434,630 Shares in APi Group Co. (NYSE:APG) Acquired by Sycale Advisors NY LLC

Sycale Advisors NY LLC purchased a new position in APi Group Co. (NYSE:APG - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 434,630 shares of the company's stock, valued at approximately $15,634,000. APi Group makes up 4.1% of Sycale Advisors NY LLC's portfolio, making the stock its 9th biggest holding. Sycale Advisors NY LLC owned about 0.16% of APi Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Strategic Financial Concepts LLC increased its stake in APi Group by 2,058.1% in the 4th quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company's stock worth $82,000 after purchasing an additional 217,071 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in APi Group by 24.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 89,897 shares of the company's stock valued at $3,236,000 after acquiring an additional 17,404 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of APi Group by 325.6% in the 4th quarter. SG Americas Securities LLC now owns 21,231 shares of the company's stock valued at $764,000 after purchasing an additional 16,242 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of APi Group in the 4th quarter valued at about $511,000. Finally, Mount Yale Investment Advisors LLC acquired a new position in shares of APi Group in the 4th quarter valued at about $249,000. 86.62% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director James E. Lillie sold 50,000 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $37.97, for a total value of $1,898,500.00. Following the completion of the sale, the director now directly owns 1,046,203 shares in the company, valued at approximately $39,724,327.91. The trade was a 4.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ian G. H. Ashken sold 150,000 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $42.72, for a total value of $6,408,000.00. Following the completion of the sale, the director now owns 5,612,102 shares of the company's stock, valued at approximately $239,748,997.44. This trade represents a 2.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 17.00% of the company's stock.

APi Group Stock Up 0.2%

Shares of APi Group stock traded up $0.11 during trading on Wednesday, hitting $46.03. 2,902,172 shares of the stock traded hands, compared to its average volume of 1,721,191. The stock has a market cap of $12.74 billion, a P/E ratio of -23.37 and a beta of 1.54. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. APi Group Co. has a twelve month low of $30.76 and a twelve month high of $48.02. The company has a fifty day moving average price of $38.15 and a two-hundred day moving average price of $37.66.

APi Group shares are going to split on the morning of Tuesday, July 1st. The 3-2 split was announced on Wednesday, May 21st. The newly minted shares will be issued to shareholders after the market closes on Monday, June 30th.

APi Group (NYSE:APG - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.02. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.66 billion. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The firm's revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.34 EPS. Equities research analysts predict that APi Group Co. will post 1.83 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on APG shares. JPMorgan Chase & Co. upped their target price on APi Group from $39.00 to $46.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Citigroup dropped their target price on APi Group from $46.00 to $42.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Royal Bank of Canada reiterated an "outperform" rating and issued a $45.00 target price on shares of APi Group in a report on Monday. Barclays upped their target price on APi Group from $43.00 to $48.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Finally, UBS Group dropped their target price on APi Group from $45.00 to $44.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, APi Group has an average rating of "Moderate Buy" and an average target price of $45.57.

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.