1,333,296 Shares in Atkore Inc. $ATKR Bought by First Trust Capital Management L.P.

First Trust Capital Management L.P. purchased a new position in shares of Atkore Inc. (NYSE:ATKR) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,333,296 shares of the company’s stock, valued at approximately $126,330,000. Atkore makes up 6.1% of First Trust Capital Management L.P.’s portfolio, making the stock its 3rd largest position. First Trust Capital Management L.P. owned about 3.95% of Atkore as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in Atkore by 37.7% during the third quarter. GAMMA Investing LLC now owns 435 shares of the company’s stock worth $41,000 after purchasing an additional 119 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of Atkore by 2.8% in the 1st quarter. Cetera Investment Advisers now owns 5,212 shares of the company’s stock valued at $307,000 after purchasing an additional 143 shares during the last quarter. Signaturefd LLC increased its stake in shares of Atkore by 97.6% in the 3rd quarter. Signaturefd LLC now owns 336 shares of the company’s stock valued at $32,000 after purchasing an additional 166 shares during the last quarter. Global Retirement Partners LLC acquired a new position in shares of Atkore during the 2nd quarter worth $28,000. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Atkore during the 2nd quarter worth $31,000.

Atkore Stock Performance

Shares of Atkore stock opened at $94.97 on Friday. Atkore Inc. has a fifty-two week low of $53.75 and a fifty-two week high of $94.97. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.73 and a quick ratio of 2.04. The firm has a market capitalization of $3.21 billion, a P/E ratio of -19.74 and a beta of 1.69. The company’s 50 day moving average price is $94.71 and its two-hundred day moving average price is $79.33.

Analyst Upgrades and Downgrades

ATKR has been the subject of several recent analyst reports. Wall Street Zen upgraded Atkore from a “hold” rating to a “buy” rating in a research report on Sunday, July 26th. Weiss Ratings upgraded Atkore from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 12th. Roth Capital downgraded Atkore from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $85.00 to $92.00 in a research note on Tuesday, August 4th. Finally, Royal Bank Of Canada set a $76.00 target price on Atkore in a research note on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $143.33.

Atkore Company Profile

Atkore Inc. manufactures products used in electrical, safety and infrastructure applications. Its offerings include electrical conduit and raceway systems, cable-management products, fittings, enclosures and related components that help protect and route wiring in commercial, industrial and infrastructure projects. The company also makes products for mechanical and safety applications, including steel pipe, metal framing systems and perimeter security products. Atkore serves customers primarily in North America, including electrical distributors, contractors and industrial businesses.