ClariVest Asset Management LLC purchased a new stake in shares of Atkore International Group Inc (NYSE:ATKR) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 192,158 shares of the company’s stock, valued at approximately $3,813,000. ClariVest Asset Management LLC owned 0.41% of Atkore International Group at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of ATKR. First Hawaiian Bank acquired a new position in Atkore International Group during the third quarter valued at $103,000. Tower Research Capital LLC TRC raised its position in Atkore International Group by 637.0% during the third quarter. Tower Research Capital LLC TRC now owns 4,739 shares of the company’s stock valued at $126,000 after buying an additional 4,096 shares during the period. Quantamental Technologies LLC acquired a new position in Atkore International Group during the fourth quarter valued at $128,000. Ibex Investors LLC acquired a new position in Atkore International Group during the third quarter valued at $205,000. Finally, Massachusetts Financial Services Co. MA acquired a new position in Atkore International Group during the third quarter valued at $230,000. 95.36% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:ATKR opened at $23.26 on Thursday. The firm has a market cap of $1.05 billion, a P/E ratio of 9.38 and a beta of 1.97. Atkore International Group Inc has a 1-year low of $17.47 and a 1-year high of $28.67. The company has a current ratio of 2.18, a quick ratio of 1.39 and a debt-to-equity ratio of 7.07.
Atkore International Group (NYSE:ATKR) last issued its earnings results on Tuesday, February 5th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.04. Atkore International Group had a return on equity of 142.82% and a net margin of 7.28%. The company had revenue of $452.03 million for the quarter, compared to analyst estimates of $449.53 million. During the same period in the prior year, the firm posted $0.46 EPS. The business’s revenue was up 9.0% compared to the same quarter last year. Equities research analysts predict that Atkore International Group Inc will post 2.65 EPS for the current year.
In other news, insider William E. Jr. Waltz bought 4,927 shares of the company’s stock in a transaction on Friday, November 30th. The shares were bought at an average cost of $20.34 per share, with a total value of $100,215.18. Following the transaction, the insider now directly owns 123,913 shares in the company, valued at approximately $2,520,390.42. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.03% of the company’s stock.
Several research analysts recently weighed in on the company. Zacks Investment Research lowered Atkore International Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 29th. TheStreet raised Atkore International Group from a “d” rating to a “c-” rating in a research report on Wednesday, December 12th. Finally, Citigroup set a $26.00 price target on Atkore International Group and gave the company a “hold” rating in a research report on Friday, November 30th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Atkore International Group currently has an average rating of “Hold” and a consensus target price of $26.75.
Atkore International Group 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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