Ibex Investors LLC purchased a new stake in shares of Atkore International Group Inc (NYSE:ATKR) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 7,722 shares of the company’s stock, valued at approximately $205,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Hawaiian Bank bought a new position in Atkore International Group during the 3rd quarter valued at $103,000. Tower Research Capital LLC TRC boosted its stake in Atkore International Group by 637.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,739 shares of the company’s stock valued at $126,000 after purchasing an additional 4,096 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in Atkore International Group during the 3rd quarter valued at $230,000. Oppenheimer & Co. Inc. bought a new position in Atkore International Group during the 3rd quarter valued at $241,000. Finally, Strs Ohio bought a new position in Atkore International Group during the 3rd quarter valued at $299,000. 97.67% of the stock is owned by hedge funds and other institutional investors.
In other news, insider John Patrick Williamson sold 22,678 shares of the stock in a transaction on Friday, September 28th. The stock was sold at an average price of $27.00, for a total transaction of $612,306.00. Following the completion of the sale, the insider now owns 251,063 shares in the company, valued at approximately $6,778,701. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider William E. Jr. Waltz acquired 4,927 shares of the business’s stock in a transaction dated Friday, November 30th. The shares were bought at an average price of $20.34 per share, with a total value of $100,215.18. Following the transaction, the insider now directly owns 123,913 shares in the company, valued at approximately $2,520,390.42. The disclosure for this purchase can be found here. 68.80% of the stock is currently owned by corporate insiders.
A number of equities analysts have issued reports on ATKR shares. Zacks Investment Research lowered Atkore International Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 20th. Citigroup lowered Atkore International Group from a “buy” rating to a “neutral” rating and set a $30.00 price target for the company. in a research note on Friday, September 7th. Finally, UBS Group increased their price target on Atkore International Group from $27.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, August 30th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Atkore International Group presently has a consensus rating of “Buy” and an average price target of $26.75.
Shares of NYSE ATKR opened at $19.04 on Friday. The company has a debt-to-equity ratio of 7.19, a current ratio of 2.37 and a quick ratio of 1.56. The firm has a market cap of $920.88 million, a price-to-earnings ratio of 7.64, a PEG ratio of 0.77 and a beta of 2.79. Atkore International Group Inc has a 1 year low of $17.47 and a 1 year high of $28.67.
Atkore International Group (NYSE:ATKR) last announced its quarterly earnings data on Wednesday, November 28th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.08. Atkore International Group had a return on equity of 84.54% and a net margin of 7.45%. The company had revenue of $477.57 million during the quarter, compared to the consensus estimate of $469.05 million. During the same quarter in the prior year, the firm earned $0.40 EPS. The company’s quarterly revenue was up 20.7% compared to the same quarter last year. Equities research analysts forecast that Atkore International Group Inc will post 2.55 earnings per share for the current year.
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Atkore International Group 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.
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