Pallas Capital Advisors LLC Buys 90,760 Shares of ADT Inc. $ADT

Pallas Capital Advisors LLC boosted its stake in shares of ADT Inc. (NYSE:ADT) by 56.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 251,585 shares of the security and automation business’s stock after buying an additional 90,760 shares during the period. Pallas Capital Advisors LLC’s holdings in ADT were worth $2,191,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of ADT. Harbor Capital Advisors Inc. bought a new position in shares of ADT during the 3rd quarter valued at about $25,000. Quent Capital LLC purchased a new stake in shares of ADT in the third quarter worth about $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 valued at $36,000 after buying an additional 1,440 shares during the last quarter. Osaic Holdings Inc. grew its holdings in ADT by 39.9% during 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 in the last quarter. Finally, Bfsg LLC grew its holdings in ADT by 400.0% during 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 in the last quarter. Hedge funds and other institutional investors own 87.22% of the company’s stock.

ADT Stock Up 1.2%

Shares of ADT opened at $7.74 on Tuesday. The company has a quick ratio of 0.54, a current ratio of 0.67 and a debt-to-equity ratio of 1.99. The business has a fifty day moving average of $8.07 and a 200 day moving average of $8.35. The company has a market cap of $6.34 billion, a PE ratio of 11.21 and a beta of 0.98. ADT Inc. has a 52-week low of $7.28 and a 52-week high of $8.94.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Morgan Stanley decreased their price objective on ADT from $9.50 to $9.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 17th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ADT in a research note on Monday, December 29th. Wall Street Zen lowered shares of ADT from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Zacks Research downgraded shares of ADT from a “hold” rating to a “strong sell” rating in a report on Friday, December 19th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average 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.