Boothbay Fund Management LLC bought a new position in APi Group Co. (NYSE:APG – Get Rating) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 11,690 shares of the company’s stock, valued at approximately $155,000.
Several other large investors have also made changes to their positions in APG. JPMorgan Chase & Co. raised its position in shares of APi Group by 4.3% in the 1st quarter. JPMorgan Chase & Co. now owns 207,347 shares of the company’s stock worth $4,360,000 after buying an additional 8,460 shares during the period. US Bancorp DE raised its position in shares of APi Group by 8.0% in the 1st quarter. US Bancorp DE now owns 12,978 shares of the company’s stock worth $273,000 after buying an additional 965 shares during the period. PNC Financial Services Group Inc. raised its position in shares of APi Group by 1,075.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,914 shares of the company’s stock worth $61,000 after buying an additional 2,666 shares during the period. AlphaCrest Capital Management LLC raised its position in shares of APi Group by 24.1% in the 1st quarter. AlphaCrest Capital Management LLC now owns 16,374 shares of the company’s stock worth $344,000 after buying an additional 3,180 shares during the period. Finally, MetLife Investment Management LLC increased its holdings in APi Group by 57.0% in the 1st quarter. MetLife Investment Management LLC now owns 107,748 shares of the company’s stock valued at $2,266,000 after purchasing an additional 39,118 shares in the last quarter. 72.84% of the stock is owned by hedge funds and other institutional investors.
APi Group Stock Down 1.7 %
Shares of APi Group stock opened at $23.71 on Tuesday. The business has a 50-day moving average of $21.18 and a 200-day moving average of $18.22. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.38 and a quick ratio of 1.30. The company has a market capitalization of $5.56 billion, a PE ratio of 296.41, a P/E/G ratio of 0.95 and a beta of 1.57. APi Group Co. has a 1-year low of $13.09 and a 1-year high of $24.49.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the company. UBS Group increased their price target on APi Group to $24.00 in a report on Monday, November 21st. TheStreet upgraded APi Group from a “c+” rating to a “b” rating in a report on Friday, November 25th. Royal Bank of Canada increased their price target on APi Group from $22.00 to $25.00 and gave the company a “sector perform” rating in a report on Wednesday, March 1st. Citigroup increased their price target on APi Group from $26.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, March 1st. Finally, Barclays increased their price target on APi Group from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Wednesday, March 1st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, APi Group has an average rating of “Moderate Buy” and an average target price of $23.67.
About APi Group
APi Group Corporation provides safety, specialty, and industrial services in North America, Europe, Australia, and the Asian-Pacific. It operates through three segments: Safety Services, Specialty Services, and Industrial Services. The Safety Services segment offers safety solutions focusing on end-to-end integrated occupancy systems, such as fire protection solutions; heating, ventilation, and air conditioning solutions; and entry systems, which include the design, installation, inspection, monitoring, and service of these integrated systems.
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