Long Focus Capital Management LLC Buys 66,446 Shares of APi Group Corporation $APG

Long Focus Capital Management LLC boosted its stake in shares of APi Group Corporation (NYSE:APG) by 50.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 199,339 shares of the company’s stock after buying an additional 66,446 shares during the period. Long Focus Capital Management LLC’s holdings in APi Group were worth $6,851,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Clearstead Advisors LLC lifted its stake in APi Group by 105.7% in the 3rd quarter. Clearstead Advisors LLC now owns 831 shares of the company’s stock worth $29,000 after purchasing an additional 427 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of APi Group by 55.3% in the third quarter. Parallel Advisors LLC now owns 834 shares of the company’s stock worth $29,000 after purchasing an additional 297 shares during the last quarter. Bares Capital Management Inc. bought a new stake in shares of APi Group in the second quarter worth about $30,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of APi Group in the third quarter worth about $31,000. Finally, Root Financial Partners LLC bought a new position in APi Group during the third quarter valued at approximately $32,000. 86.62% of the stock is currently owned by institutional investors.

APi Group Trading Up 3.4%

Shares of APG stock opened at $41.26 on Tuesday. APi Group Corporation has a 1 year low of $20.50 and a 1 year high of $46.89. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.50 and a quick ratio of 1.43. The stock’s 50 day simple moving average is $42.87 and its two-hundred day simple moving average is $38.79. The company has a market cap of $17.80 billion, a PE ratio of -54.53, a price-to-earnings-growth ratio of 2.38 and a beta of 1.69.

APi Group (NYSE:APG) last announced its earnings results on Wednesday, February 25th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The firm had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.09 billion. APi Group had a return on equity of 37.92% and a net margin of 3.70%.The company’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.51 EPS. Research analysts predict that APi Group Corporation will post 1.83 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Ian G. H. Ashken sold 72,546 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $42.94, for a total value of $3,115,125.24. Following the sale, the director owned 10,561,284 shares of the company’s stock, valued at approximately $453,501,534.96. This represents a 0.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Louis Lambert sold 22,000 shares of the stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $44.71, for a total transaction of $983,620.00. Following the completion of the sale, the senior vice president directly owned 16,148 shares in the company, valued at approximately $721,977.08. This represents a 57.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 682,000 shares of company stock worth $29,693,385 over the last three months. 17.00% of the stock is owned by insiders.

Analysts Set New Price Targets

APG has been the subject of several research analyst reports. UBS Group raised their price target on APi Group from $49.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Citigroup increased their target price on APi Group from $49.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Royal Bank Of Canada raised their target price on shares of APi Group from $45.00 to $53.00 and gave the company an “outperform” rating in a report on Thursday, February 26th. CJS Securities upgraded shares of APi Group to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of APi Group in a research note on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $48.57.

About APi Group

APi Group Corp. is a global specialty contractor that provides fire protection, security, mechanical insulation and energy services to commercial, industrial and institutional clients. Headquartered in New Brighton, Minnesota, the company designs, installs, inspects, tests, maintains and repairs a wide range of safety and infrastructure systems. Through its network of operating subsidiaries, APi Group delivers end-to-end solutions for new construction, facility renovations and ongoing maintenance requirements.

Its service portfolio spans life safety and industrial services—such as fire suppression systems, fire alarms and emergency lighting—and specialized offerings including technical insulation, access solutions, passive fire protection and energy efficiency upgrades.