Monashee Investment Management LLC Invests $4.68 Million in ADT Inc. $ADT

Key Points

• Monashee Investment Management LLC invested approximately $4.68 million in ADT Inc. by acquiring 575,000 shares, making it the firm's 26th largest holding.
• Major shareholder Apollo Management Holdings sold 71 million shares of ADT stock, significantly reducing their stake by 38.66%.
• ADT recently beat earnings estimates with a reported $0.23 EPS for the quarter, compared to analysts' expectations of $0.19, and has set FY 2025 guidance between $0.810-0.890 EPS.

Monashee Investment Management LLC purchased a new position in ADT Inc. (NYSE:ADT - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 575,000 shares of the security and automation business's stock, valued at approximately $4,680,000. ADT accounts for 0.6% of Monashee Investment Management LLC's portfolio, making the stock its 26th largest holding. Monashee Investment Management LLC owned 0.07% of ADT as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ADT. Versant Capital Management Inc acquired a new stake in ADT during the first quarter valued at approximately $35,000. True Wealth Design LLC acquired a new stake in ADT during the fourth quarter valued at approximately $36,000. Quarry LP acquired a new stake in ADT during the fourth quarter valued at approximately $80,000. Northwest Wealth Management LLC acquired a new stake in ADT during the first quarter valued at approximately $87,000. Finally, Focus Partners Advisor Solutions LLC acquired a new stake in ADT during the fourth quarter valued at approximately $88,000. 87.22% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other ADT news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the company's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $8.31, for a total value of $590,010,000.00. Following the transaction, the insider owned 112,650,366 shares in the company, valued at approximately $936,124,541.46. This represents a 38.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.70% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on ADT. Zacks Research raised shares of ADT to a "strong-buy" rating in a research note on Tuesday, August 12th. Morgan Stanley upped their price target on shares of ADT from $9.00 to $9.50 and gave the company an "equal weight" rating in a research report on Monday, July 28th. Finally, Wall Street Zen downgraded shares of ADT from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, ADT has a consensus rating of "Moderate Buy" and an average target price of $9.18.

ADT Stock Down 1.4%

ADT stock opened at $8.7050 on Thursday. The firm has a market cap of $7.24 billion, a PE ratio of 13.19 and a beta of 1.20. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.37 and a current ratio of 0.46. The firm's 50 day moving average price is $8.43 and its two-hundred day moving average price is $8.11. ADT Inc. has a twelve month low of $6.68 and a twelve month high of $8.86.

ADT (NYSE:ADT - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The security and automation business reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.28 billion. ADT had a net margin of 12.30% and a return on equity of 18.58%. The company's revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.17 EPS. ADT has set its FY 2025 guidance at 0.810-0.890 EPS. On average, research analysts predict that ADT Inc. will post 0.7 EPS for the current fiscal year.

ADT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be paid a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 2.5%. The ex-dividend date is Thursday, September 11th. ADT's dividend payout ratio is currently 33.33%.

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.

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