Aigen Investment Management LP Acquires Shares of 4,128 Atkore Inc. (NYSE:ATKR)

Aigen Investment Management LP purchased a new position in Atkore Inc. (NYSE:ATKR) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,128 shares of the company’s stock, valued at approximately $350,000.

Other hedge funds have also recently made changes to their positions in the company. Quarry LP purchased a new stake in Atkore in the second quarter worth about $57,000. Mather Group LLC. lifted its stake in Atkore by 895.7% in the second quarter. Mather Group LLC. now owns 468 shares of the company’s stock worth $63,000 after acquiring an additional 421 shares during the period. Signaturefd LLC lifted its stake in Atkore by 445.6% in the third quarter. Signaturefd LLC now owns 491 shares of the company’s stock worth $42,000 after acquiring an additional 401 shares during the period. Headlands Technologies LLC lifted its stake in Atkore by 829.9% in the second quarter. Headlands Technologies LLC now owns 902 shares of the company’s stock worth $122,000 after acquiring an additional 805 shares during the period. Finally, Covestor Ltd lifted its stake in Atkore by 63.7% in the third quarter. Covestor Ltd now owns 1,002 shares of the company’s stock worth $85,000 after acquiring an additional 390 shares during the period.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. KeyCorp decreased their price target on shares of Atkore from $125.00 to $105.00 and set an “overweight” rating for the company in a research report on Friday, September 13th. B. Riley decreased their price target on shares of Atkore from $183.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Royal Bank of Canada lowered shares of Atkore from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $175.00 to $100.00 in a research report on Wednesday, August 7th. Finally, Loop Capital decreased their price objective on shares of Atkore from $160.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, September 20th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $131.60.

Insider Buying and Selling

In other Atkore news, insider Mark F. Lamps sold 500 shares of Atkore stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $96.55, for a total value of $48,275.00. Following the completion of the transaction, the insider now directly owns 27,626 shares of the company’s stock, valued at $2,667,290.30. The trade was a 1.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.56% of the company’s stock.

Atkore Trading Down 2.5 %

Shares of ATKR stock opened at $88.98 on Friday. Atkore Inc. has a fifty-two week low of $80.11 and a fifty-two week high of $194.98. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.03 and a current ratio of 3.26. The stock’s fifty day moving average is $87.45 and its two-hundred day moving average is $117.08. The firm has a market capitalization of $3.19 billion, a P/E ratio of 6.25 and a beta of 2.13.

About Atkore

Atkore Inc engages in the manufacture and sale of electrical, mechanical, safety, and infrastructure products and solutions in the United States and internationally. The company offers conduits, cables, and installation accessories. It also designs and manufactures protection and reliability solutions for critical infrastructure, such as metal framing, mechanical pipe, perimeter security, and cable management.