Atkore International Group Inc (NYSE:ATKR) Shares Sold by Man Group plc

Man Group plc trimmed its stake in Atkore International Group Inc (NYSE:ATKR) by 41.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 465,127 shares of the company’s stock after selling 333,764 shares during the quarter. Man Group plc owned approximately 0.99% of Atkore International Group worth $14,116,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Oppenheimer Asset Management Inc. acquired a new stake in shares of Atkore International Group during the second quarter valued at approximately $46,000. Point72 Hong Kong Ltd purchased a new position in Atkore International Group during the 2nd quarter worth approximately $75,000. DekaBank Deutsche Girozentrale purchased a new position in Atkore International Group during the 2nd quarter worth approximately $95,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Atkore International Group by 24.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,661 shares of the company’s stock valued at $111,000 after purchasing an additional 713 shares during the period. Finally, New York State Teachers Retirement System raised its stake in Atkore International Group by 20.6% during the 3rd quarter. New York State Teachers Retirement System now owns 4,100 shares of the company’s stock valued at $124,000 after purchasing an additional 700 shares during the period. Institutional investors and hedge funds own 97.94% of the company’s stock.

In other Atkore International Group news, insider Mark F. Lamps sold 2,009 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $41.75, for a total value of $83,875.75. Following the transaction, the insider now owns 17,857 shares in the company, valued at $745,529.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William E. Jr. Waltz sold 58,818 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $41.16, for a total value of $2,420,948.88. Following the completion of the transaction, the chief executive officer now directly owns 234,941 shares in the company, valued at $9,670,171.56. The disclosure for this sale can be found here. Insiders sold 62,832 shares of company stock valued at $2,580,032 over the last three months. 3.03% of the stock is owned by insiders.

Shares of ATKR opened at $40.92 on Wednesday. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 14.46 and a beta of 1.84. Atkore International Group Inc has a fifty-two week low of $18.29 and a fifty-two week high of $42.23. The company has a debt-to-equity ratio of 3.63, a current ratio of 2.43 and a quick ratio of 1.65. The business’s 50-day moving average is $36.83 and its 200-day moving average is $29.66.

ATKR has been the subject of several recent analyst reports. Zacks Investment Research raised Atkore International Group from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Tuesday, October 8th. Royal Bank of Canada reissued an “outperform” rating and set a $46.00 price target (up from $32.00) on shares of Atkore International Group in a research report on Monday, November 25th.

Atkore International Group Company 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.

Further Reading: How is diluted EPS different from basic EPS?

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

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