ADT Inc. $ADT Stock Holdings Lessened by CenterBook Partners LP

CenterBook Partners LP cut its stake in shares of ADT Inc. (NYSE:ADT) by 62.6% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 52,184 shares of the security and automation business’s stock after selling 87,473 shares during the period. CenterBook Partners LP’s holdings in ADT were worth $455,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ADT. Harbor Capital Advisors Inc. acquired a new stake in shares of ADT during the 3rd quarter valued at $25,000. Quent Capital LLC purchased a new stake in shares of ADT during the third quarter worth $28,000. WPG Advisers LLC boosted its position in ADT by 54.3% during the third quarter. WPG Advisers LLC now owns 4,091 shares of the security and automation business’s stock valued at $36,000 after purchasing an additional 1,440 shares during the last quarter. Osaic Holdings Inc. grew its stake in ADT by 39.9% in the second quarter. Osaic Holdings Inc. now owns 4,351 shares of the security and automation business’s stock valued at $37,000 after purchasing an additional 1,240 shares in the last quarter. Finally, Bfsg LLC increased its position in ADT by 400.0% in the 3rd quarter. Bfsg LLC now owns 5,000 shares of the security and automation business’s stock worth $44,000 after purchasing an additional 4,000 shares during the last quarter. Hedge funds and other institutional investors own 87.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Zacks Research upgraded ADT from a “strong sell” rating to a “hold” rating in a report on Monday, February 16th. Wall Street Zen lowered shares of ADT from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Morgan Stanley decreased their target price on shares of ADT from $9.50 to $9.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 17th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of ADT in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, ADT currently has an average rating of “Hold” and a consensus target price of $9.25.

ADT Stock Performance

NYSE:ADT opened at $7.90 on Friday. The firm has a market capitalization of $6.47 billion, a PE ratio of 11.44 and a beta of 0.98. The company has a current ratio of 0.67, a quick ratio of 0.54 and a debt-to-equity ratio of 1.99. ADT Inc. has a 1 year low of $7.28 and a 1 year high of $8.94. The firm’s fifty day simple moving average is $8.05 and its 200 day simple moving average is $8.34.

ADT Profile

ADT Inc is a leading provider of security and automation solutions for residential and commercial customers. The company offers a comprehensive suite of products and services, including intrusion detection systems, video surveillance, fire and carbon monoxide monitoring, and integrated smart home automation platforms. Through professional installation, continuous monitoring, and a network of 24/7 monitoring centers, ADT helps customers protect their properties, assets and loved ones.

Founded in 1874 as the American District Telegraph Company, ADT has evolved from one of the first telegraph-based alarm services into a modern security technology enterprise.