Long Focus Capital Management LLC Boosts Stake in APi Group Co. (NYSE:APG)

Long Focus Capital Management LLC increased its position in APi Group Co. (NYSE:APG - Free Report) by 326.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 127,893 shares of the company's stock after purchasing an additional 97,893 shares during the quarter. Long Focus Capital Management LLC's holdings in APi Group were worth $4,600,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in APG. Capital Research Global Investors increased its stake 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 valued at $393,774,000 after purchasing an additional 5,931,314 shares in the last quarter. Artisan Partners Limited Partnership purchased a new stake in shares of APi Group in the 4th quarter worth approximately $125,407,000. Norges Bank purchased a new stake in shares of APi Group in the 4th quarter worth approximately $98,028,000. Price T Rowe Associates Inc. MD increased its position in APi Group by 20.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,627,444 shares of the company's stock valued at $562,120,000 after buying an additional 2,602,758 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its stake in APi Group by 1,106.9% during the fourth quarter. Handelsbanken Fonder AB now owns 643,300 shares of the company's stock valued at $23,140,000 after buying an additional 590,000 shares during the last quarter. 86.62% of the stock is currently owned by institutional investors.

APi Group Stock Performance

Shares of APG stock opened at $34.74 on Wednesday. The business has a fifty day moving average of $36.48 and a 200 day moving average of $36.45. APi Group Co. has a 1 year low of $30.76 and a 1 year high of $41.31. 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 firm has a market capitalization of $9.60 billion, a price-to-earnings ratio of -17.63 and a beta of 1.55.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on APG shares. UBS Group reduced their price objective on shares of APi Group from $45.00 to $44.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Robert W. Baird boosted their price objective on shares of APi Group from $40.00 to $46.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Citigroup lowered their price objective on APi Group from $46.00 to $42.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Barclays reduced their target price on APi Group from $44.00 to $43.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Finally, Royal Bank of Canada raised 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. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $43.14.

Insider Buying and Selling at APi Group

In other news, Director James E. Lillie sold 50,000 shares of APi Group stock in a transaction that occurred on 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. The trade was a 4.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 17.00% of the stock is owned by corporate 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.

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