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

Eos Management L.P. grew its holdings in FirstService Corporation (NASDAQ:FSV) (TSE:FSV) by 36.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,047 shares of the financial services provider’s stock after purchasing 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 position. Eos Management L.P.’s holdings in FirstService were worth $3,438,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of FSV. DekaBank Deutsche Girozentrale lifted its stake in FirstService by 0.9% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 6,092 shares of the financial services provider’s stock worth $1,051,000 after acquiring an additional 52 shares in the last quarter. Evergreen Capital Management LLC increased its holdings in shares of FirstService by 5.6% in the 2nd quarter. Evergreen Capital Management LLC now owns 1,462 shares of the financial services provider’s stock valued at $256,000 after purchasing an additional 77 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of FirstService by 63.7% in the second quarter. Geneos Wealth Management Inc. now owns 203 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 79 shares in the last quarter. Vista Finance LLC boosted its holdings in shares of FirstService by 4.1% during the second quarter. Vista Finance LLC now owns 2,081 shares of the financial services provider’s stock worth $363,000 after purchasing an additional 81 shares during the period. Finally, Accretive Wealth Partners LLC grew its position in FirstService by 1.3% during the second quarter. Accretive Wealth Partners LLC now owns 6,883 shares of the financial services provider’s stock valued at $1,202,000 after purchasing an additional 88 shares in the last quarter. Hedge funds and other institutional investors own 69.35% of the company’s stock.

FirstService Price Performance

Shares of NASDAQ:FSV opened at $158.23 on Thursday. FirstService Corporation has a fifty-two week low of $147.23 and a fifty-two week high of $209.66. The business has a 50-day moving average of $155.99 and a two-hundred day moving average of $175.23. The stock has a market capitalization of $7.23 billion, a P/E ratio of 52.39, a P/E/G ratio of 2.73 and a beta of 1.06. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.77 and a quick ratio of 1.77.

FirstService Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, December 31st. FirstService’s dividend payout ratio (DPR) is 36.42%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on FSV shares. Wall Street Zen downgraded shares of FirstService from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Raymond James Financial dropped their price target on shares of FirstService from $225.00 to $215.00 and set an “outperform” rating on the stock in a research note on Monday, October 27th. CIBC reduced their price objective on FirstService from $225.00 to $216.00 and set an “outperform” rating for the company in a research report on Friday, October 24th. Stifel Nicolaus dropped their target price on FirstService from $230.00 to $215.00 and set a “buy” rating on the stock in a research report on Monday, October 27th. Finally, TD Securities cut their price target on FirstService from $213.00 to $211.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $211.83.

About FirstService

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.