XR Securities LLC bought a new stake in shares of Atkore Inc. (NYSE:ATKR – Get Rating) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 2,772 shares of the company's stock, valued at approximately $230,000.
Other hedge funds have also recently made changes to their positions in the company. Huntington National Bank raised its position in Atkore by 684.2% in the 1st quarter. Huntington National Bank now owns 298 shares of the company's stock worth $29,000 after purchasing an additional 260 shares during the period. Northern Oak Wealth Management Inc. purchased a new stake in Atkore in the 4th quarter worth about $33,000. Ellevest Inc. raised its position in Atkore by 54.7% in the 1st quarter. Ellevest Inc. now owns 376 shares of the company's stock worth $37,000 after purchasing an additional 133 shares during the period. Private Capital Group LLC raised its position in Atkore by 706.3% in the 1st quarter. Private Capital Group LLC now owns 508 shares of the company's stock worth $50,000 after purchasing an additional 445 shares during the period. Finally, Prospera Financial Services Inc purchased a new stake in Atkore in the 1st quarter worth about $63,000. 97.39% of the stock is currently owned by hedge funds and other institutional investors.
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Analysts Set New Price Targets
A number of analysts recently weighed in on ATKR shares. Royal Bank of Canada reduced their price objective on shares of Atkore from $151.00 to $125.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 3rd. Credit Suisse Group raised their target price on shares of Atkore from $130.00 to $143.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 3rd. Finally, StockNews.com lowered shares of Atkore from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, July 27th.
Atkore Trading Down 1.2 %
Shares of NYSE:ATKR traded down $0.94 during trading on Thursday, reaching $75.39. 6,710 shares of the company were exchanged, compared to its average volume of 383,222. The firm has a market capitalization of $3.12 billion, a PE ratio of 3.90 and a beta of 2.28. The business's fifty day simple moving average is $87.94 and its 200-day simple moving average is $95.05. Atkore Inc. has a 12-month low of $75.45 and a 12-month high of $123.53. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.77 and a quick ratio of 1.91.
Atkore (NYSE:ATKR – Get Rating) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $5.74 earnings per share (EPS) for the quarter. Atkore had a net margin of 23.50% and a return on equity of 90.18%. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the firm earned $3.96 earnings per share. The company's quarterly revenue was up 24.4% on a year-over-year basis.
Atkore Profile
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Atkore Inc manufactures and sells electrical, safety, and infrastructure products in the United States and internationally. The company offers electrical products, including conduits cables, and installation accessories. It also provides safety and infrastructure solutions, such as metal framing, mechanical pipe, perimeter security, and cable management.
Further Reading
- Get a free copy of the StockNews.com research report on Atkore (ATKR)
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