Friday, September 7th. Finally, UBS Group boosted their price objective on shares of Atkore International Group from $27.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, August 30th. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Atkore International Group currently has a consensus rating of “Buy” and a consensus target price of $29.25.

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Atkore International Group Company Profile

Atkore International Group Inc manufactures and distributes electrical raceway products in the United States and internationally. The company's electrical raceway products include electrical conduits and fittings, armored cable and fittings, cable trays and mounting systems, and fittings for the non-residential construction, renovation markets, and mechanical products and solutions (MP&S) for the construction, and industrial markets.

Read More: Compound Annual Growth Rate (CAGR)

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

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