ADT Inc. $ADT Shares Sold by CenterBook Partners LP

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

Other institutional investors have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. acquired a new position in shares of ADT during the 3rd quarter valued at $25,000. Quent Capital LLC bought a new position in ADT during the third quarter valued at about $28,000. WPG Advisers LLC grew 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 during the period. Osaic Holdings Inc. raised its position 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 worth $37,000 after acquiring an additional 1,240 shares in the last quarter. Finally, Bfsg LLC lifted 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 acquiring an additional 4,000 shares during the last quarter. 87.22% of the stock is currently owned by institutional investors and hedge funds.

ADT Price Performance

Shares of NYSE:ADT opened at $7.90 on Friday. The company’s fifty day moving average is $8.05 and its two-hundred day moving average is $8.34. The company has a market cap 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 company has a quick ratio of 0.54, a current ratio of 0.67 and a debt-to-equity ratio of 1.99.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ADT shares. Zacks Research raised shares of ADT from a “strong sell” rating to a “hold” rating in a research note on Monday, February 16th. Morgan Stanley decreased 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. Wall Street Zen cut ADT from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of ADT in a research note on Monday, December 29th. 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 company has a consensus rating of “Hold” and an average 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.