Hillsdale Investment Management Inc. Has $4.09 Million Stake in ADT Inc. $ADT

Hillsdale Investment Management Inc. boosted its holdings in ADT Inc. (NYSE:ADT) by 37.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 469,400 shares of the security and automation business’s stock after purchasing an additional 128,500 shares during the period. Hillsdale Investment Management Inc. owned about 0.06% of ADT worth $4,088,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. acquired a new position in shares of ADT during the 3rd quarter worth about $25,000. Quent Capital LLC bought a new stake in ADT during the third quarter worth about $28,000. WPG Advisers LLC raised its holdings 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 acquiring an additional 1,440 shares in the last quarter. Osaic Holdings Inc. boosted its position in ADT by 39.9% during 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 during the last quarter. Finally, Bfsg LLC grew its stake in ADT by 400.0% in the third quarter. Bfsg LLC now owns 5,000 shares of the security and automation business’s stock valued at $44,000 after purchasing an additional 4,000 shares in the last quarter. 87.22% of the stock is currently owned by institutional investors and hedge funds.

ADT Stock Performance

Shares of NYSE ADT opened at $7.90 on Monday. 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 company has a market capitalization of $6.47 billion, a P/E ratio of 11.44 and a beta of 0.98. ADT Inc. has a 12 month low of $7.28 and a 12 month high of $8.94. The stock has a 50 day moving average of $8.05 and a 200-day moving average of $8.33.

Analysts Set New Price Targets

Several research firms have weighed in on ADT. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ADT in a research report on Monday, December 29th. Wall Street Zen cut shares of ADT from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Morgan Stanley dropped their price target on shares of ADT from $9.50 to $9.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 17th. Finally, Zacks Research upgraded shares of ADT from a “strong sell” rating to a “hold” rating in a research note on Monday, February 16th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $9.25.

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.