Bryce Point Capital LLC Invests $1.71 Million in APi Group Co. (NYSE:APG)

Bryce Point Capital LLC purchased a new stake in APi Group Co. (NYSE:APG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 47,657 shares of the company's stock, valued at approximately $1,714,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Trexquant Investment LP increased its stake in shares of APi Group by 109.2% in the 4th quarter. Trexquant Investment LP now owns 347,147 shares of the company's stock worth $12,487,000 after acquiring an additional 181,234 shares during the last quarter. HighPoint Advisor Group LLC increased its position in APi Group by 12.6% during the fourth quarter. HighPoint Advisor Group LLC now owns 12,830 shares of the company's stock worth $492,000 after purchasing an additional 1,432 shares during the last quarter. Pictet Asset Management Holding SA raised its stake in APi Group by 13.4% during the fourth quarter. Pictet Asset Management Holding SA now owns 33,945 shares of the company's stock worth $1,221,000 after purchasing an additional 4,024 shares during the period. Norges Bank acquired a new position in APi Group in the 4th quarter valued at about $98,028,000. Finally, Blair William & Co. IL purchased a new stake in shares of APi Group in the 4th quarter valued at approximately $706,000. Hedge funds and other institutional investors own 86.62% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on APG. Truist Financial reiterated a "buy" rating and issued a $48.00 price objective (up from $45.00) on shares of APi Group in a report on Thursday, February 27th. Robert W. Baird upped their price target on APi Group from $40.00 to $46.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Barclays cut their price objective on APi Group from $44.00 to $43.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Royal Bank of Canada raised shares of APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 target price for the company in a research note on Tuesday, January 14th. Finally, UBS Group reduced their price target on shares of APi Group from $45.00 to $44.00 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $43.29.

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Insider Buying and Selling

In other APi Group news, Director James E. Lillie sold 50,000 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $37.97, for a total value of $1,898,500.00. Following the completion of the transaction, the director now owns 1,046,203 shares in the company, valued at $39,724,327.91. The trade was a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 18.20% of the stock is owned by insiders.

APi Group Trading Down 2.6 %

NYSE:APG traded down $0.84 on Monday, reaching $31.54. 910,271 shares of the company's stock were exchanged, compared to its average volume of 1,517,922. The firm has a market capitalization of $8.75 billion, a price-to-earnings ratio of -16.01 and a beta of 1.55. APi Group Co. has a 52-week low of $30.76 and a 52-week high of $41.31. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. The business has a fifty day moving average of $37.48 and a 200-day moving average of $36.41.

About APi Group

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.