Bbva Compass Bancshares Inc. cut its stake in shares of FirstService Corporation (NASDAQ:FSV) (TSE:FSV) by 19.0% during the second quarter, Holdings Channel reports. The institutional investor owned 4,320 shares of the financial services provider’s stock after selling 1,015 shares during the period. Bbva Compass Bancshares Inc.’s holdings in FirstService Corporation were worth $276,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Legal & General Group Plc boosted its position in FirstService Corporation by 37.7% in the first quarter. Legal & General Group Plc now owns 3,289 shares of the financial services provider’s stock valued at $198,000 after buying an additional 900 shares in the last quarter. UBS Group AG boosted its position in FirstService Corporation by 21.2% in the first quarter. UBS Group AG now owns 3,427 shares of the financial services provider’s stock valued at $206,000 after buying an additional 600 shares in the last quarter. Citadel Advisors LLC bought a new position in FirstService Corporation during the first quarter valued at $282,000. JPMorgan Chase & Co. boosted its position in FirstService Corporation by 4.2% in the first quarter. JPMorgan Chase & Co. now owns 4,860 shares of the financial services provider’s stock valued at $224,000 after buying an additional 195 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in FirstService Corporation by 10.3% in the first quarter. Parametric Portfolio Associates LLC now owns 7,853 shares of the financial services provider’s stock valued at $474,000 after buying an additional 733 shares in the last quarter. 58.68% of the stock is currently owned by hedge funds and other institutional investors.

FirstService Corporation (NASDAQ FSV) opened at 63.97 on Wednesday. The company has a market capitalization of $2.30 billion, a PE ratio of 51.18 and a beta of 0.91. The company has a 50-day moving average of $63.87 and a 200-day moving average of $59.61. FirstService Corporation has a 52 week low of $39.05 and a 52 week high of $67.41.

FirstService Corporation (NASDAQ:FSV) (TSE:FSV) last posted its earnings results on Wednesday, July 26th. The financial services provider reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.11. The business had revenue of $434.90 million for the quarter, compared to analyst estimates of $421.35 million. FirstService Corporation had a net margin of 2.84% and a return on equity of 24.64%. FirstService Corporation’s revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.52 EPS. On average, equities research analysts anticipate that FirstService Corporation will post $1.96 EPS for the current year.

WARNING: This piece of content was first posted by Daily Political and is owned by of Daily Political. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.dailypolitical.com/2017/08/09/firstservice-corporation-nasdaqfsv-shares-sold-by-bbva-compass-bancshares-inc.html.

Several research firms have weighed in on FSV. Raymond James Financial, Inc. increased their price target on shares of FirstService Corporation from $63.00 to $65.00 and gave the company a “market perform” rating in a report on Thursday, July 27th. Royal Bank Of Canada raised their target price on shares of FirstService Corporation from $65.00 to $71.00 and gave the stock an “outperform” rating in a report on Thursday, July 27th. BidaskClub raised shares of FirstService Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Zacks Investment Research raised shares of FirstService Corporation from a “hold” rating to a “strong-buy” rating and set a $73.00 target price on the stock in a report on Wednesday, August 2nd. Finally, TheStreet raised shares of FirstService Corporation from a “c” rating to a “b-” rating in a report on Wednesday, July 26th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. FirstService Corporation presently has an average rating of “Buy” and an average price target of $67.00.

FirstService Corporation Company Profile

Firstservice Corporation is a provider of residential property management and other essential property services to residential and commercial customers. The Company operates through two segments: FirstService Residential and FirstService Brands. FirstService Residential is a property manager and provides ancillary services in the areas of on-site staffing, including building engineering and maintenance, full-service amenity management, security, concierge and front desk personnel, and landscaping; banking and insurance products, and energy conservation and management solutions.

Want to see what other hedge funds are holding FSV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FirstService Corporation (NASDAQ:FSV) (TSE:FSV).

Institutional Ownership by Quarter for FirstService Corporation (NASDAQ:FSV)

Receive News & Ratings for FirstService Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FirstService Corporation and related companies with MarketBeat.com's FREE daily email newsletter.