Y Intercept Hong Kong Ltd Sells 122,475 Shares of APi Group Co. (NYSE:APG)

Y Intercept Hong Kong Ltd decreased its stake in shares of APi Group Co. (NYSE:APG - Free Report) by 76.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,781 shares of the company's stock after selling 122,475 shares during the period. Y Intercept Hong Kong Ltd's holdings in APi Group were worth $1,215,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Swedbank AB raised its position in APi Group by 21.1% in the second quarter. Swedbank AB now owns 1,860,000 shares of the company's stock worth $69,992,000 after acquiring an additional 324,000 shares during the period. Advantage Alpha Capital Partners LP increased its position in shares of 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 during the period. GSA Capital Partners LLP purchased a new position in APi Group during the third quarter valued at approximately $881,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of APi Group during the 3rd quarter valued at $2,586,000. Finally, Oppenheimer Asset Management Inc. raised its position in shares of APi Group by 60.4% in the third quarter. Oppenheimer Asset Management Inc. now owns 99,647 shares of the company's stock worth $3,290,000 after buying an additional 37,531 shares in the last quarter. 86.62% of the stock is owned by hedge funds and other institutional investors.

APi Group Stock Down 2.7 %

APG traded down $1.06 during trading on Thursday, reaching $38.20. The stock had a trading volume of 1,476,973 shares, compared to its average volume of 1,695,407. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. The stock's 50 day moving average is $35.50 and its two-hundred day moving average is $35.68. The company has a market capitalization of $10.50 billion, a price-to-earnings ratio of -19.93 and a beta of 1.55. APi Group Co. has a one year low of $30.26 and a one year high of $40.89.

APi Group (NYSE:APG - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the business posted $0.48 EPS. The firm's quarterly revenue was up 2.4% compared to the same quarter last year. As a group, analysts expect that APi Group Co. will post 1.83 earnings per share for the current year.

Analysts Set New Price Targets

APG has been the subject of several research analyst reports. Royal Bank of Canada reiterated a "sector perform" rating and set a $45.00 target price on shares of APi Group in a research report on Friday, November 1st. Citigroup boosted their price objective on shares of APi Group from $42.00 to $45.00 and gave the stock a "buy" rating in a report on Monday. Barclays increased their target price on APi Group from $43.00 to $44.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. Robert W. Baird lifted their target price on shares of APi Group from $39.00 to $40.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 26th. Finally, William Blair restated an "outperform" rating on shares of APi Group in a report on Thursday, December 5th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, APi Group currently has an average rating of "Moderate Buy" and a consensus price target of $43.43.

Insiders Place Their Bets

In other news, Director James E. Lillie sold 11,568 shares of the firm's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $36.98, for a total value of $427,784.64. Following the transaction, the director now directly owns 1,134,635 shares in the company, valued at $41,958,802.30. This trade represents a 1.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Ian G. H. Ashken sold 53,868 shares of the stock in a transaction dated 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 completion of the transaction, the director now directly owns 5,478,779 shares in the company, valued at approximately $202,002,581.73. This represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 18.20% of the company's stock.

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.