Ghisallo Capital Management LLC Sells 1,750,000 Shares of ADT Inc. (NYSE:ADT)

Ghisallo Capital Management LLC lowered its position in ADT Inc. (NYSE:ADT) by 87.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 250,000 shares of the security and automation business’s stock after selling 1,750,000 shares during the quarter. Ghisallo Capital Management LLC’s holdings in ADT were worth $1,900,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nordea Investment Management AB increased its stake in shares of ADT by 31.4% in the 1st quarter. Nordea Investment Management AB now owns 1,297,954 shares of the security and automation business’s stock valued at $8,703,000 after buying an additional 310,406 shares during the period. GSA Capital Partners LLP acquired a new position in ADT during the first quarter valued at approximately $1,017,000. Quantbot Technologies LP boosted its position in ADT by 452.9% during the first quarter. Quantbot Technologies LP now owns 179,036 shares of the security and automation business’s stock valued at $1,203,000 after purchasing an additional 146,657 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of ADT by 10.7% in the first quarter. Vanguard Group Inc. now owns 35,406,307 shares of the security and automation business’s stock valued at $237,930,000 after buying an additional 3,427,575 shares during the last quarter. Finally, Boston Partners lifted its position in shares of ADT by 246.8% in the first quarter. Boston Partners now owns 192,468 shares of the security and automation business’s stock valued at $1,293,000 after buying an additional 136,977 shares during the last quarter. Institutional investors own 87.22% of the company’s stock.

Analysts Set New Price Targets

Separately, Royal Bank of Canada cut their price objective on ADT from $10.00 to $8.00 and set a “sector perform” rating for the company in a research report on Friday, August 2nd.

ADT Price Performance

ADT stock opened at $7.05 on Wednesday. The stock’s fifty day moving average price is $7.29 and its two-hundred day moving average price is $7.09. ADT Inc. has a one year low of $5.53 and a one year high of $7.92. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.75 and a quick ratio of 0.59. The firm has a market cap of $6.50 billion, a PE ratio of 10.07 and a beta of 1.54.

ADT (NYSE:ADT) last posted its quarterly earnings data on Thursday, August 1st. The security and automation business reported $0.17 EPS for the quarter, hitting analysts’ consensus estimates of $0.17. ADT had a return on equity of 15.45% and a net margin of 13.83%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the company earned $0.15 EPS. The company’s revenue was up 3.2% on a year-over-year basis. As a group, research analysts expect that ADT Inc. will post 0.62 EPS for the current fiscal year.

ADT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 13th will be issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend is Friday, September 13th. ADT’s dividend payout ratio is presently 31.43%.

ADT Company Profile

ADT Inc provides security, interactive, and smart home solutions to residential and small business customers in the United States. It operates through two segments, Consumer and Small Business, and Solar. The company provides burglar and life safety alarms, smart security cameras, smart home automation systems, and video surveillance systems.