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Apollo Management Holdings GP, LLC, along with its affiliates Apollo Management GP, LLC, and Apollo Management Holdings, L.P., has sold a significant portion of its stake in ADT Inc. (NYSE:ADT). According to a recent SEC filing, the firms collectively disposed of 45 million shares of common stock at a price of $8.27 per share, totaling approximately $372.15 million. The security company, currently trading at $8.43 and showing a strong YTD return of 23%, appears undervalued according to InvestingPro analysis.
This transaction leaves Apollo Management with 183,650,366 shares in ADT following the sale. The ownership nature is noted as indirect, with further details referenced in the filing’s footnotes.
Apollo Management, known for its significant investments, continues to hold a substantial position in the security services company despite this sizable divestment.
In other recent news, ADT Inc. reported strong financial results for the first quarter of 2025, with total revenue increasing by 7% to $1.3 billion. The company’s adjusted earnings per share rose by 11% to $0.21, and adjusted EBITDA was up 4% to $661 million. ADT also launched new features, including the ADT Plus platform and AI integration, contributing to its growth. In addition to financial highlights, ADT shareholders approved several key proposals at their annual meeting, including the election of directors and executive compensation. The appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm was also ratified. Meanwhile, Marques Coleman announced his retirement from the ADT Board of Directors, a decision not related to any disagreements with the company. These developments reflect ADT’s ongoing strategic focus and operational resilience.
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