BB&T Securities LLC grew its position in FirstService Corp (NASDAQ:FSV) (TSE:FSV) by 3.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,149 shares of the financial services provider’s stock after acquiring an additional 695 shares during the quarter. BB&T Securities LLC owned about 0.06% of FirstService worth $2,463,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FSV. US Bancorp DE increased its holdings in shares of FirstService by 13.7% in the second quarter. US Bancorp DE now owns 2,197 shares of the financial services provider’s stock valued at $211,000 after purchasing an additional 265 shares during the last quarter. Thompson Investment Management Inc. acquired a new stake in shares of FirstService in the second quarter valued at approximately $211,000. BB&T Corp acquired a new stake in shares of FirstService in the second quarter valued at approximately $226,000. Advisor Group Inc. increased its holdings in shares of FirstService by 61.4% in the second quarter. Advisor Group Inc. now owns 2,397 shares of the financial services provider’s stock valued at $230,000 after purchasing an additional 912 shares during the last quarter. Finally, Atria Investments LLC acquired a new stake in shares of FirstService in the second quarter valued at approximately $335,000. Institutional investors and hedge funds own 61.21% of the company’s stock.
FSV stock opened at $87.98 on Thursday. The business has a fifty day moving average of $98.29 and a two-hundred day moving average of $96.99. The company has a quick ratio of 1.46, a current ratio of 1.56 and a debt-to-equity ratio of 4.13. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 48.88 and a beta of 0.81. FirstService Corp has a 52-week low of $64.87 and a 52-week high of $111.08.
FirstService (NASDAQ:FSV) (TSE:FSV) last posted its earnings results on Wednesday, October 23rd. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.13. The company had revenue of $672.30 million during the quarter, compared to analysts’ expectations of $672.71 million. FirstService had a positive return on equity of 26.02% and a negative net margin of 10.98%. The firm’s quarterly revenue was up 32.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.89 earnings per share. As a group, sell-side analysts anticipate that FirstService Corp will post 1.88 EPS for the current year.
Several equities research analysts recently commented on the company. BMO Capital Markets cut their price target on FirstService from $106.00 to $98.00 and set a “market perform” rating for the company in a report on Thursday, October 24th. Royal Bank of Canada cut their price target on FirstService from $110.00 to $106.00 and set a “sector perform” rating for the company in a report on Thursday, October 24th. TD Securities cut their price target on FirstService from $110.00 to $105.00 and set a “hold” rating for the company in a report on Friday, October 25th. Raymond James reaffirmed a “market perform” rating and issued a $95.00 price target on shares of FirstService in a report on Friday, October 25th. Finally, ValuEngine cut FirstService from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $104.40.
FirstService Company Profile
FirstService Corporation, together with its subsidiaries, provides residential property services to residential and commercial customers in the United States and Canada. The company operates through two segments, FirstService Residential and FirstService Brands. The FirstService Residential segment provides property management 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.
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