Chase Investment Counsel Corp Buys 6,400 Shares of Atkore Inc. (NYSE:ATKR)

Chase Investment Counsel Corp lifted its stake in shares of Atkore Inc. (NYSE:ATKR - Free Report) by 97.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,000 shares of the company's stock after purchasing an additional 6,400 shares during the period. Chase Investment Counsel Corp's holdings in Atkore were worth $1,101,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Arizona State Retirement System raised its position in shares of Atkore by 0.8% during the 2nd quarter. Arizona State Retirement System now owns 10,294 shares of the company's stock worth $1,389,000 after buying an additional 85 shares in the last quarter. SummerHaven Investment Management LLC grew its stake in shares of Atkore by 2.0% in the 2nd quarter. SummerHaven Investment Management LLC now owns 4,944 shares of the company's stock worth $667,000 after purchasing an additional 99 shares during the last quarter. Meixler Investment Management Ltd. boosted its holdings in Atkore by 6.5% during the second quarter. Meixler Investment Management Ltd. now owns 1,947 shares of the company's stock worth $263,000 after buying an additional 119 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Atkore by 3.2% during the second quarter. Commonwealth Equity Services LLC now owns 4,115 shares of the company's stock valued at $555,000 after purchasing an additional 129 shares during the last quarter. Finally, Riverwater Partners LLC increased its position in shares of Atkore by 1.1% in the second quarter. Riverwater Partners LLC now owns 14,310 shares of the company's stock worth $1,931,000 after acquiring an additional 159 shares in the last quarter.

Atkore Stock Performance

NYSE:ATKR traded down $1.49 during mid-day trading on Wednesday, hitting $93.07. 265,805 shares of the stock were exchanged, compared to its average volume of 617,928. 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 firm's 50-day simple moving average is $87.09 and its 200 day simple moving average is $118.06. Atkore Inc. has a fifty-two week low of $80.11 and a fifty-two week high of $194.98. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 6.68 and a beta of 2.13.

Analyst Upgrades and Downgrades

ATKR has been the subject of several research reports. 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 report on Friday, September 13th. Loop Capital reduced their price target on Atkore from $160.00 to $130.00 and set a "buy" rating for the company in a report on Friday, September 20th. Royal Bank of Canada cut Atkore from an "outperform" rating to a "sector perform" rating and reduced their price target for the stock from $175.00 to $100.00 in a research report on Wednesday, August 7th. Finally, 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. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Atkore presently has an average rating of "Moderate Buy" and a consensus target price of $131.60.

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.