Sawgrass Asset Management LLC Has $2.12 Million Holdings in Atkore International Group Inc (NYSE:ATKR)

Sawgrass Asset Management LLC increased its stake in Atkore International Group Inc (NYSE:ATKR) by 162.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 81,925 shares of the company’s stock after purchasing an additional 50,695 shares during the quarter. Sawgrass Asset Management LLC’s holdings in Atkore International Group were worth $2,119,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its holdings in shares of Atkore International Group by 11.6% in the 1st quarter. Wells Fargo & Company MN now owns 2,685,237 shares of the company’s stock valued at $57,813,000 after buying an additional 279,596 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Atkore International Group by 3.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,342,518 shares of the company’s stock valued at $26,636,000 after purchasing an additional 41,883 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Atkore International Group by 5.9% during the 4th quarter. Geode Capital Management LLC now owns 713,870 shares of the company’s stock valued at $14,162,000 after purchasing an additional 39,813 shares during the last quarter. Bank of America Corp DE lifted its holdings in Atkore International Group by 111.1% during the 4th quarter. Bank of America Corp DE now owns 408,001 shares of the company’s stock valued at $8,095,000 after purchasing an additional 214,742 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in Atkore International Group by 25.2% during the 4th quarter. American Century Companies Inc. now owns 310,250 shares of the company’s stock valued at $6,155,000 after purchasing an additional 62,417 shares during the last quarter. 97.11% of the stock is owned by institutional investors.

Atkore International Group stock traded down $0.05 during mid-day trading on Friday, hitting $26.54. 11,221 shares of the company’s stock traded hands, compared to its average volume of 274,865. The company has a 50 day moving average of $25.85. Atkore International Group Inc has a fifty-two week low of $17.47 and a fifty-two week high of $28.67. The stock has a market capitalization of $1.27 billion, a PE ratio of 10.74 and a beta of 1.81. The company has a debt-to-equity ratio of 5.58, a quick ratio of 1.66 and a current ratio of 2.53.

Atkore International Group (NYSE:ATKR) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.18. Atkore International Group had a return on equity of 103.17% and a net margin of 6.51%. The business had revenue of $469.30 million during the quarter, compared to the consensus estimate of $478.77 million. During the same quarter last year, the firm posted $0.63 EPS. The company’s quarterly revenue was up 5.5% on a year-over-year basis. Equities research analysts forecast that Atkore International Group Inc will post 2.73 EPS for the current year.

ATKR has been the subject of several research reports. Zacks Investment Research downgraded Atkore International Group from a “buy” rating to a “hold” rating in a report on Monday, July 22nd. TheStreet raised Atkore International Group from a “c” rating to a “b-” rating in a report on Thursday, May 23rd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $27.60.

In other Atkore International Group news, insider Peter J. Lariviere sold 9,640 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $24.66, for a total transaction of $237,722.40. Following the completion of the sale, the insider now owns 122,082 shares of the company’s stock, valued at approximately $3,010,542.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.03% of the company’s stock.

Atkore International Group Company Profile

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

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