An issue of ADT Corp (NYSE:ADT) bonds rose 1% against their face value during trading on Thursday. The debt issue has a 3.5% coupon and is set to mature on July 15, 2022. The bonds in the issue are now trading at $92.50 and were trading at $95.00 last week. Price changes in a company’s bonds in credit markets sometimes predict parallel changes in its share price.

Shares of ADT Corp (NYSE:ADT) opened at 41.98 on Friday. ADT Corp has a 52 week low of $24.22 and a 52 week high of $41.98. The stock’s 50 day moving average is $41.98 and its 200-day moving average is $41.98.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Panagora Asset Management Inc. increased its position in ADT Corp by 11.4% in the first quarter. Panagora Asset Management Inc. now owns 526,642 shares of the company’s stock valued at $21,729,000 after buying an additional 53,913 shares in the last quarter. York Capital Management Global Advisors LLC purchased a new position in ADT Corp during the first quarter valued at approximately $10,185,000. Adage Capital Partners GP L.L.C. increased its position in ADT Corp by 108.0% in the first quarter. Adage Capital Partners GP L.L.C. now owns 245,404 shares of the company’s stock valued at $10,125,000 after buying an additional 127,400 shares in the last quarter. Squarepoint Ops LLC increased its position in ADT Corp by 124.6% in the first quarter. Squarepoint Ops LLC now owns 139,156 shares of the company’s stock valued at $5,741,000 after buying an additional 77,187 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in ADT Corp by 278.0% in the second quarter. Janney Montgomery Scott LLC now owns 23,332 shares of the company’s stock valued at $769,000 after buying an additional 17,159 shares in the last quarter.

About ADT Corp

The ADT Corporation (ADT) is a provider of electronic security, interactive home and business automation, and monitoring services for residences and small businesses in the United States and Canada. The Company’s products and services include home and business solutions, and home health services. The Company’s brands include ADT, ADT Pulse and Companion Service.

5 Day Chart for NYSE:ADT

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