Kirr Marbach & Co. LLC IN boosted its stake in shares of Atkore International Group Inc (NASDAQ:ATKR) by 46.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,805 shares of the company’s stock after buying an additional 6,250 shares during the period. Kirr Marbach & Co. LLC IN’s holdings in Atkore International Group were worth $447,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. increased its position in shares of Atkore International Group by 34.1% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,184 shares of the company’s stock valued at $110,000 after buying an additional 1,065 shares in the last quarter. Victory Capital Management Inc. bought a new position in shares of Atkore International Group during the first quarter valued at about $132,000. Oppenheimer Asset Management Inc. bought a new position in shares of Atkore International Group during the first quarter valued at about $139,000. American International Group Inc. bought a new position in shares of Atkore International Group during the first quarter valued at about $194,000. Finally, Trexquant Investment LP bought a new position in shares of Atkore International Group during the first quarter valued at about $218,000.
Shares of Atkore International Group Inc (NASDAQ:ATKR) traded up 4.91% during mid-day trading on Friday, hitting $17.72. 662,522 shares of the company traded hands. Atkore International Group Inc has a 1-year low of $15.05 and a 1-year high of $27.30. The stock has a market capitalization of $1.14 billion and a PE ratio of 14.62. The firm’s 50 day moving average price is $21.37 and its 200-day moving average price is $23.91.
Atkore International Group (NASDAQ:ATKR) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. The business had revenue of $397.70 million for the quarter, compared to analyst estimates of $424.49 million. Atkore International Group had a net margin of 5.08% and a return on equity of 25.87%. The company’s revenue for the quarter was up .5% on a year-over-year basis. On average, equities research analysts forecast that Atkore International Group Inc will post $1.43 EPS for the current year.
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Several brokerages have recently issued reports on ATKR. Zacks Investment Research downgraded shares of Atkore International Group from a “hold” rating to a “strong sell” rating in a report on Friday. Citigroup Inc. reiterated a “buy” rating and set a $22.00 price target (down from $28.00) on shares of Atkore International Group in a report on Thursday. Credit Suisse Group upgraded shares of Atkore International Group from a “neutral” rating to an “outperform” rating and set a $22.00 price target for the company in a report on Wednesday. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $20.00 price target on shares of Atkore International Group in a report on Wednesday.
In other Atkore International Group news, insider John Patrick Williamson sold 70,000 shares of the firm’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of $21.78, for a total value of $1,524,600.00. Following the sale, the insider now owns 201,625 shares of the company’s stock, valued at approximately $4,391,392.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
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.
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