Ghisallo Capital Management LLC Decreases Stock Holdings in APi Group Co. (NYSE:APG)

Ghisallo Capital Management LLC cut its holdings in shares of APi Group Co. (NYSE:APG - Free Report) by 60.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,000 shares of the company's stock after selling 150,000 shares during the period. Ghisallo Capital Management LLC's holdings in APi Group were worth $3,597,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Capital Research Global Investors grew its position in shares of APi Group by 118.2% during the fourth quarter. Capital Research Global Investors now owns 10,947,284 shares of the company's stock worth $393,774,000 after buying an additional 5,931,314 shares in the last quarter. Artisan Partners Limited Partnership acquired a new position in shares of APi Group during the fourth quarter worth about $125,407,000. Norges Bank acquired a new position in shares of APi Group during the fourth quarter worth about $98,028,000. Price T Rowe Associates Inc. MD grew its position in shares of APi Group by 20.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,627,444 shares of the company's stock worth $562,120,000 after buying an additional 2,602,758 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its position in shares of APi Group by 100.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,860,463 shares of the company's stock worth $138,861,000 after buying an additional 1,936,924 shares in the last quarter. 86.62% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on APG shares. UBS Group lowered their price objective on APi Group from $45.00 to $44.00 and set a "buy" rating for the company in a research report on Tuesday, February 18th. Truist Financial reiterated a "buy" rating and issued a $48.00 price target (up from $45.00) on shares of APi Group in a research note on Thursday, February 27th. Robert W. Baird lifted their price target on shares of APi Group from $40.00 to $46.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Citigroup cut their price target on shares of APi Group from $46.00 to $42.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Barclays dropped their price objective on shares of APi Group from $44.00 to $43.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $43.14.

Insider Transactions at APi Group

In other news, Director James E. Lillie sold 50,000 shares of the business's 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 transaction, the director now directly 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 17.00% of the company's stock.

APi Group Stock Performance

NYSE APG traded up $0.08 during trading on Tuesday, reaching $37.44. The company's stock had a trading volume of 1,962,736 shares, compared to its average volume of 1,660,911. APi Group Co. has a twelve month low of $30.76 and a twelve month high of $41.31. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. The business's fifty day moving average price is $36.39 and its 200-day moving average price is $36.61. The firm has a market cap of $10.34 billion, a price-to-earnings ratio of -19.00 and a beta of 1.55.

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.