Atkore International Group Inc (NASDAQ:ATKR) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Friday.

A number of other research firms also recently weighed in on ATKR. Citigroup Inc. restated a “buy” rating and set a $22.00 price target (down previously from $28.00) on shares of Atkore International Group in a research report on Thursday, August 10th. Zacks Investment Research downgraded Atkore International Group from a “hold” rating to a “strong sell” rating in a research report on Friday, August 11th. Credit Suisse Group upgraded Atkore International Group from a “neutral” rating to an “outperform” rating and set a $22.00 price target on the stock in a research report on Wednesday, August 9th. Royal Bank Of Canada restated a “buy” rating and set a $20.00 price target on shares of Atkore International Group in a research report on Wednesday, August 9th. Finally, TheStreet downgraded Atkore International Group from a “c-” rating to a “d+” rating in a research report on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $23.75.

Shares of Atkore International Group (ATKR) traded up 0.17% during midday trading on Friday, reaching $17.60. The company had a trading volume of 141,119 shares. Atkore International Group has a one year low of $15.05 and a one year high of $27.30. The company has a market capitalization of $1.13 billion and a PE ratio of 14.52. The company has a 50 day moving average of $18.27 and a 200 day moving average of $22.62.

Atkore International Group (NASDAQ:ATKR) last released its quarterly earnings results on Tuesday, August 8th. The company reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.02. Atkore International Group had a return on equity of 33.89% and a net margin of 6.91%. The business had revenue of $397.70 million for the quarter, compared to the consensus estimate of $424.49 million. The business’s revenue was up .5% compared to the same quarter last year. Analysts predict that Atkore International Group will post $1.43 EPS for the current fiscal year.

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In other news, insider John Patrick Williamson sold 70,000 shares of the firm’s stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $21.78, for a total transaction of $1,524,600.00. Following the transaction, the insider now directly owns 201,625 shares of the company’s stock, valued at $4,391,392.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Several large investors have recently made changes to their positions in the company. TFS Capital LLC grew its stake in shares of Atkore International Group by 4.2% during the first quarter. TFS Capital LLC now owns 12,117 shares of the company’s stock valued at $318,000 after buying an additional 493 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Atkore International Group by 17.7% during the second quarter. Victory Capital Management Inc. now owns 5,898 shares of the company’s stock valued at $133,000 after buying an additional 885 shares during the last quarter. Rosenblum Silverman Sutton S F Inc. CA grew its stake in shares of Atkore International Group by 1.2% during the second quarter. Rosenblum Silverman Sutton S F Inc. CA now owns 77,485 shares of the company’s stock valued at $1,747,000 after buying an additional 925 shares during the last quarter. Parametric Portfolio Associates LLC grew its stake in shares of Atkore International Group by 5.5% during the first quarter. Parametric Portfolio Associates LLC now owns 20,114 shares of the company’s stock valued at $529,000 after buying an additional 1,049 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. grew its stake in shares of Atkore International Group by 34.1% during 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 during the last quarter.

About Atkore International Group

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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