Atkore International Group Inc (ATKR) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its stake in shares of Atkore International Group Inc (NYSE:ATKR) by 34,843.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 44,727 shares of the company’s stock after acquiring an additional 44,599 shares during the quarter. JPMorgan Chase & Co.’s holdings in Atkore International Group were worth $876,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in ATKR. Victory Capital Management Inc. raised its stake in Atkore International Group by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 5,898 shares of the company’s stock worth $133,000 after purchasing an additional 885 shares in the last quarter. Legal & General Group Plc raised its stake in Atkore International Group by 300.6% in the 2nd quarter. Legal & General Group Plc now owns 8,140 shares of the company’s stock worth $183,000 after purchasing an additional 6,108 shares in the last quarter. Koch Industries Inc. acquired a new stake in Atkore International Group in the 2nd quarter worth about $205,000. Dynamic Technology Lab Private Ltd acquired a new stake in Atkore International Group in the 3rd quarter worth about $237,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in Atkore International Group in the 3rd quarter worth about $314,000. 98.33% of the stock is owned by institutional investors and hedge funds.

ATKR has been the subject of several analyst reports. Citigroup reiterated a “buy” rating and issued a $23.00 price objective (up previously from $22.00) on shares of Atkore International Group in a research note on Monday, October 9th. BidaskClub upgraded shares of Atkore International Group from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. Royal Bank of Canada reiterated a “buy” rating and issued a $23.00 price objective on shares of Atkore International Group in a research note on Friday, October 13th. TheStreet upgraded shares of Atkore International Group from a “d+” rating to a “c-” rating in a research report on Wednesday, November 29th. Finally, Zacks Investment Research upgraded shares of Atkore International Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Atkore International Group has a consensus rating of “Buy” and an average target price of $23.00.

In related news, VP James A. Mallak sold 77,856 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $20.00, for a total transaction of $1,557,120.00. Following the completion of the transaction, the vice president now directly owns 93,855 shares in the company, valued at approximately $1,877,100. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John Patrick Williamson sold 56,007 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $20.00, for a total transaction of $1,120,140.00. Following the transaction, the insider now owns 179,091 shares of the company’s stock, valued at $3,581,820. The disclosure for this sale can be found here. Insiders sold a total of 501,650 shares of company stock valued at $10,418,317 over the last 90 days. Corporate insiders own 68.80% of the company’s stock.

Atkore International Group Inc (NYSE ATKR) opened at $21.69 on Friday. The company has a market cap of $1,375.82, a P/E ratio of 17.21, a PEG ratio of 1.48 and a beta of 1.10. The company has a quick ratio of 1.44, a current ratio of 2.39 and a debt-to-equity ratio of 1.58. Atkore International Group Inc has a 12-month low of $15.05 and a 12-month high of $27.30.

Atkore International Group (NYSE:ATKR) last issued its earnings results on Wednesday, November 29th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02. The company had revenue of $395.80 million during the quarter, compared to analysts’ expectations of $394.49 million. Atkore International Group had a net margin of 5.63% and a return on equity of 26.22%. The business’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.35 EPS. sell-side analysts predict that Atkore International Group Inc will post 1.47 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Atkore International Group Inc (ATKR) Shares Bought by JPMorgan Chase & Co.” was first published by Markets Daily and is owned by of Markets Daily. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright & trademark law. The original version of this piece of content can be read at https://www.themarketsdaily.com/2018/01/14/atkore-international-group-inc-atkr-shares-bought-by-jpmorgan-chase-co.html.

Atkore International Group 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.

Want to see what other hedge funds are holding ATKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Atkore International Group Inc (NYSE:ATKR).

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

Receive News & Ratings for Atkore International Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atkore International Group and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply