GSA Capital Partners LLP Acquires 15,764 Shares of Atkore Inc. (NYSE:ATKR)

GSA Capital Partners LLP raised its position in shares of Atkore Inc. (NYSE:ATKR - Free Report) by 116.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 29,288 shares of the company's stock after purchasing an additional 15,764 shares during the quarter. GSA Capital Partners LLP owned approximately 0.08% of Atkore worth $2,482,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ATKR. Hood River Capital Management LLC acquired a new stake in Atkore during the 1st quarter valued at approximately $63,900,000. Allspring Global Investments Holdings LLC increased its position in Atkore by 26.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,234,350 shares of the company's stock valued at $104,599,000 after purchasing an additional 261,234 shares during the period. Swedbank AB acquired a new stake in Atkore during the 1st quarter valued at approximately $47,591,000. Marshall Wace LLP grew its position in shares of Atkore by 1,047.5% during the 2nd quarter. Marshall Wace LLP now owns 224,267 shares of the company's stock worth $30,260,000 after buying an additional 204,723 shares during the period. Finally, Boston Trust Walden Corp acquired a new stake in shares of Atkore during the 2nd quarter worth approximately $23,306,000.

Atkore Stock Down 1.2 %

NYSE:ATKR traded down $1.17 during trading hours on Tuesday, hitting $94.56. 439,340 shares of the company traded hands, compared to its average volume of 619,419. The company has a quick ratio of 2.03, a current ratio of 3.26 and a debt-to-equity ratio of 0.49. 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 one year low of $80.11 and a one year high of $194.98. The company has a market cap of $3.39 billion, a PE ratio of 6.72 and a beta of 2.13.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ATKR shares. Royal Bank of Canada downgraded shares of Atkore from an "outperform" rating to a "sector perform" rating and reduced their price objective for the stock from $175.00 to $100.00 in a research report on Wednesday, August 7th. KeyCorp reduced their price objective 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. Loop Capital reduced their price target 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. Finally, B. Riley reduced 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. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Atkore currently has a consensus rating of "Moderate Buy" and a consensus target price of $131.60.

Atkore Company 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.