Schwab Charles Investment Management Inc. lifted its stake in shares of Atkore International Group Inc (NYSE:ATKR) by 97.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 374,975 shares of the company’s stock after acquiring an additional 185,426 shares during the period. Schwab Charles Investment Management Inc. owned 0.59% of Atkore International Group worth $7,316,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in ATKR. Macquarie Group Ltd. acquired a new position in shares of Atkore International Group during the 2nd quarter valued at $23,777,000. Lazard Asset Management LLC lifted its position in shares of Atkore International Group by 44.6% during the 2nd quarter. Lazard Asset Management LLC now owns 2,047,049 shares of the company’s stock valued at $46,160,000 after acquiring an additional 631,873 shares during the period. Wells Fargo & Company MN lifted its position in shares of Atkore International Group by 94.9% during the 2nd quarter. Wells Fargo & Company MN now owns 1,272,105 shares of the company’s stock valued at $28,686,000 after acquiring an additional 619,468 shares during the period. Vanguard Group Inc. lifted its position in shares of Atkore International Group by 13.3% during the 2nd quarter. Vanguard Group Inc. now owns 3,549,616 shares of the company’s stock valued at $80,044,000 after acquiring an additional 417,268 shares during the period. Finally, State Street Corp lifted its position in shares of Atkore International Group by 163.2% during the 2nd quarter. State Street Corp now owns 533,175 shares of the company’s stock valued at $12,022,000 after acquiring an additional 330,633 shares during the period. Institutional investors own 98.33% of the company’s stock.

In other news, VP James A. Mallak sold 77,856 shares of the company’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $20.00, for a total value of $1,557,120.00. Following the completion of the sale, the vice president now owns 93,855 shares in the company, valued at approximately $1,877,100. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO John Patrick Williamson sold 13,536 shares of the company’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $20.00, for a total transaction of $270,720.00. Following the completion of the sale, the chief executive officer now owns 179,091 shares of the company’s stock, valued at approximately $3,581,820. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 501,751 shares of company stock worth $10,420,337. Corporate insiders own 68.80% of the company’s stock.

Atkore International Group Inc (NYSE ATKR) opened at $21.68 on Friday. 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 1-year low of $15.05 and a 1-year high of $27.30. The firm has a market cap of $1,369.48, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 1.47 and a beta of 1.10.

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, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.02. Atkore International Group had a net margin of 5.63% and a return on equity of 26.22%. The firm had revenue of $395.80 million for the quarter, compared to the consensus estimate of $394.49 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. The business’s revenue was down 4.9% on a year-over-year basis. equities analysts forecast that Atkore International Group Inc will post 1.47 EPS for the current year.

A number of research analysts recently issued reports on ATKR shares. BidaskClub upgraded shares of Atkore International Group from a “sell” rating to a “hold” rating in a research report on Friday, September 8th. Royal Bank of Canada restated a “buy” rating and set a $20.00 price objective on shares of Atkore International Group in a report on Friday, September 15th. Citigroup restated a “buy” rating and set a $23.00 price objective (up previously from $22.00) on shares of Atkore International Group in a report on Monday, October 9th. Zacks Investment Research upgraded shares of Atkore International Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 10th. Finally, UBS Group downgraded shares of Atkore International Group from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $19.00 to $21.00 in a report on Wednesday, October 11th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $23.00.

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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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