Choreo LLC Has $2.71 Million Position in APi Group Co. (NYSE:APG)

Choreo LLC lessened its position in APi Group Co. (NYSE:APG - Free Report) by 24.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 75,437 shares of the company's stock after selling 24,716 shares during the quarter. Choreo LLC's holdings in APi Group were worth $2,714,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. First Horizon Advisors Inc. purchased a new stake in APi Group in the 3rd quarter worth approximately $26,000. Blue Trust Inc. lifted its position in APi Group by 92.3% in the 4th quarter. Blue Trust Inc. now owns 804 shares of the company's stock worth $27,000 after buying an additional 386 shares in the last quarter. Avior Wealth Management LLC purchased a new stake in APi Group in the 3rd quarter worth approximately $33,000. ORG Wealth Partners LLC purchased a new stake in APi Group in the 4th quarter worth approximately $34,000. Finally, R Squared Ltd purchased a new stake in APi Group in the 4th quarter worth approximately $85,000. Hedge funds and other institutional investors own 86.62% of the company's stock.

APi Group Stock Performance

NYSE:APG traded up $0.50 during midday trading on Monday, reaching $39.02. The stock had a trading volume of 518,094 shares, compared to its average volume of 1,103,959. APi Group Co. has a 1-year low of $31.44 and a 1-year high of $40.89. The firm's fifty day simple moving average is $37.40 and its 200-day simple moving average is $35.62. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. The stock has a market capitalization of $10.72 billion, a P/E ratio of -19.81 and a beta of 1.55.

Insiders Place Their Bets

In other APi Group news, Director Ian G. H. Ashken sold 53,868 shares of the firm's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $36.87, for a total value of $1,986,113.16. Following the sale, the director now directly owns 5,478,779 shares in the company, valued at $202,002,581.73. This trade represents a 0.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 18.20% of the company's stock.

Analyst Upgrades and Downgrades

APG has been the subject of a number of research analyst reports. 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. Truist Financial began coverage on shares of APi Group in a report on Wednesday, January 22nd. They set a "buy" rating and a $45.00 price target on the stock. Royal Bank of Canada upgraded 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 report on Tuesday, January 14th. William Blair restated an "outperform" rating on shares of APi Group in a report on Thursday, December 5th. Finally, Robert W. Baird raised their price target on shares of APi Group from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Tuesday, November 26th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $43.38.

APi Group Company Profile

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.