Advantage Alpha Capital Partners LP Has $7.58 Million Holdings in APi Group Co. (NYSE:APG)

Advantage Alpha Capital Partners LP cut its position in APi Group Co. (NYSE:APG - Free Report) by 21.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 210,586 shares of the company's stock after selling 58,501 shares during the quarter. APi Group makes up about 1.8% of Advantage Alpha Capital Partners LP's holdings, making the stock its 5th biggest position. Advantage Alpha Capital Partners LP owned about 0.08% of APi Group worth $7,575,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of APG. First Horizon Advisors Inc. acquired a new stake in shares of APi Group in the third quarter valued at about $26,000. Blue Trust Inc. boosted its stake in APi Group by 92.3% during the 4th quarter. Blue Trust Inc. now owns 804 shares of the company's stock valued at $27,000 after purchasing an additional 386 shares during the period. ORG Wealth Partners LLC acquired a new stake in APi Group in the 4th quarter valued at approximately $34,000. Avior Wealth Management LLC bought a new position in APi Group in the 3rd quarter worth approximately $33,000. Finally, R Squared Ltd acquired a new position in shares of APi Group during the fourth quarter worth approximately $85,000. Institutional investors own 86.62% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on APG. Royal Bank of Canada upgraded shares of APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 price objective on the stock in a research note on Tuesday, January 14th. William Blair restated an "outperform" rating on shares of APi Group in a research report on Thursday, December 5th. Citigroup cut their price objective on shares of APi Group from $45.00 to $43.00 and set a "buy" rating for the company in a research report on Monday, January 13th. UBS Group decreased their target price on APi Group from $45.00 to $44.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. Finally, Barclays cut their price target on APi Group from $44.00 to $43.00 and set an "overweight" rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, APi Group has an average rating of "Moderate Buy" and an average target price of $43.29.

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APi Group Price Performance

NYSE:APG traded down $0.72 during mid-day trading on Friday, hitting $35.99. The company's stock had a trading volume of 1,159,496 shares, compared to its average volume of 1,675,946. APi Group Co. has a fifty-two week low of $31.44 and a fifty-two week high of $41.31. 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 stock has a fifty day moving average of $37.81 and a 200-day moving average of $36.35. The company has a market capitalization of $9.99 billion, a price-to-earnings ratio of -18.27 and a beta of 1.54.

Insider Activity at APi Group

In related news, Director James E. Lillie sold 50,000 shares of APi Group stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $37.97, for a total transaction of $1,898,500.00. Following the completion of the transaction, the director now directly owns 1,046,203 shares of the company's stock, valued at $39,724,327.91. This trade represents a 4.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 18.20% of the stock is owned by insiders.

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.