APi Group Co. (NYSE:APG) Sees Significant Decrease in Short Interest

APi Group Co. (NYSE:APG - Get Free Report) saw a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 3,520,000 shares, a drop of 9.0% from the January 15th total of 3,870,000 shares. Based on an average daily volume of 1,250,000 shares, the days-to-cover ratio is currently 2.8 days. Currently, 2.3% of the company's shares are sold short.

Institutional Trading of APi Group

Institutional investors have recently added to or reduced their stakes in the stock. Advantage Alpha Capital Partners LP raised its stake in APi Group by 79.6% during the third quarter. Advantage Alpha Capital Partners LP now owns 269,087 shares of the company's stock valued at $8,885,000 after buying an additional 119,229 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of APi Group during the 3rd quarter valued at approximately $881,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of APi Group during the 3rd quarter valued at approximately $2,586,000. Oppenheimer Asset Management Inc. raised its position in shares of APi Group by 60.4% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 99,647 shares of the company's stock valued at $3,290,000 after acquiring an additional 37,531 shares in the last quarter. Finally, Quantbot Technologies LP boosted its holdings in APi Group by 5,964.3% in the third quarter. Quantbot Technologies LP now owns 159,794 shares of the company's stock worth $5,276,000 after purchasing an additional 157,159 shares during the period. 86.62% of the stock is owned by institutional investors and hedge funds.

APi Group Stock Down 2.5 %

Shares of APG traded down $1.02 during trading on Friday, reaching $39.86. The company's stock had a trading volume of 2,256,550 shares, compared to its average volume of 1,246,052. The company has a fifty day moving average of $37.42 and a two-hundred day moving average of $35.80. APi Group has a twelve month low of $31.44 and a twelve month high of $41.31. The company has a market cap of $10.95 billion, a price-to-earnings ratio of -20.23 and a beta of 1.55. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96.

Wall Street Analyst Weigh In

APG has been the subject of a number of research analyst reports. Truist Financial assumed coverage on APi Group in a report on Wednesday, January 22nd. They set a "buy" rating and a $45.00 price objective for the company. Citigroup dropped their price target on APi Group from $45.00 to $43.00 and set a "buy" rating for the company in a research note on Monday, January 13th. William Blair reaffirmed an "outperform" rating on shares of APi Group in a research note on Thursday, December 5th. Barclays increased their target price on shares of APi Group from $43.00 to $44.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. Finally, Royal Bank of Canada raised shares of APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 price target on the stock in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $42.88.

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.