Eos Management L.P. Has $2.39 Million Stock Position in FirstService Co. (NASDAQ:FSV)

Eos Management L.P. raised its position in FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 43.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 13,182 shares of the financial services provider’s stock after acquiring an additional 4,004 shares during the period. FirstService makes up about 1.0% of Eos Management L.P.’s holdings, making the stock its 21st largest position. Eos Management L.P.’s holdings in FirstService were worth $2,386,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of FSV. US Bancorp DE grew its holdings in shares of FirstService by 29.9% during the third quarter. US Bancorp DE now owns 1,278 shares of the financial services provider’s stock valued at $233,000 after buying an additional 294 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its stake in FirstService by 121.4% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 8,380 shares of the financial services provider’s stock valued at $1,529,000 after purchasing an additional 4,595 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in FirstService during the 3rd quarter valued at about $66,000. Versor Investments LP bought a new stake in FirstService during the 3rd quarter worth approximately $503,000. Finally, Entropy Technologies LP purchased a new stake in shares of FirstService in the third quarter worth approximately $657,000. Institutional investors own 69.35% of the company’s stock.

FirstService Stock Performance

Shares of FirstService stock opened at $166.00 on Tuesday. The business’s fifty day simple moving average is $178.15 and its 200 day simple moving average is $182.50. The company has a current ratio of 1.75, a quick ratio of 1.79 and a debt-to-equity ratio of 1.09. FirstService Co. has a 12 month low of $141.26 and a 12 month high of $197.84. The firm has a market capitalization of $7.54 billion, a P/E ratio of 55.89 and a beta of 1.12.

FirstService Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.66%. This is a boost from FirstService’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, March 31st. FirstService’s payout ratio is presently 37.04%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Raymond James lifted their target price on FirstService from $215.00 to $225.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. StockNews.com downgraded shares of FirstService from a “buy” rating to a “hold” rating in a report on Friday. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $201.67.

FirstService Company 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.