Atkore International Group Inc (ATKR) Shares Sold by Numeric Investors LLC
Numeric Investors LLC lessened its stake in shares of Atkore International Group Inc (NASDAQ:ATKR) by 73.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 280,314 shares of the company’s stock after selling 786,243 shares during the period. Numeric Investors LLC owned about 0.44% of Atkore International Group worth $6,321,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Federated Investors Inc. PA raised its position in Atkore International Group by 9.5% in the second quarter. Federated Investors Inc. PA now owns 191,824 shares of the company’s stock worth $4,326,000 after acquiring an additional 16,616 shares during the period. JPMorgan Chase & Co. purchased a new position in Atkore International Group in the first quarter valued at about $256,000. Foresters Investment Management Company Inc. purchased a new position in Atkore International Group in the first quarter valued at about $11,755,000. Renaissance Technologies LLC purchased a new position in Atkore International Group in the first quarter valued at about $8,312,000. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of Atkore International Group during the 1st quarter valued at approximately $139,000.
A number of research analysts have recently weighed in on ATKR shares. TheStreet downgraded shares of Atkore International Group from a “c-” rating to a “d+” rating in a research report on Wednesday, August 23rd. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $20.00 price target on shares of Atkore International Group in a report on Friday, September 15th. Zacks Investment Research downgraded Atkore International Group from a “hold” rating to a “strong sell” rating in a research note on Friday, August 11th. BidaskClub upgraded Atkore International Group from a “sell” rating to a “hold” rating in a research note on Friday, September 8th. Finally, 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 research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $23.75.
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Shares of Atkore International Group Inc (ATKR) opened at 19.64 on Tuesday. The company has a 50-day moving average price of $18.67 and a 200 day moving average price of $18.67. The stock has a market cap of $1.26 billion and a price-to-earnings ratio of 16.20. Atkore International Group Inc has a one year low of $17.43 and a one year high of $27.30.
Atkore International Group (NASDAQ:ATKR) last posted its earnings results on Tuesday, August 8th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates 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 company’s revenue for the quarter was up .5% on a year-over-year basis. Equities research analysts expect that Atkore International Group Inc will post $1.43 earnings per share for the current year.
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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