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

GSA Capital Partners LLP lifted its stake in Atkore Inc. (NYSE:ATKR) by 116.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,288 shares of the company’s stock after buying an additional 15,764 shares during the period. GSA Capital Partners LLP’s holdings in Atkore were worth $2,482,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Hood River Capital Management LLC acquired a new position in shares of Atkore during the first quarter worth $63,900,000. Allspring Global Investments Holdings LLC grew its stake in shares of Atkore by 26.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,234,350 shares of the company’s stock worth $104,599,000 after purchasing an additional 261,234 shares during the last quarter. Swedbank AB bought a new stake in shares of Atkore in the first quarter worth $47,591,000. Marshall Wace LLP boosted its position in Atkore by 1,047.5% during the second quarter. Marshall Wace LLP now owns 224,267 shares of the company’s stock valued at $30,260,000 after acquiring an additional 204,723 shares during the last quarter. Finally, Boston Trust Walden Corp bought a new stake in Atkore during the second quarter valued at $23,306,000.

Analyst Upgrades and Downgrades

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

Atkore Stock Up 0.4 %

Shares of NYSE:ATKR opened at $95.73 on Tuesday. The firm has a fifty day moving average price of $87.04 and a two-hundred day moving average price of $118.66. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.26 and a quick ratio of 2.03. 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 $3.43 billion, a price-to-earnings ratio of 6.72 and a beta of 2.13.

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.