Monashee Investment Management LLC Has $3.92 Million Stock Holdings in ADT Inc. $ADT

Monashee Investment Management LLC decreased its position in ADT Inc. (NYSE:ADT) by 25.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 450,000 shares of the security and automation business’s stock after selling 150,406 shares during the period. ADT comprises approximately 2.0% of Monashee Investment Management LLC’s holdings, making the stock its 21st largest holding. Monashee Investment Management LLC owned 0.05% of ADT worth $3,920,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. Harbor Capital Advisors Inc. bought a new stake in shares of ADT during the third quarter valued at approximately $25,000. Quent Capital LLC acquired a new stake in ADT during the third quarter worth $28,000. WPG Advisers LLC boosted its stake 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 worth $36,000 after buying an additional 1,440 shares in the last quarter. Osaic Holdings Inc. increased its holdings in ADT by 39.9% in the 2nd quarter. Osaic Holdings Inc. now owns 4,351 shares of the security and automation business’s stock valued at $37,000 after buying an additional 1,240 shares during the period. Finally, Bfsg LLC increased its holdings in ADT by 400.0% in the 3rd quarter. Bfsg LLC now owns 5,000 shares of the security and automation business’s stock valued at $44,000 after buying an additional 4,000 shares during the period. Institutional investors own 87.22% of the company’s stock.

ADT Stock Performance

NYSE ADT opened at $8.02 on Friday. ADT Inc. has a 1-year low of $7.31 and a 1-year high of $8.94. The company has a 50 day moving average of $8.03 and a 200-day moving average of $8.32. The company has a current ratio of 0.67, a quick ratio of 0.54 and a debt-to-equity ratio of 1.99. The firm has a market cap of $6.57 billion, a price-to-earnings ratio of 11.62 and a beta of 0.98.

Analysts Set New Price Targets

A number of research firms have recently commented on ADT. Zacks Research raised shares of ADT from a “strong sell” rating to a “hold” rating in a report on Monday, February 16th. Weiss Ratings reissued a “hold (c+)” rating on shares of ADT in a research report on Monday, December 29th. Morgan Stanley cut their price target on shares of ADT from $9.50 to $9.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 17th. Finally, Wall Street Zen lowered ADT from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $9.25.

About ADT

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.