APi Group Co. (NYSE:APG) Holdings Boosted by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP boosted its stake in shares of APi Group Co. (NYSE:APG) by 79.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 269,087 shares of the company’s stock after buying an additional 119,229 shares during the period. APi Group accounts for about 2.0% of Advantage Alpha Capital Partners LP’s investment portfolio, making the stock its 2nd biggest holding. Advantage Alpha Capital Partners LP’s holdings in APi Group were worth $8,885,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. First Horizon Advisors Inc. acquired a new position in shares of APi Group during the third quarter worth $26,000. Avior Wealth Management LLC acquired a new stake in shares of APi Group in the 3rd quarter worth $33,000. J.Safra Asset Management Corp grew its stake in APi Group by 21.5% during the 2nd quarter. J.Safra Asset Management Corp now owns 2,104 shares of the company’s stock worth $79,000 after buying an additional 373 shares during the last quarter. Triad Wealth Partners LLC acquired a new position in APi Group during the 2nd quarter valued at about $132,000. Finally, Strategic Financial Concepts LLC raised its stake in APi Group by 3,622.0% in the second quarter. Strategic Financial Concepts LLC now owns 392,559 shares of the company’s stock valued at $148,000 after buying an additional 382,012 shares during the last quarter. Institutional investors own 86.62% of the company’s stock.

Insider Activity

In other APi Group news, Director James E. Lillie sold 11,568 shares of APi Group stock in a transaction on Monday, November 11th. The shares were sold at an average price of $36.98, for a total transaction of $427,784.64. Following the sale, the director now owns 1,134,635 shares of the company’s stock, valued at $41,958,802.30. The trade was a 1.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ian G. H. Ashken sold 53,868 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the transaction, the director now owns 5,478,779 shares in the company, valued at $202,002,581.73. The trade was a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 18.20% of the company’s stock.

APi Group Price Performance

Shares of NYSE:APG opened at $38.25 on Tuesday. APi Group Co. has a twelve month low of $29.75 and a twelve month high of $39.98. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. The company has a market cap of $10.51 billion, a PE ratio of -19.42 and a beta of 1.54. The company’s 50 day moving average is $34.46 and its 200 day moving average is $35.52.

APi Group (NYSE:APG) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.87 billion. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.48 earnings per share. On average, sell-side analysts forecast that APi Group Co. will post 1.86 EPS for the current year.

Wall Street Analysts Forecast Growth

APG has been the topic of a number of research analyst reports. Robert W. Baird dropped their price target on APi Group from $43.00 to $42.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $45.00 target price on shares of APi Group in a research note on Friday, November 1st. JPMorgan Chase & Co. cut their price target on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Finally, Barclays lifted their price objective on shares of APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $44.00.

APi Group Profile

APi Group Corporation provides safety and specialty services worldwide. It operates through Safety Services and Specialty Services segments. The Safety Services segment offers solutions focusing on end-to-end integrated occupancy systems, such as fire protection services; heating, ventilation, and air conditioning solutions; and entry systems, which include the design, installation, inspection, and service of these integrated systems.