Vise Technologies Inc. Buys New Position in Atkore Inc. $ATKR

Vise Technologies Inc. bought a new position in Atkore Inc. (NYSE:ATKR) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 3,542 shares of the company’s stock, valued at approximately $250,000.

Several other institutional investors have also recently added to or reduced their stakes in ATKR. SummerHaven Investment Management LLC grew its position in shares of Atkore by 4.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 6,283 shares of the company’s stock worth $443,000 after buying an additional 244 shares during the period. Jones Financial Companies Lllp increased its stake in Atkore by 61.8% in the first quarter. Jones Financial Companies Lllp now owns 644 shares of the company’s stock valued at $39,000 after purchasing an additional 246 shares in the last quarter. Matrix Trust Co raised its holdings in shares of Atkore by 7.8% during the second quarter. Matrix Trust Co now owns 4,133 shares of the company’s stock valued at $292,000 after purchasing an additional 298 shares during the period. Harbour Investments Inc. grew its stake in shares of Atkore by 29.1% in the 1st quarter. Harbour Investments Inc. now owns 1,330 shares of the company’s stock valued at $80,000 after buying an additional 300 shares during the period. Finally, Arkadios Wealth Advisors increased its position in Atkore by 8.4% in the 2nd quarter. Arkadios Wealth Advisors now owns 4,111 shares of the company’s stock valued at $290,000 after buying an additional 317 shares in the last quarter.

Atkore Trading Down 0.6%

Shares of Atkore stock opened at $64.62 on Tuesday. The company has a market capitalization of $2.17 billion, a P/E ratio of 20.71 and a beta of 2.12. The stock has a fifty day simple moving average of $64.36 and a 200 day simple moving average of $66.17. Atkore Inc. has a 12-month low of $49.92 and a 12-month high of $97.32. The company has a current ratio of 3.09, a quick ratio of 2.08 and a debt-to-equity ratio of 0.52.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Weiss Ratings downgraded Atkore from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 24th. KeyCorp restated a “sector weight” rating on shares of Atkore in a report on Friday. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $79.57.

Insider Activity at Atkore

In related news, insider Mark F. Lamps sold 1,000 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $64.75, for a total transaction of $64,750.00. Following the transaction, the insider directly owned 29,923 shares of the company’s stock, valued at $1,937,514.25. This trade represents a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.99% of the stock is currently owned by corporate insiders.

Atkore Profile

Atkore Inc engages in the manufacture and sale of electrical, mechanical, safety, and infrastructure products and solutions in the United States and internationally. The company offers conduits, cables, and installation accessories. It also designs and manufactures protection and reliability solutions for critical infrastructure, such as metal framing, mechanical pipe, perimeter security, and cable management.