Macquarie Group Ltd. increased its stake in Atkore International Group Inc (NYSE:ATKR) by 1.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,152,072 shares of the company’s stock after acquiring an additional 23,923 shares during the quarter. Macquarie Group Ltd. owned 4.60% of Atkore International Group worth $55,674,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Prudential Financial Inc. increased its stake in shares of Atkore International Group by 4.1% in the 2nd quarter. Prudential Financial Inc. now owns 1,213,734 shares of the company’s stock valued at $31,400,000 after acquiring an additional 47,963 shares in the last quarter. Hussman Strategic Advisors Inc. bought a new stake in Atkore International Group during the 2nd quarter valued at $647,000. DekaBank Deutsche Girozentrale bought a new stake in Atkore International Group during the 2nd quarter valued at $95,000. Argent Capital Management LLC increased its stake in Atkore International Group by 22.5% during the 2nd quarter. Argent Capital Management LLC now owns 166,680 shares of the company’s stock valued at $4,312,000 after purchasing an additional 30,585 shares in the last quarter. Finally, Clark Capital Management Group Inc. increased its stake in Atkore International Group by 5.4% during the 2nd quarter. Clark Capital Management Group Inc. now owns 125,877 shares of the company’s stock valued at $3,256,000 after purchasing an additional 6,430 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.
ATKR stock traded up $0.24 during midday trading on Friday, reaching $30.12. 5,240 shares of the company’s stock traded hands, compared to its average volume of 269,891. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 12.15 and a beta of 1.75. The firm’s fifty day moving average price is $29.53 and its 200-day moving average price is $25.95. The company has a quick ratio of 1.73, a current ratio of 2.57 and a debt-to-equity ratio of 4.37. Atkore International Group Inc has a 52 week low of $17.47 and a 52 week high of $32.08.
Separately, Zacks Investment Research lowered shares of Atkore International Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 10th.
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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