Invenomic Capital Management LP Cuts Position in ADT Inc. (NYSE:ADT)

Invenomic Capital Management LP decreased its holdings in ADT Inc. (NYSE:ADT) by 10.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 411,522 shares of the security and automation business’s stock after selling 49,087 shares during the quarter. Invenomic Capital Management LP’s holdings in ADT were worth $2,765,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of ADT by 0.6% in the third quarter. Vanguard Group Inc. now owns 31,926,013 shares of the security and automation business’s stock valued at $191,556,000 after buying an additional 180,785 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of ADT by 26.7% during the fourth quarter. SG Americas Securities LLC now owns 112,957 shares of the security and automation business’s stock valued at $770,000 after acquiring an additional 23,774 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of ADT during the fourth quarter valued at $140,000. Mackenzie Financial Corp lifted its stake in shares of ADT by 794.8% in the 4th quarter. Mackenzie Financial Corp now owns 168,971 shares of the security and automation business’s stock valued at $1,152,000 after purchasing an additional 150,087 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of ADT by 48.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,362 shares of the security and automation business’s stock valued at $378,000 after purchasing an additional 18,053 shares in the last quarter. Hedge funds and other institutional investors own 87.22% of the company’s stock.

ADT Trading Up 1.6 %

Shares of NYSE ADT traded up $0.12 during midday trading on Wednesday, hitting $7.85. The stock had a trading volume of 4,498,098 shares, compared to its average volume of 5,202,500. The company has a market capitalization of $7.24 billion, a price-to-earnings ratio of 11.04 and a beta of 1.59. ADT Inc. has a 1-year low of $5.53 and a 1-year high of $7.92. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 2.03. The company has a fifty day moving average price of $7.43 and a 200 day moving average price of $6.92.

ADT 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.