11,690 Shares in APi Group Co. (NYSE:APG) Bought by Boothbay Fund Management LLC

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.

APi Group (NYSE:APG – Get Rating) last announced its earnings results on Tuesday, February 28th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.02. APi Group had a return on equity of 16.94% and a net margin of 0.95%. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period last year, the firm earned $0.29 earnings per share. The company’s revenue was up 54.8% on a year-over-year basis. As a group, equities analysts forecast that APi Group Co. will post 1.49 EPS for the current fiscal year.

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

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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.