Invictus RG Purchases New Holdings in Atkore International Group Inc (ATKR)

Invictus RG purchased a new stake in Atkore International Group Inc (NYSE:ATKR) in the 3rd quarter, Holdings Channel reports. The firm purchased 9,537 shares of the company’s stock, valued at approximately $253,000.

Several other large investors have also bought and sold shares of the company. First Hawaiian Bank purchased a new position in shares of Atkore International Group in the 3rd quarter worth approximately $103,000. Tower Research Capital LLC TRC grew its position in shares of Atkore International Group by 637.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,739 shares of the company’s stock worth $126,000 after buying an additional 4,096 shares during the last quarter. Ibex Investors LLC purchased a new position in shares of Atkore International Group in the 3rd quarter worth approximately $205,000. Massachusetts Financial Services Co. MA purchased a new position in shares of Atkore International Group in the 3rd quarter worth approximately $230,000. Finally, Oppenheimer & Co. Inc. purchased a new position in shares of Atkore International Group in the 3rd quarter worth approximately $241,000. Institutional investors and hedge funds own 97.67% of the company’s stock.

A number of research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Atkore International Group from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research report on Monday, December 3rd. Citigroup set a $26.00 price objective on shares of Atkore International Group and gave the stock a “hold” rating in a research report on Friday, November 30th. Finally, UBS Group lifted 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 analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $26.75.

In related news, insider William E. Jr. Waltz bought 4,927 shares of the company’s stock in a transaction on 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 owns 123,913 shares in the company, valued at $2,520,390.42. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Patrick Williamson sold 22,678 shares of the business’s stock in a transaction that occurred 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 sale, the insider now directly owns 251,063 shares in the company, valued at approximately $6,778,701. The disclosure for this sale can be found here. 68.80% of the stock is currently owned by insiders.

NYSE:ATKR opened at $19.04 on Friday. The company has a market cap of $920.88 million, a price-to-earnings ratio of 7.68, a P/E/G ratio of 0.77 and a beta of 2.79. Atkore International Group Inc has a twelve month low of $17.47 and a twelve month high of $28.67. The company has a current ratio of 2.37, a quick ratio of 1.56 and a debt-to-equity ratio of 7.19.

Atkore International Group (NYSE:ATKR) last released its earnings results on Wednesday, November 28th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.08. The company had revenue of $477.57 million for the quarter, compared to the consensus estimate of $469.05 million. Atkore International Group had a net margin of 7.45% and a return on equity of 84.54%. Atkore International Group’s revenue was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.40 EPS. On average, equities research analysts expect that Atkore International Group Inc will post 2.55 earnings per share for the current year.

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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.

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

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