361 Capital LLC Buys 12,914 Shares of Atkore International Group Inc (ATKR)

361 Capital LLC raised its stake in shares of Atkore International Group Inc (NYSE:ATKR) by 9.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 147,177 shares of the company’s stock after acquiring an additional 12,914 shares during the quarter. Atkore International Group comprises 0.6% of 361 Capital LLC’s portfolio, making the stock its 25th biggest holding. 361 Capital LLC’s holdings in Atkore International Group were worth $3,169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Atkore International Group by 12.2% during the third quarter. Vanguard Group Inc. now owns 4,666,758 shares of the company’s stock valued at $123,810,000 after buying an additional 509,278 shares in the last quarter. Macquarie Group Ltd. raised its holdings in Atkore International Group by 1.8% during the fourth quarter. Macquarie Group Ltd. now owns 1,905,367 shares of the company’s stock valued at $37,802,000 after buying an additional 34,200 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Atkore International Group by 3.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,342,518 shares of the company’s stock valued at $26,636,000 after buying an additional 41,883 shares in the last quarter. Investment Counselors of Maryland LLC raised its holdings in Atkore International Group by 9.0% during the fourth quarter. Investment Counselors of Maryland LLC now owns 1,084,915 shares of the company’s stock valued at $21,525,000 after buying an additional 89,526 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Atkore International Group by 0.4% during the fourth quarter. Victory Capital Management Inc. now owns 1,031,751 shares of the company’s stock valued at $20,470,000 after buying an additional 4,592 shares in the last quarter. Institutional investors own 98.22% of the company’s stock.

Atkore International Group stock opened at $24.68 on Friday. The company has a debt-to-equity ratio of 5.58, a quick ratio of 1.66 and a current ratio of 2.53. The stock has a market capitalization of $1.15 billion, a PE ratio of 9.95 and a beta of 1.97. Atkore International Group Inc has a 52 week low of $17.47 and a 52 week high of $28.67.

Atkore International Group (NYSE:ATKR) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.18. The business had revenue of $469.30 million for the quarter, compared to analyst estimates of $478.77 million. Atkore International Group had a return on equity of 103.17% and a net margin of 6.51%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.63 earnings per share. Analysts anticipate that Atkore International Group Inc will post 3.33 EPS for the current year.

A number of equities analysts have recently commented on the company. Zacks Investment Research lowered Atkore International Group from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. Credit Suisse Group assumed coverage on Atkore International Group in a research note on Thursday, February 21st. They issued a “neutral” rating and a $25.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $27.00.

In other news, insider Michael J. Schulte sold 57,291 shares of Atkore International Group stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $24.22, for a total value of $1,387,588.02. Following the transaction, the insider now directly owns 188,202 shares in the company, valued at $4,558,252.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.03% of the company’s stock.

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Atkore International Group Company Profile

Atkore International Group Inc manufactures and distributes electrical raceway products, and mechanical products and solutions (MP&S) in the United States and internationally. The company offers electrical raceway products, including electrical conduits and fittings, armored cables and fittings, and cable trays and mounting systems and fittings.

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

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