Macquarie Group Ltd. purchased a new position in shares of Atkore International Group Inc (NASDAQ:ATKR) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,054,424 shares of the company’s stock, valued at approximately $23,777,000. Macquarie Group Ltd. owned about 1.65% of Atkore International Group as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of ATKR. Bank of New York Mellon Corp lifted its stake in Atkore International Group by 637.9% during the first quarter. Bank of New York Mellon Corp now owns 582,817 shares of the company’s stock worth $15,318,000 after purchasing an additional 503,831 shares during the last quarter. Swiss National Bank lifted its stake in Atkore International Group by 42.1% during the first quarter. Swiss National Bank now owns 52,000 shares of the company’s stock worth $1,367,000 after purchasing an additional 15,400 shares during the last quarter. Ameriprise Financial Inc. bought a new stake in Atkore International Group during the first quarter worth about $5,131,000. Parametric Portfolio Associates LLC lifted its stake in Atkore International Group by 5.5% during the first quarter. Parametric Portfolio Associates LLC now owns 20,114 shares of the company’s stock worth $529,000 after purchasing an additional 1,049 shares during the last quarter. Finally, Oxford Asset Management bought a new stake in Atkore International Group during the first quarter worth about $578,000.
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ATKR has been the subject of several research analyst reports. TheStreet lowered Atkore International Group from a “c-” rating to a “d+” rating in a research note on Wednesday, August 23rd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $20.00 price target on shares of Atkore International Group in a research note on Friday, September 15th. BidaskClub raised Atkore International Group from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. Zacks Investment Research lowered Atkore International Group from a “hold” rating to a “strong sell” rating in a research note on Friday, August 11th. Finally, UBS AG lowered Atkore International Group from a “buy” rating to a “neutral” rating and boosted their target price for the company from $19.00 to $21.00 in a research note on Wednesday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Atkore International Group currently has an average rating of “Buy” and an average price target of $21.50.
Shares of Atkore International Group Inc (NASDAQ:ATKR) opened at 19.15 on Thursday. The company has a market cap of $1.23 billion and a price-to-earnings ratio of 15.80. Atkore International Group Inc has a 1-year low of $15.05 and a 1-year high of $27.30. The stock has a 50 day moving average price of $18.95 and a 200-day moving average price of $18.95.
Atkore International Group (NASDAQ:ATKR) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.02. The business had revenue of $397.70 million during the quarter, compared to the consensus estimate of $424.49 million. Atkore International Group had a net margin of 6.91% and a return on equity of 33.89%. The business’s revenue was up .5% on a year-over-year basis. Equities research analysts forecast that Atkore International Group Inc will post $1.43 earnings per share for the current year.
About Atkore International Group
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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