Atkore International Group Inc (ATKR) Shares Sold by Old Mutual Global Investors UK Ltd.

Old Mutual Global Investors UK Ltd. lowered its holdings in Atkore International Group Inc (NASDAQ:ATKR) by 16.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,475 shares of the company’s stock after selling 9,544 shares during the quarter. Old Mutual Global Investors UK Ltd. owned 0.07% of Atkore International Group worth $1,070,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of ATKR. Bronfman E.L. Rothschild L.P. raised its position in Atkore International Group by 34.1% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,184 shares of the company’s stock valued at $110,000 after purchasing an additional 1,065 shares during the period. Victory Capital Management Inc. purchased a new stake in Atkore International Group in the first quarter valued at $132,000. Oppenheimer Asset Management Inc. purchased a new stake in Atkore International Group in the first quarter valued at $139,000. Legal & General Group Plc raised its position in Atkore International Group by 300.6% in the second quarter. Legal & General Group Plc now owns 8,140 shares of the company’s stock valued at $183,000 after purchasing an additional 6,108 shares during the period. Finally, American International Group Inc. purchased a new stake in Atkore International Group in the first quarter valued at $194,000.

Shares of Atkore International Group Inc (NASDAQ ATKR) opened at 17.66 on Friday. Atkore International Group Inc has a 12-month low of $15.05 and a 12-month high of $27.30. The company has a 50 day moving average price of $18.16 and a 200 day moving average price of $22.58. The stock has a market cap of $1.13 billion and a P/E ratio of 14.57.

Atkore International Group (NASDAQ:ATKR) last issued its earnings results on Tuesday, August 8th. The company reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.02. Atkore International Group had a return on equity of 33.89% and a net margin of 6.91%. The firm had revenue of $397.70 million for the quarter, compared to analysts’ expectations of $424.49 million. The business’s revenue was up .5% compared to the same quarter last year. Analysts anticipate that Atkore International Group Inc will post $1.43 earnings per share for the current fiscal year.

In related news, insider John Patrick Williamson sold 70,000 shares of Atkore International Group stock in a transaction on Friday, June 16th. The stock was sold at an average price of $21.78, for a total value of $1,524,600.00. Following the transaction, the insider now owns 201,625 shares in the company, valued at $4,391,392.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

ATKR has been the topic of a number of research analyst reports. Royal Bank Of Canada restated a “buy” rating and issued a $20.00 target price on shares of Atkore International Group in a research report on Wednesday, August 9th. Credit Suisse Group upgraded Atkore International Group from a “neutral” rating to an “outperform” rating and set a $22.00 price objective on the stock in a report on Wednesday, August 9th. Citigroup Inc. reiterated a “buy” rating and issued a $22.00 price objective (down previously from $28.00) on shares of Atkore International Group in a report on Thursday, August 10th. Zacks Investment Research downgraded Atkore International Group from a “hold” rating to a “strong sell” rating in a report on Friday, August 11th. Finally, TheStreet downgraded Atkore International Group from a “c-” rating to a “d+” rating in a report on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $23.75.

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

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