Ghisallo Capital Management LLC Has $13.17 Million Position in APi Group Co. (NYSE:APG)

Ghisallo Capital Management LLC grew its position in APi Group Co. (NYSE:APG - Free Report) by 40.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 350,000 shares of the company's stock after acquiring an additional 100,000 shares during the quarter. APi Group makes up approximately 0.8% of Ghisallo Capital Management LLC's holdings, making the stock its 28th largest position. Ghisallo Capital Management LLC owned 0.13% of APi Group worth $13,170,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. grew its holdings in APi Group by 100.9% in the 1st quarter. Whittier Trust Co. now owns 1,497 shares of the company's stock worth $59,000 after buying an additional 752 shares in the last quarter. J.Safra Asset Management Corp increased its holdings in shares of APi Group by 81.3% during the first quarter. J.Safra Asset Management Corp now owns 1,731 shares of the company's stock valued at $68,000 after purchasing an additional 776 shares during the period. Motco bought a new stake in shares of APi Group during the first quarter valued at about $83,000. Triad Wealth Partners LLC acquired a new stake in APi Group in the second quarter worth about $132,000. Finally, Strategic Financial Concepts LLC grew its position in APi Group by 3,622.0% in the 2nd quarter. Strategic Financial Concepts LLC now owns 392,559 shares of the company's stock valued at $148,000 after buying an additional 382,012 shares in the last quarter. 86.62% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

APG has been the subject of a number of research reports. Barclays decreased their price target on APi Group from $44.00 to $43.00 and set an "overweight" rating for the company in a research note on Monday, August 5th. JPMorgan Chase & Co. lowered their target price on APi Group from $37.00 to $34.00 and set a "neutral" rating on the stock in a report on Friday, August 2nd. Finally, Robert W. Baird cut their price target on shares of APi Group from $43.00 to $42.00 and set an "outperform" rating for the company in a report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, APi Group presently has an average rating of "Moderate Buy" and an average target price of $43.86.

Insider Buying and Selling at APi Group

In other news, SVP Louis Lambert sold 5,679 shares of APi Group stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $36.04, for a total transaction of $204,671.16. Following the sale, the senior vice president now owns 2,421 shares of the company's stock, valued at approximately $87,252.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other APi Group news, Director Ian G. H. Ashken sold 150,000 shares of the business's stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $33.03, for a total value of $4,954,500.00. Following the transaction, the director now directly owns 5,678,779 shares in the company, valued at $187,570,070.37. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Louis Lambert sold 5,679 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $36.04, for a total value of $204,671.16. Following the sale, the senior vice president now owns 2,421 shares in the company, valued at $87,252.84. The disclosure for this sale can be found here. Insiders sold a total of 340,358 shares of company stock valued at $11,653,157 in the last quarter. Corporate insiders own 16.40% of the company's stock.

APi Group Stock Down 0.1 %

Shares of APi Group stock traded down $0.03 during trading on Wednesday, hitting $32.34. 109,611 shares of the stock traded hands, compared to its average volume of 1,740,077. The stock has a market cap of $8.87 billion, a P/E ratio of -15.06 and a beta of 1.56. APi Group Co. has a twelve month low of $24.61 and a twelve month high of $39.98. The company has a fifty day moving average price of $34.52 and a two-hundred day moving average price of $36.56. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.38 and a current ratio of 1.48.

APi Group (NYSE:APG - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.79 billion. APi Group had a return on equity of 36.53% and a net margin of 2.81%. The company's revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 earnings per share. Equities research analysts predict that APi Group Co. will post 1.86 EPS for the current fiscal year.

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.