Arrowstreet Capital Limited Partnership Takes Position in Atkore International Group Inc (ATKR)
Arrowstreet Capital Limited Partnership acquired a new stake in Atkore International Group Inc (NYSE:ATKR) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 31,145 shares of the company’s stock, valued at approximately $668,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ATKR. SG Americas Securities LLC bought a new position in Atkore International Group during the 4th quarter worth about $130,000. Dynamic Technology Lab Private Ltd bought a new position in Atkore International Group during the 3rd quarter worth about $237,000. Teacher Retirement System of Texas bought a new position in Atkore International Group during the 4th quarter worth about $237,000. Catalyst Capital Advisors LLC bought a new position in Atkore International Group during the 3rd quarter worth about $314,000. Finally, Voya Investment Management LLC bought a new position in Atkore International Group during the 2nd quarter worth about $319,000. Institutional investors and hedge funds own 99.30% of the company’s stock.
In related news, major shareholder Allied Holdings L.P. Cd&R sold 5,792,925 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $21.27, for a total value of $123,215,514.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP James A. Mallak sold 87,700 shares of the firm’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $21.43, for a total transaction of $1,879,411.00. Following the completion of the sale, the vice president now owns 165,323 shares of the company’s stock, valued at $3,542,871.89. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,176,164 shares of company stock valued at $501,550,210. Company insiders own 51.00% of the company’s stock.
Atkore International Group Inc (ATKR) opened at $20.74 on Wednesday. Atkore International Group Inc has a one year low of $15.05 and a one year high of $26.80. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.39 and a current ratio of 2.45. The company has a market cap of $1,331.30, a PE ratio of 14.71, a PEG ratio of 1.16 and a beta of 1.42.
Atkore International Group (NYSE:ATKR) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.09. Atkore International Group had a net margin of 5.97% and a return on equity of 26.99%. The company had revenue of $414.60 million during the quarter, compared to the consensus estimate of $382.89 million. During the same period in the prior year, the business posted $0.28 EPS. The company’s quarterly revenue was up 22.8% on a year-over-year basis. research analysts anticipate that Atkore International Group Inc will post 1.8 earnings per share for the current year.
ILLEGAL ACTIVITY NOTICE: This report was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this report on another website, it was stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this report can be accessed at https://www.thecerbatgem.com/2018/03/14/arrowstreet-capital-limited-partnership-takes-position-in-atkore-international-group-inc-atkr.html.
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.
Want to see what other hedge funds are holding ATKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Atkore International Group Inc (NYSE:ATKR).
Receive News & Ratings for Atkore International Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atkore International Group and related companies with MarketBeat.com's FREE daily email newsletter.