Deutsche Bank AG Sells 202,428 Shares of Atkore International Group (ATKR)

Deutsche Bank AG lessened its holdings in Atkore International Group (NYSE:ATKR) by 55.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 164,264 shares of the company’s stock after selling 202,428 shares during the period. Deutsche Bank AG owned 0.26% of Atkore International Group worth $3,520,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nationwide Fund Advisors lifted its stake in shares of Atkore International Group by 49.4% during the third quarter. Nationwide Fund Advisors now owns 67,678 shares of the company’s stock valued at $1,320,000 after buying an additional 22,392 shares during the period. New York State Common Retirement Fund lifted its stake in shares of Atkore International Group by 11.3% during the third quarter. New York State Common Retirement Fund now owns 284,970 shares of the company’s stock valued at $5,560,000 after buying an additional 28,887 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Atkore International Group by 17.0% during the third quarter. Bank of New York Mellon Corp now owns 262,117 shares of the company’s stock valued at $5,114,000 after buying an additional 38,105 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Atkore International Group by 8.0% during the third quarter. Ameriprise Financial Inc. now owns 332,517 shares of the company’s stock valued at $6,488,000 after buying an additional 24,744 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Atkore International Group by 34,843.0% during the third quarter. JPMorgan Chase & Co. now owns 44,727 shares of the company’s stock valued at $876,000 after buying an additional 44,599 shares during the period. 99.26% of the stock is currently owned by institutional investors.

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In other news, VP James A. Mallak sold 87,700 shares of the stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $21.43, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Patrick Williamson sold 3,760 shares of the stock in a transaction on Monday, March 12th. The stock was sold at an average price of $21.00, for a total transaction of $78,960.00. Following the completion of the sale, the insider now directly owns 196,872 shares of the company’s stock, valued at approximately $4,134,312. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,109,924 shares of company stock worth $500,173,870. 68.80% of the stock is currently owned by insiders.

Several equities analysts recently issued reports on ATKR shares. UBS started coverage on shares of Atkore International Group in a research note on Tuesday, January 23rd. They set a “hold” rating and a $23.00 price objective on the stock. Citigroup increased their price target on shares of Atkore International Group from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Zacks Investment Research raised shares of Atkore International Group from a “sell” rating to a “hold” rating and set a $24.00 price target on the stock in a research note on Thursday, February 8th. Finally, TheStreet raised shares of Atkore International Group from a “d+” rating to a “c” rating in a research note on Wednesday, February 14th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Atkore International Group currently has an average rating of “Buy” and a consensus price target of $23.80.

NYSE:ATKR opened at $19.10 on Friday. The company has a current ratio of 2.45, a quick ratio of 1.39 and a debt-to-equity ratio of 1.36. The company has a market cap of $1,211.71, a price-to-earnings ratio of 15.04, a P/E/G ratio of 1.06 and a beta of 1.62. Atkore International Group has a fifty-two week low of $15.05 and a fifty-two week high of $26.80.

Atkore International Group (NYSE:ATKR) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.09. The company had revenue of $414.60 million for the quarter, compared to the consensus estimate of $382.89 million. Atkore International Group had a net margin of 5.97% and a return on equity of 26.99%. Atkore International Group’s revenue was up 22.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.28 earnings per share. equities analysts predict that Atkore International Group will post 1.8 earnings per share for the current fiscal year.

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Atkore International Group Company Profile

Atkore International Group Inc manufactures and distributes electrical raceway products in the United States and internationally. The company's electrical raceway products include electrical conduits and fittings, armored cable and fittings, cable trays and mounting systems, and fittings for the non-residential construction, renovation markets, and mechanical products and solutions (MP&S) for the construction, and industrial markets.

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

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