Bryce Point Capital LLC Sells 10,302 Shares of APi Group Corporation $APG

Bryce Point Capital LLC reduced its holdings in shares of APi Group Corporation (NYSE:APG) by 38.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,364 shares of the company’s stock after selling 10,302 shares during the quarter. Bryce Point Capital LLC’s holdings in APi Group were worth $835,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of APG. GAMMA Investing LLC lifted its holdings in APi Group by 105.5% during the first quarter. GAMMA Investing LLC now owns 1,529 shares of the company’s stock worth $55,000 after acquiring an additional 785 shares during the period. Amalgamated Bank increased its position in APi Group by 2.3% in the first quarter. Amalgamated Bank now owns 12,253 shares of the company’s stock worth $438,000 after buying an additional 279 shares during the last quarter. First Horizon Advisors Inc. increased its position in APi Group by 40.5% in the first quarter. First Horizon Advisors Inc. now owns 1,672 shares of the company’s stock worth $60,000 after buying an additional 482 shares during the last quarter. D.A. Davidson & CO. increased its position in APi Group by 2.3% in the first quarter. D.A. Davidson & CO. now owns 79,329 shares of the company’s stock worth $2,837,000 after buying an additional 1,815 shares during the last quarter. Finally, OneDigital Investment Advisors LLC increased its position in APi Group by 23.2% in the first quarter. OneDigital Investment Advisors LLC now owns 10,415 shares of the company’s stock worth $372,000 after buying an additional 1,961 shares during the last quarter. 86.62% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Ian G. H. Ashken sold 205,550 shares of the business’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $35.24, for a total transaction of $7,243,582.00. Following the completion of the transaction, the director directly owned 7,968,167 shares in the company, valued at $280,798,205.08. The trade was a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Martin E. Franklin sold 1,200,000 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $34.64, for a total value of $41,568,000.00. Following the transaction, the director owned 19,868,790 shares of the company’s stock, valued at approximately $688,254,885.60. The trade was a 5.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 1,785,000 shares of company stock worth $62,091,327. 17.00% of the stock is owned by corporate insiders.

APi Group Price Performance

Shares of NYSE APG opened at $35.74 on Tuesday. The stock has a market cap of $14.87 billion, a PE ratio of 97.49 and a beta of 1.63. APi Group Corporation has a fifty-two week low of $20.50 and a fifty-two week high of $37.04. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.41 and a current ratio of 1.48. The stock has a fifty day moving average of $34.90 and a 200-day moving average of $33.11.

APi Group (NYSE:APG) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.02. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.01 billion. APi Group had a return on equity of 21.86% and a net margin of 3.44%.The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.51 earnings per share. APi Group has set its FY 2025 guidance at EPS. Equities research analysts anticipate that APi Group Corporation will post 1.83 earnings per share for the current year.

Wall Street Analyst Weigh In

APG has been the subject of a number of recent research reports. Barclays raised their target price on APi Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a research report on Monday. Wall Street Zen raised APi Group from a “hold” rating to a “buy” rating in a research report on Sunday, July 13th. JPMorgan Chase & Co. raised APi Group from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $31.00 to $42.00 in a research report on Tuesday, July 15th. Weiss Ratings reissued a “hold (c)” rating on shares of APi Group in a research report on Thursday, October 30th. Finally, Citigroup raised their target price on APi Group from $42.00 to $43.00 and gave the stock a “buy” rating in a research report on Friday. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $38.52.

About APi Group

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.