ADT Inc. (NYSE:ADT) Shares Acquired by Bracebridge Capital LLC

Bracebridge Capital LLC boosted its holdings in shares of ADT Inc. (NYSE:ADT - Free Report) by 30.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,126,000 shares of the security and automation business's stock after acquiring an additional 500,000 shares during the quarter. ADT accounts for 1.0% of Bracebridge Capital LLC's portfolio, making the stock its 8th biggest holding. Bracebridge Capital LLC owned about 0.23% of ADT worth $14,691,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of ADT. Norges Bank purchased a new position in ADT during the 4th quarter valued at about $153,824,000. Vanguard Group Inc. increased its position in ADT by 20.6% during the 4th quarter. Vanguard Group Inc. now owns 44,555,115 shares of the security and automation business's stock valued at $307,876,000 after purchasing an additional 7,610,709 shares during the period. Dimensional Fund Advisors LP increased its position in ADT by 31.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 21,453,811 shares of the security and automation business's stock valued at $148,246,000 after purchasing an additional 5,089,056 shares during the period. Pacer Advisors Inc. grew its position in shares of ADT by 11.7% in the 4th quarter. Pacer Advisors Inc. now owns 34,574,011 shares of the security and automation business's stock worth $238,906,000 after buying an additional 3,632,502 shares during the last quarter. Finally, Burkehill Global Management LP purchased a new position in shares of ADT in the 4th quarter worth approximately $13,820,000. Hedge funds and other institutional investors own 87.22% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Barclays raised shares of ADT from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $7.00 to $9.00 in a research report on Friday, April 4th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $9.00 price objective on shares of ADT in a research report on Monday, April 21st.

ADT Stock Performance

NYSE:ADT traded up $0.08 during trading hours on Friday, hitting $7.83. 21,215,787 shares of the company were exchanged, compared to its average volume of 7,957,810. The stock has a market capitalization of $6.86 billion, a price-to-earnings ratio of 8.51 and a beta of 1.42. ADT Inc. has a 52-week low of $6.42 and a 52-week high of $8.39. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.81 and a quick ratio of 0.64. The company's 50 day moving average price is $7.80 and its 200-day moving average price is $7.49.

ADT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Thursday, June 12th will be given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Thursday, June 12th. ADT's dividend payout ratio is presently 37.93%.

ADT Company Profile

ADT Inc provides security, interactive, and smart home solutions to residential and small business customers in the United States. It operates through two segments, Consumer and Small Business, and Solar. The company provides burglar and life safety alarms, smart security cameras, smart home automation systems, and video surveillance systems.