Crestline Management LP bought a new stake in Atkore International Group Inc (NYSE:ATKR) during the 4th quarter, HoldingsChannel reports. The firm bought 69,947 shares of the company’s stock, valued at approximately $1,500,000.
Several other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of Atkore International Group in the fourth quarter valued at approximately $130,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Atkore International Group in the third quarter valued at approximately $237,000. Teacher Retirement System of Texas bought a new stake in shares of Atkore International Group in the fourth quarter valued at approximately $237,000. Koch Industries Inc. bought a new stake in shares of Atkore International Group in the fourth quarter valued at approximately $259,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Atkore International Group in the third quarter valued at approximately $314,000. 99.30% of the stock is currently owned by institutional investors.
In other news, insider John Patrick Williamson sold 3,760 shares of the stock in a transaction on Monday, March 12th. The stock was sold at an average price of $21.00, for a total value of $78,960.00. Following the completion of the transaction, the insider now directly owns 196,872 shares in the company, valued at approximately $4,134,312. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Allied Holdings L.P. Cd&R sold 5,792,925 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $21.27, for a total value of $123,215,514.75. The disclosure for this sale can be found here. Insiders have sold 23,179,924 shares of company stock valued at $501,629,170 over the last 90 days. Corporate insiders own 68.80% of the company’s stock.
Several equities research analysts recently issued reports on ATKR shares. UBS Group started coverage on Atkore International Group in a research note on Tuesday, January 23rd. They issued a “hold” rating and a $23.00 price target for the company. TheStreet upgraded Atkore International Group from a “d+” rating to a “c-” rating in a research note on Wednesday, November 29th. Citigroup upped their target price on Atkore International Group from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Finally, Zacks Investment Research upgraded Atkore International Group from a “sell” rating to a “hold” rating and set a $24.00 target price for the company in a research note on Thursday, February 8th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Atkore International Group has a consensus rating of “Buy” and a consensus target price of $23.80.
Shares of Atkore International Group Inc (NYSE ATKR) opened at $20.57 on Thursday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.39 and a current ratio of 2.45. Atkore International Group Inc has a 12 month low of $15.05 and a 12 month high of $26.80. The firm has a market capitalization of $1,319.21, a price-to-earnings ratio of 14.71, a price-to-earnings-growth ratio of 1.15 and a beta of 1.42.
Atkore International Group (NYSE:ATKR) last released its earnings results on Tuesday, February 6th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.09. Atkore International Group had a return on equity of 26.99% and a net margin of 5.97%. The firm had revenue of $414.60 million during the quarter, compared to analysts’ expectations of $382.89 million. During the same period in the prior year, the company earned $0.28 earnings per share. The company’s quarterly revenue was up 22.8% on a year-over-year basis. equities analysts anticipate that Atkore International Group Inc will post 1.8 EPS for the current fiscal year.
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Atkore International Group Company 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.
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