UBS Asset Management Americas Inc. Invests $372,000 in Atkore International Group Inc (ATKR)

UBS Asset Management Americas Inc. acquired a new stake in Atkore International Group Inc (NASDAQ:ATKR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 16,500 shares of the company’s stock, valued at approximately $372,000.

Other large investors also recently bought and sold shares of the company. Victory Capital Management Inc. bought a new stake in shares of Atkore International Group in the 1st quarter valued at approximately $132,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Atkore International Group in the 1st quarter valued at approximately $139,000. American International Group Inc. bought a new stake in shares of Atkore International Group in the 1st quarter valued at approximately $194,000. Legal & General Group Plc lifted its stake in shares of Atkore International Group by 300.6% in the 2nd quarter. Legal & General Group Plc now owns 8,140 shares of the company’s stock valued at $183,000 after purchasing an additional 6,108 shares during the last quarter. Finally, JPMorgan Chase & Co. bought a new stake in shares of Atkore International Group in the 1st quarter valued at approximately $256,000.

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ATKR has been the subject of several analyst reports. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Atkore International Group in a research note on Wednesday, August 9th. Zacks Investment Research lowered Atkore International Group from a “hold” rating to a “strong sell” rating in a research note on Friday, August 11th. BidaskClub lowered Atkore International Group from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. Citigroup Inc. reaffirmed a “buy” rating and issued a $23.00 price objective (up from $22.00) on shares of Atkore International Group in a research note on Monday, October 9th. Finally, TheStreet lowered Atkore International Group from a “c-” rating to a “d+” rating in a research note on Wednesday, August 23rd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $22.25.

In related news, CEO John Patrick Williamson sold 13,536 shares of the stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $20.00, for a total value of $270,720.00. Following the completion of the transaction, the chief executive officer now directly owns 179,091 shares in the company, valued at $3,581,820. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO James A. Mallak sold 21,867 shares of the stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $20.00, for a total value of $437,340.00. Following the completion of the transaction, the chief financial officer now owns 93,855 shares of the company’s stock, valued at $1,877,100. The disclosure for this sale can be found here. Insiders sold 169,367 shares of company stock valued at $3,387,340 over the last quarter.

Shares of Atkore International Group Inc (NASDAQ ATKR) opened at 19.26 on Tuesday. Atkore International Group Inc has a 52 week low of $15.05 and a 52 week high of $27.30. The company’s 50 day moving average price is $19.21 and its 200-day moving average price is $19.16. The company has a market capitalization of $1.23 billion and a price-to-earnings ratio of 15.89.

Atkore International Group (NASDAQ:ATKR) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.02. The company had revenue of $397.70 million during the quarter, compared to analyst estimates of $424.49 million. Atkore International Group had a return on equity of 33.89% and a net margin of 6.91%. Atkore International Group’s revenue was up .5% compared to the same quarter last year. Analysts anticipate that Atkore International Group Inc will post $1.42 earnings per share for the current fiscal year.

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.

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

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