Calamos Advisors LLC purchased a new position in shares of Atkore International Group Inc (NYSE:ATKR) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 26,000 shares of the company’s stock, valued at approximately $560,000.
A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Atkore International Group by 12.2% during the 3rd quarter. Vanguard Group Inc. now owns 4,666,758 shares of the company’s stock worth $123,810,000 after purchasing an additional 509,278 shares during the period. Vanguard Group Inc boosted its position in Atkore International Group by 12.2% during the 3rd quarter. Vanguard Group Inc now owns 4,666,758 shares of the company’s stock worth $123,810,000 after purchasing an additional 509,278 shares during the period. Macquarie Group Ltd. boosted its position in Atkore International Group by 1.8% in the 4th quarter. Macquarie Group Ltd. now owns 1,905,367 shares of the company’s stock valued at $37,802,000 after buying an additional 34,200 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Atkore International Group by 3.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,342,518 shares of the company’s stock valued at $26,636,000 after buying an additional 41,883 shares during the last quarter. Finally, Investment Counselors of Maryland LLC boosted its position in Atkore International Group by 9.0% in the 4th quarter. Investment Counselors of Maryland LLC now owns 1,084,915 shares of the company’s stock valued at $21,525,000 after buying an additional 89,526 shares during the last quarter. 98.31% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have weighed in on ATKR. Zacks Investment Research raised shares of Atkore International Group from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Wednesday, March 20th. Credit Suisse Group began coverage on shares of Atkore International Group in a research report on Thursday, February 21st. They issued a “neutral” rating and a $25.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $27.00.
Atkore International Group (NYSE:ATKR) last posted its quarterly earnings data on Tuesday, February 5th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. The company had revenue of $452.03 million during the quarter, compared to analysts’ expectations of $449.53 million. Atkore International Group had a net margin of 7.28% and a return on equity of 142.82%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.46 EPS. As a group, sell-side analysts expect that Atkore International Group Inc will post 2.71 earnings per share for the current fiscal year.
In other Atkore International Group news, insider Michael J. Schulte sold 57,291 shares of the company’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $24.22, for a total value of $1,387,588.02. Following the completion of the transaction, the insider now directly owns 188,202 shares of the company’s stock, valued at approximately $4,558,252.44. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 3.03% of the company’s stock.
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About Atkore International Group
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.
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