APi Group Corporation $APG Stake Lowered by Advantage Alpha Capital Partners LP

Key Points

• Advantage Alpha Capital Partners LP reduced its stake in APi Group Corporation by 37.2%, selling 78,299 shares, resulting in a total holding of 132,287 shares valued at $4.73 million.
• Other institutional investors showed increased interest, with GAMMA Investing LLC and Versant Capital Management Inc. boosting their stakes by 105.5% and 339.0%, respectively, during the same quarter.
• Insider transactions also occurred, with Director James E. Lillie selling 190,000 shares for approximately $6.63 million, reflecting a 2.49% decrease in his position.

Advantage Alpha Capital Partners LP cut its holdings in shares of APi Group Corporation (NYSE:APG - Free Report) by 37.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 132,287 shares of the company's stock after selling 78,299 shares during the period. Advantage Alpha Capital Partners LP's holdings in APi Group were worth $4,731,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Signaturefd LLC lifted its position in APi Group by 6.7% in the first quarter. Signaturefd LLC now owns 4,067 shares of the company's stock worth $145,000 after purchasing an additional 256 shares during the period. Amalgamated Bank increased its position in shares of APi Group by 2.3% during the 1st quarter. Amalgamated Bank now owns 12,253 shares of the company's stock valued at $438,000 after purchasing an additional 279 shares during the period. PNC Financial Services Group Inc. increased its position in shares of APi Group by 5.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,420 shares of the company's stock valued at $194,000 after purchasing an additional 303 shares during the period. Cresset Asset Management LLC increased its position in shares of APi Group by 3.6% during the 1st quarter. Cresset Asset Management LLC now owns 10,693 shares of the company's stock valued at $382,000 after purchasing an additional 374 shares during the period. Finally, First Horizon Advisors Inc. increased its position in shares of APi Group by 40.5% during the 1st quarter. First Horizon Advisors Inc. now owns 1,672 shares of the company's stock valued at $60,000 after purchasing an additional 482 shares during the period. 86.62% of the stock is currently owned by institutional investors and hedge funds.

APi Group Price Performance

Shares of NYSE APG traded up $0.31 during trading on Friday, hitting $35.75. The company had a trading volume of 2,474,773 shares, compared to its average volume of 2,816,660. The company has a market cap of $14.87 billion, a P/E ratio of 111.72 and a beta of 1.56. APi Group Corporation has a 52 week low of $20.50 and a 52 week high of $36.55. The business's 50-day moving average is $34.50 and its 200 day moving average is $29.34. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.37 and a current ratio of 1.45.

APi Group (NYSE:APG - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. APi Group had a net margin of 3.35% and a return on equity of 21.33%. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the previous year, the business earned $0.49 EPS. The company's revenue was up 15.0% on a year-over-year basis. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts predict that APi Group Corporation will post 1.83 earnings per share for the current fiscal year.

Insider Buying and Selling at APi Group

In other APi Group news, Director Ian G. H. Ashken sold 205,550 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $35.24, for a total transaction of $7,243,582.00. Following the sale, the director directly owned 7,968,167 shares of the company's stock, valued at $280,798,205.08. The trade was a 2.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO James Arseniadis sold 4,843 shares of the business's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $35.38, for a total transaction of $171,345.34. Following the sale, the chief accounting officer directly owned 12,116 shares in the company, valued at approximately $428,664.08. This trade represents a 28.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 589,843 shares of company stock valued at $20,694,672 in the last three months. 17.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on APG. Robert W. Baird lifted their price target on APi Group from $31.3333 to $34.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. UBS Group lifted their price target on APi Group from $32.00 to $36.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Royal Bank Of Canada reiterated an "outperform" rating and set a $34.6667 price target on shares of APi Group in a research report on Friday, June 27th. Truist Financial upped their price target on APi Group from $32.00 to $36.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. raised APi Group from a "neutral" rating to an "overweight" rating and upped their price target for the company from $31.00 to $42.00 in a report on Tuesday, July 15th. Eight analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $36.10.

APi Group Profile

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.