Eos Management L.P. Has $3.44 Million Stake in FirstService Corporation $FSV

Eos Management L.P. raised its position in shares of FirstService Corporation (NASDAQ:FSV) (TSE:FSV) by 36.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,047 shares of the financial services provider’s stock after acquiring an additional 4,865 shares during the period. FirstService makes up 1.4% of Eos Management L.P.’s portfolio, making the stock its 20th biggest holding. Eos Management L.P.’s holdings in FirstService were worth $3,438,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Goldman Sachs Group Inc. boosted its stake in FirstService by 79.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 318,648 shares of the financial services provider’s stock valued at $52,880,000 after purchasing an additional 141,152 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of FirstService by 40.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 59,389 shares of the financial services provider’s stock valued at $9,856,000 after acquiring an additional 17,072 shares during the period. Strs Ohio acquired a new stake in shares of FirstService in the first quarter worth $38,000. Signaturefd LLC grew its stake in shares of FirstService by 14.0% in the second quarter. Signaturefd LLC now owns 1,379 shares of the financial services provider’s stock worth $241,000 after acquiring an additional 169 shares during the last quarter. Finally, J. Safra Sarasin Holding AG increased its position in FirstService by 78.6% during the second quarter. J. Safra Sarasin Holding AG now owns 6,834 shares of the financial services provider’s stock worth $1,190,000 after acquiring an additional 3,008 shares during the period. 69.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on FSV. Wall Street Zen downgraded shares of FirstService from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Weiss Ratings reiterated a “hold (c+)” rating on shares of FirstService in a research report on Monday, December 22nd. Raymond James Financial lowered their price objective on FirstService from $225.00 to $215.00 and set an “outperform” rating on the stock in a research report on Monday, October 27th. BMO Capital Markets set a $209.00 target price on FirstService and gave the company an “outperform” rating in a research note on Friday, October 24th. Finally, CIBC decreased their price target on shares of FirstService from $225.00 to $216.00 and set an “outperform” rating on the stock in a research note on Friday, October 24th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $211.83.

FirstService Price Performance

FirstService stock opened at $158.23 on Thursday. The business has a 50 day simple moving average of $155.99 and a 200 day simple moving average of $175.23. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.77 and a quick ratio of 1.77. The company has a market capitalization of $7.23 billion, a PE ratio of 52.39, a price-to-earnings-growth ratio of 2.73 and a beta of 1.06. FirstService Corporation has a one year low of $147.23 and a one year high of $209.66.

FirstService Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 31st were paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Wednesday, December 31st. FirstService’s payout ratio is currently 36.42%.

FirstService Company Profile

FirstService Corporation, founded in 1989 and headquartered in Toronto, Ontario, is a leading provider of property services in North America. The company operates through two principal segments—FirstService Residential and FirstService Brands—offering a broad range of services to residential, commercial and homeowner association clients.

FirstService Residential delivers community management, financial oversight and consulting services to thousands of residential communities across the United States and Canada.