Atkore Inc. (NYSE:ATKR) Shares Purchased by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. boosted its holdings in shares of Atkore Inc. (NYSE:ATKR) by 3.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,090 shares of the company’s stock after purchasing an additional 189 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Atkore were worth $431,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ATKR. Russell Investments Group Ltd. boosted its position in Atkore by 7.1% during the first quarter. Russell Investments Group Ltd. now owns 59,608 shares of the company’s stock worth $11,347,000 after purchasing an additional 3,967 shares in the last quarter. ProShare Advisors LLC boosted its position in Atkore by 6.7% during the first quarter. ProShare Advisors LLC now owns 6,695 shares of the company’s stock worth $1,274,000 after purchasing an additional 418 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in Atkore by 4.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 11,808 shares of the company’s stock worth $2,248,000 after purchasing an additional 500 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in Atkore by 8.7% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 14,173 shares of the company’s stock worth $2,744,000 after purchasing an additional 1,137 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its position in Atkore by 48.4% during the first quarter. Clearbridge Investments LLC now owns 514,908 shares of the company’s stock worth $98,018,000 after purchasing an additional 168,042 shares in the last quarter.

Insider Buying and Selling

In related news, insider Mark F. Lamps sold 500 shares of Atkore stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $96.55, for a total transaction of $48,275.00. Following the transaction, the insider now owns 27,626 shares in the company, valued at approximately $2,667,290.30. This trade represents a 1.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.56% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

Atkore Stock Performance

NYSE ATKR opened at $88.97 on Friday. Atkore Inc. has a 1-year low of $80.11 and a 1-year high of $194.98. The company has a market cap of $3.19 billion, a PE ratio of 6.25 and a beta of 2.13. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.26 and a quick ratio of 2.03. The stock’s 50 day simple moving average is $87.56 and its 200-day simple moving average is $116.43.

Atkore Profile

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.