Bracebridge Capital LLC Boosts Position in ADT Inc. (NYSE:ADT)

Bracebridge Capital LLC grew its stake in ADT Inc. (NYSE:ADT - Free Report) by 30.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,126,000 shares of the security and automation business's stock after purchasing an additional 500,000 shares during the period. ADT makes up approximately 1.0% of Bracebridge Capital LLC's portfolio, making the stock its 8th biggest holding. Bracebridge Capital LLC owned about 0.23% of ADT worth $14,691,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ADT. Headlands Technologies LLC purchased a new stake in ADT in the 4th quarter worth approximately $62,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of ADT in the 4th quarter worth approximately $73,000. Magnetar Financial LLC acquired a new position in ADT during the 4th quarter worth $73,000. Federated Hermes Inc. boosted its stake in ADT by 15.8% during the fourth quarter. Federated Hermes Inc. now owns 10,600 shares of the security and automation business's stock valued at $73,000 after buying an additional 1,449 shares in the last quarter. Finally, Chicago Partners Investment Group LLC acquired a new position in shares of ADT in the fourth quarter worth about $74,000. Hedge funds and other institutional investors own 87.22% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Royal Bank of Canada reiterated a "sector perform" rating and set a $9.00 price target on shares of ADT in a research note on Monday. Barclays raised ADT from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $7.00 to $9.00 in a report on Friday, April 4th.

ADT Trading Down 2.1 %

NYSE:ADT traded down $0.17 during mid-day trading on Thursday, hitting $7.75. The company had a trading volume of 22,042,635 shares, compared to its average volume of 7,886,542. ADT Inc. has a fifty-two week low of $6.25 and a fifty-two week high of $8.39. The firm has a market cap of $6.79 billion, a P/E ratio of 8.42 and a beta of 1.42. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.64 and a current ratio of 0.81. The business's fifty day moving average is $7.80 and its two-hundred day moving average is $7.48.

ADT (NYSE:ADT - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The security and automation business reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). ADT had a net margin of 18.18% and a return on equity of 17.77%. As a group, research analysts expect that ADT Inc. will post 0.7 earnings per share for the current year.

ADT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th were issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 2.84%. The ex-dividend date was Thursday, March 13th. ADT's dividend payout ratio is 41.51%.

ADT Company Profile

ADT Inc provides security, interactive, and smart home solutions to residential and small business customers in the United States. It operates through two segments, Consumer and Small Business, and Solar. The company provides burglar and life safety alarms, smart security cameras, smart home automation systems, and video surveillance systems.