SG Americas Securities LLC Invests $733,000 in Resideo Technologies, Inc. (NYSE:REZI)

SG Americas Securities LLC bought a new stake in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 41,438 shares of the company's stock, valued at approximately $733,000.

Other hedge funds also recently bought and sold shares of the company. Quarry LP purchased a new stake in Resideo Technologies during the 4th quarter valued at approximately $28,000. Versant Capital Management Inc boosted its position in shares of Resideo Technologies by 52.1% during the first quarter. Versant Capital Management Inc now owns 3,174 shares of the company's stock worth $56,000 after acquiring an additional 1,087 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in Resideo Technologies by 293.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,600 shares of the company's stock valued at $60,000 after acquiring an additional 1,939 shares in the last quarter. Sterling Capital Management LLC increased its holdings in Resideo Technologies by 705.9% in the 4th quarter. Sterling Capital Management LLC now owns 4,755 shares of the company's stock valued at $110,000 after acquiring an additional 4,165 shares during the last quarter. Finally, Natixis purchased a new stake in Resideo Technologies in the 4th quarter worth $115,000. Institutional investors own 91.71% of the company's stock.

Insiders Place Their Bets

In related news, major shareholder Channel Holdings Ii L.P. Cd&R bought 5,754,501 shares of the company's stock in a transaction dated Friday, May 9th. The stock was purchased at an average price of $17.38 per share, for a total transaction of $100,013,227.38. Following the acquisition, the insider now owns 5,754,501 shares in the company, valued at $100,013,227.38. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.50% of the company's stock.

Resideo Technologies Price Performance

Shares of REZI traded up $0.48 during mid-day trading on Tuesday, hitting $22.26. 1,006,727 shares of the stock were exchanged, compared to its average volume of 997,248. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.16 and a current ratio of 1.94. The company has a market cap of $3.30 billion, a PE ratio of 69.55 and a beta of 2.19. Resideo Technologies, Inc. has a 52-week low of $14.18 and a 52-week high of $28.28. The firm has a 50-day moving average of $19.34 and a two-hundred day moving average of $20.33.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. raised their price objective on Resideo Technologies from $20.00 to $21.00 and gave the company a "neutral" rating in a research report on Tuesday, June 3rd.

About Resideo Technologies

Resideo Technologies, Inc develops, manufactures, and sells comfort, energy management, and safety and security solutions to the commercial and residential end markets in the United States, Europe, and internationally. The company operates in two segments, Products and Solutions, and ADI Global Distribution.