Focus Financial Network Inc. Decreases Holdings in APi Group Co. (NYSE:APG)

Focus Financial Network Inc. trimmed its holdings in shares of APi Group Co. (NYSE:APG) by 3.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 53,726 shares of the company’s stock after selling 1,686 shares during the period. Focus Financial Network Inc.’s holdings in APi Group were worth $1,933,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Advantage Alpha Capital Partners LP lifted its holdings in APi Group by 79.6% during the 3rd quarter. Advantage Alpha Capital Partners LP now owns 269,087 shares of the company’s stock worth $8,885,000 after buying an additional 119,229 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of APi Group in the 3rd quarter valued at about $881,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of APi Group in the 3rd quarter valued at about $2,586,000. Oppenheimer Asset Management Inc. boosted its position in shares of APi Group by 60.4% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 99,647 shares of the company’s stock valued at $3,290,000 after purchasing an additional 37,531 shares during the period. Finally, Quantbot Technologies LP boosted its position in shares of APi Group by 5,964.3% in the 3rd quarter. Quantbot Technologies LP now owns 159,794 shares of the company’s stock valued at $5,276,000 after purchasing an additional 157,159 shares during the period. 86.62% of the stock is owned by hedge funds and other institutional investors.

APi Group Stock Performance

NYSE:APG opened at $38.31 on Wednesday. The firm’s fifty day moving average price is $37.42 and its 200 day moving average price is $35.64. APi Group Co. has a 1-year low of $31.44 and a 1-year high of $40.89. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. The firm has a market cap of $10.53 billion, a price-to-earnings ratio of -19.44 and a beta of 1.55.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on APG shares. Citigroup lowered their target price on shares of APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Royal Bank of Canada raised shares of APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a report on Tuesday, January 14th. Robert W. Baird lifted their target price on shares of APi Group from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, November 26th. William Blair reaffirmed an “outperform” rating on shares of APi Group in a report on Thursday, December 5th. Finally, Truist Financial started coverage on shares of APi Group in a report on Wednesday, January 22nd. They issued a “buy” rating and a $45.00 target price on the stock. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $43.38.

APi Group Company 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.