The stock of Apollo Global Management Llc (NYSE:APO) registered a decrease of 12.03% in short interest. APO’s total short interest was 6.07 million shares in September as published by FINRA. Its down 12.03% from 6.90M shares, reported previously. With 666,400 shares average volume, it will take short sellers 9 days to cover their APO’s short positions. The short interest to Apollo Global Management Llc’s float is 3.32%. About 208,916 shares traded hands. Apollo Global Management LLC (NYSE:APO) has risen 44.20% since February 8, 2016 and is uptrending. It has outperformed by 27.72% 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 $3.41 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 18.97 P/E ratio. The Firm operates through three divisions: Private equity, Credit and Real estate.
The institutional sentiment decreased to 0.92 in 2016 Q2. Its down 0.03, from 0.95 in 2016Q1. The ratio turned negative, 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.
Hmi Capital Llc holds 15.61% of its portfolio in Apollo Global Management LLC for 5.47 million shares. Para Advisors Llc owns 75,000 shares or 5.89% of their US portfolio. Moreover, Partners Group Holding Ag has 2.17% invested in the company for 506,800 shares. The New York-based New Mountain Vantage Advisers L.L.C. has invested 1.84% in the stock. Concourse Capital Management Llc, a Georgia-based fund reported 167,547 shares.
Out of 12 analysts covering Apollo Global Management LLC (NYSE:APO), 6 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 50% are positive. $39 is the highest target while $12 is the lowest. The $20.71 average target is 13.92% above today’s ($18.18) stock price. Apollo Global Management LLC has been the topic of 27 analyst reports since October 8, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the stock on May 24 with “Sector Perform” rating.
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