Short Interest To Observe: Apollo Global Management Llc (NYSE:APO) on Focus After Report of More Shorts

November 23, 2016 - By Darrin Black   ·   0 Comments

Short Interest To Observe: Apollo Global Management Llc (NYSE:APO) on Focus After Report of More Shorts

The stock of Apollo Global Management Llc (NYSE:APO) registered an increase of 3.43% in short interest. APO’s total short interest was 5.47 million shares in November as published by FINRA. Its up 3.43% from 5.29M shares, reported previously. With 451,000 shares average volume, it will take short sellers 12 days to cover their APO’s short positions. The short interest to Apollo Global Management Llc’s float is 2.99%. About 240,949 shares traded hands. Apollo Global Management LLC (NYSE:APO) has risen 12.58% since April 21, 2016 and is uptrending. It has outperformed by 7.25% the S&P500.

Apollo Global Management, LLC is an alternative investment manager in private equity, credit and real estate. The company has a market cap of $3.64 billion. The Firm raises, invests and manages funds on behalf of pension, endowment and sovereign wealth funds, as well as other institutional and individual investors. It has a 15.76 P/E ratio. The Firm operates through three divisions: Private equity, Credit and Real estate.

Insitutional Activity: The institutional sentiment increased to 1.19 in Q2 2016. Its up 0.27, from 0.92 in 2016Q1. The ratio increased, as 12 funds sold all Apollo Global Management LLC shares owned while 39 reduced positions. 13 funds bought stakes while 34 increased positions. They now own 102.19 million shares or 4.06% less from 106.52 million shares in 2016Q1.
Sigma Planning Corp holds 0.06% or 32,763 shares in its portfolio. Endowment Mgmt L P last reported 0.05% of its portfolio in the stock. Clear Harbor Asset Ltd Liability Corp last reported 10,950 shares in the company. Cetera Advsrs Limited Liability has 59,309 shares for 0.07% of their US portfolio. Oakworth has 0.05% invested in the company for 7,800 shares. Winslow Evans Crocker holds 0% or 8,976 shares in its portfolio. Artemis Management Llp holds 0.07% or 300,000 shares in its portfolio. Barclays Pcl accumulated 0% or 16,647 shares. Toronto Dominion Savings Bank holds 0.02% or 291,921 shares in its portfolio. Wells Fargo & Communication Mn reported 203,444 shares or 0% of all its holdings. The Missouri-based Stifel Finance has invested 0% in Apollo Global Management LLC (NYSE:APO). Private Advisor Grp Ltd Liability Co has 0.05% invested in the company for 82,953 shares. Veritable Limited Partnership, a Pennsylvania-based fund reported 11,355 shares. Rbf Lc holds 0.03% of its portfolio in Apollo Global Management LLC (NYSE:APO) for 10,000 shares. Raymond James Assocs has 24,851 shares for 0% of their US portfolio.

Apollo Global Management LLC (NYSE:APO) Ratings Coverage

Out of 13 analysts covering Apollo Global Management (NYSE:APO), 7 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 54% are positive. Apollo Global Management has been the topic of 33 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The company was maintained on Monday, October 26 by RBC Capital Markets. As per Friday, January 8, the company rating was maintained by Deutsche Bank. As per Tuesday, December 8, the company rating was downgraded by Bank of America. The rating was initiated by Goldman Sachs on Tuesday, August 11 with “Neutral”. As per Monday, August 17, the company rating was maintained by Deutsche Bank. Argus Research maintained Apollo Global Management LLC (NYSE:APO) rating on Thursday, October 29. Argus Research has “Buy” rating and $23 price target. The stock of Apollo Global Management LLC (NYSE:APO) earned “Buy” rating by UBS on Thursday, July 30. On Thursday, December 10 the stock rating was initiated by Jefferies with “Hold”. The rating was upgraded by Wood on Thursday, August 4 to “Outperform”. Deutsche Bank maintained the stock with “Hold” rating in Thursday, August 4 report.

APO Company Profile

Apollo Global Management, LLC (Apollo), incorporated on July 3, 2007, is an alternative investment manager in private equity, credit and real estate. The Firm raises, invests and manages funds on behalf of pension, endowment and sovereign wealth funds, as well as other institutional and individual investors. The Firm operates through three divisions: Private equity, Credit and Real estate. The Private equity segment invests in control equity and related debt instruments, convertible securities and distressed debt instruments. The Credit segment invests in non-control corporate and structured debt instruments, including performing, stressed and distressed instruments across the capital structure. The Real estate segment invests in real estate equity for the acquisition and recapitalization of real estate assets, portfolios, platforms and operating companies, and real estate debt, including first mortgage and mezzanine loans, preferred equity and commercial mortgage backed securities. The Firm has total asset under management (AUM) of approximately $170 billion, including approximately $40 billion in private equity, over $120 billion in credit and approximately $10 billion in real estate.

Another recent and important Apollo Global Management LLC (NYSE:APO) news was published by Wsj.com which published an article titled: “Apollo’s New Creed: Bond Bears Take On ETF Buyers” on October 27, 2016.

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By Darrin Black


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