FirstService Corporation $FSV Shares Sold by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC lessened its holdings in FirstService Corporation (NASDAQ:FSV) (TSE:FSV) by 8.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,856 shares of the financial services provider’s stock after selling 606 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in FirstService were worth $1,197,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in FSV. Aviva PLC raised its stake in shares of FirstService by 9.8% during the 2nd quarter. Aviva PLC now owns 28,972 shares of the financial services provider’s stock worth $5,055,000 after buying an additional 2,578 shares during the period. Metis Global Partners LLC purchased a new stake in FirstService during the 2nd quarter worth approximately $223,000. Sustainable Insight Capital Management LLC raised its holdings in shares of FirstService by 68.8% during the second quarter. Sustainable Insight Capital Management LLC now owns 4,417 shares of the financial services provider’s stock valued at $771,000 after acquiring an additional 1,800 shares during the last quarter. Jacobson & Schmitt Advisors LLC lifted its position in shares of FirstService by 0.5% in the second quarter. Jacobson & Schmitt Advisors LLC now owns 96,753 shares of the financial services provider’s stock valued at $16,895,000 after acquiring an additional 442 shares in the last quarter. Finally, Geneva Capital Management LLC lifted its position in shares of FirstService by 6.2% in the second quarter. Geneva Capital Management LLC now owns 384,665 shares of the financial services provider’s stock valued at $67,170,000 after acquiring an additional 22,372 shares in the last quarter. 69.35% of the stock is owned by hedge funds and other institutional investors.

FirstService Stock Down 0.2%

FSV stock opened at $156.35 on Thursday. FirstService Corporation has a one year low of $149.13 and a one year high of $209.66. The firm has a market cap of $7.15 billion, a PE ratio of 51.77 and a beta of 0.99. The firm’s 50 day moving average price is $182.37 and its 200-day moving average price is $182.85. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.76 and a current ratio of 1.73.

FirstService (NASDAQ:FSV) (TSE:FSV) last posted its earnings results on Thursday, October 23rd. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.76. FirstService had a return on equity of 17.98% and a net margin of 2.53%.The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter last year, the firm earned $1.63 earnings per share. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, equities research analysts anticipate that FirstService Corporation will post 5.27 EPS for the current year.

FirstService Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 7th. Stockholders of record on Tuesday, September 30th were issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Tuesday, September 30th. FirstService’s dividend payout ratio is currently 36.42%.

Wall Street Analyst Weigh In

Several analysts recently commented on FSV shares. Weiss Ratings cut FirstService from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, November 7th. Stifel Nicolaus dropped their target price on shares of FirstService from $230.00 to $215.00 and set a “buy” rating for the company in a report on Monday, October 27th. Wall Street Zen cut shares of FirstService from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Zacks Research lowered shares of FirstService from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Finally, Raymond James Financial lowered their price target on shares of FirstService from $225.00 to $215.00 and set an “outperform” rating on the stock in a research report on Monday, October 27th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $211.83.

FirstService Profile

FirstService Corporation, together with its subsidiaries, provides residential property management and other essential property services to residential and commercial customers in the United States and Canada. It operates through two segments: FirstService Residential and FirstService Brands. The FirstService Residential segment offers services for private residential communities, such as condominiums, co-operatives, homeowner associations, master-planned communities, active adult and lifestyle communities, and various other residential developments.