Oppenheimer Asset Management Inc. trimmed its stake in Atkore International Group Inc (NYSE:ATKR) by 65.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,353 shares of the company’s stock after selling 10,011 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Atkore International Group were worth $104,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its position in Atkore International Group by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 5,898 shares of the company’s stock valued at $133,000 after acquiring an additional 885 shares during the period. Rosenblum Silverman Sutton S F Inc. CA lifted its position in Atkore International Group by 1.2% during the 2nd quarter. Rosenblum Silverman Sutton S F Inc. CA now owns 77,485 shares of the company’s stock valued at $1,747,000 after acquiring an additional 925 shares during the period. State of Wisconsin Investment Board lifted its position in Atkore International Group by 1.6% during the 2nd quarter. State of Wisconsin Investment Board now owns 250,000 shares of the company’s stock valued at $5,637,000 after acquiring an additional 3,900 shares during the period. Legal & General Group Plc lifted its position in Atkore International Group by 300.6% during the 2nd quarter. Legal & General Group Plc now owns 8,140 shares of the company’s stock valued at $183,000 after acquiring an additional 6,108 shares during the period. Finally, Menta Capital LLC lifted its position in Atkore International Group by 11.3% during the 2nd quarter. Menta Capital LLC now owns 69,041 shares of the company’s stock valued at $1,557,000 after acquiring an additional 7,018 shares during the period. 98.86% of the stock is owned by hedge funds and other institutional investors.

In other news, VP Kevin P. Fitzpatrick sold 154,806 shares of Atkore International Group stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $22.13, for a total value of $3,425,856.78. Following the completion of the sale, the vice president now directly owns 58,223 shares in the company, valued at $1,288,474.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP James A. Mallak sold 77,856 shares of Atkore International Group stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $20.00, for a total transaction of $1,557,120.00. Following the completion of the sale, the vice president now owns 93,855 shares of the company’s stock, valued at $1,877,100. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 501,751 shares of company stock valued at $10,420,337. 68.80% of the stock is owned by company insiders.

ATKR has been the subject of a number of recent research reports. BidaskClub cut shares of Atkore International Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 4th. Zacks Investment Research upgraded shares of Atkore International Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 10th. UBS lowered shares of Atkore International Group from a “buy” rating to a “neutral” rating and raised their price objective for the company from $19.00 to $21.00 in a research note on Wednesday, October 11th. Royal Bank of Canada restated a “buy” rating and set a $23.00 price objective on shares of Atkore International Group in a research note on Friday, October 13th. Finally, TheStreet lowered shares of Atkore International Group from a “c-” rating to a “d+” rating in a research note on Wednesday, August 23rd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $23.00.

Shares of Atkore International Group Inc (NYSE ATKR) opened at $21.34 on Wednesday. The firm has a market cap of $1,355.53, a PE ratio of 16.96, a price-to-earnings-growth ratio of 1.45 and a beta of 1.09. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.44 and a current ratio of 2.39. Atkore International Group Inc has a 12 month low of $15.05 and a 12 month high of $27.30.

Atkore International Group (NYSE:ATKR) last released its quarterly earnings data on Wednesday, November 29th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The business had revenue of $395.80 million during the quarter, compared to analyst estimates of $394.49 million. Atkore International Group had a net margin of 5.63% and a return on equity of 26.22%. Atkore International Group’s revenue was down 4.9% compared to the same quarter last year. During the same period last year, the business earned $0.35 EPS. equities research analysts predict that Atkore International Group Inc will post 1.47 earnings per share for the current year.

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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.

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

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