North Growth Management Ltd. Buys 25,000 Shares of Atkore Inc. (NYSE:ATKR)

North Growth Management Ltd. raised its position in Atkore Inc. (NYSE:ATKR - Free Report) by 64.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,000 shares of the company's stock after buying an additional 25,000 shares during the period. North Growth Management Ltd. owned 0.18% of Atkore worth $5,414,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. GSA Capital Partners LLP raised its stake in shares of Atkore by 116.6% in the third quarter. GSA Capital Partners LLP now owns 29,288 shares of the company's stock worth $2,482,000 after acquiring an additional 15,764 shares during the last quarter. Entropy Technologies LP boosted its position in Atkore by 166.4% in the 3rd quarter. Entropy Technologies LP now owns 10,881 shares of the company's stock valued at $922,000 after buying an additional 6,796 shares during the last quarter. Opinicus Capital Inc. increased its stake in shares of Atkore by 17.0% in the 3rd quarter. Opinicus Capital Inc. now owns 3,907 shares of the company's stock valued at $331,000 after buying an additional 569 shares during the period. Versor Investments LP bought a new stake in shares of Atkore during the third quarter worth $364,000. Finally, Meixler Investment Management Ltd. raised its position in shares of Atkore by 108.3% during the third quarter. Meixler Investment Management Ltd. now owns 4,056 shares of the company's stock worth $344,000 after acquiring an additional 2,109 shares during the last quarter.

Atkore Stock Down 2.0 %

Shares of NYSE:ATKR traded down $1.89 during trading on Tuesday, hitting $93.84. 101,866 shares of the company were exchanged, compared to its average volume of 617,994. The stock has a market cap of $3.37 billion, a price-to-earnings ratio of 6.72 and a beta of 2.13. The company has a current ratio of 3.26, a quick ratio of 2.03 and a debt-to-equity ratio of 0.49. The firm has a fifty day moving average price of $87.09 and a two-hundred day moving average price of $118.06. Atkore Inc. has a fifty-two week low of $80.11 and a fifty-two week high of $194.98.

Analyst Ratings Changes

ATKR has been the subject of several recent research reports. KeyCorp dropped their price objective on 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 objective on shares of Atkore from $160.00 to $130.00 and set a "buy" rating on the stock in a research note on Friday, September 20th. B. Riley lowered their target price on shares of Atkore from $183.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, August 7th. Finally, Royal Bank of Canada downgraded Atkore from an "outperform" rating to a "sector perform" rating and cut their price target for the company from $175.00 to $100.00 in a research note on Wednesday, August 7th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.