Jane Street Group LLC cut its holdings in FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 73.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,491 shares of the financial services provider's stock after selling 12,588 shares during the period. Jane Street Group LLC's holdings in FirstService were worth $819,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Benjamin Edwards Inc. increased its position in FirstService by 35.0% during the second quarter. Benjamin Edwards Inc. now owns 351 shares of the financial services provider's stock worth $53,000 after buying an additional 91 shares in the last quarter. Venturi Wealth Management LLC purchased a new stake in FirstService during the 3rd quarter worth about $66,000. Benjamin F. Edwards & Company Inc. raised its stake in FirstService by 49.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 416 shares of the financial services provider's stock valued at $63,000 after purchasing an additional 138 shares during the last quarter. Hardy Reed LLC acquired a new position in FirstService in the 3rd quarter valued at about $217,000. Finally, Private Advisor Group LLC purchased a new position in FirstService in the 3rd quarter valued at about $220,000. 69.35% of the stock is owned by institutional investors and hedge funds.
FirstService Trading Down 1.2 %
Shares of FSV traded down $2.14 during mid-day trading on Thursday, reaching $178.88. The company had a trading volume of 51,525 shares, compared to its average volume of 84,987. FirstService Co. has a fifty-two week low of $141.26 and a fifty-two week high of $197.84. The firm has a fifty day simple moving average of $187.94 and a 200-day simple moving average of $177.49. The stock has a market cap of $8.10 billion, a price-to-earnings ratio of 74.53 and a beta of 1.04. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 1.13.
FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last issued its earnings results on Thursday, October 24th. The financial services provider reported $1.63 earnings per share for the quarter, beating analysts' consensus estimates of $1.42 by $0.21. The firm had revenue of $1.40 billion for the quarter, compared to analysts' expectations of $1.32 billion. FirstService had a return on equity of 16.68% and a net margin of 2.19%. The firm's revenue for the quarter was up 25.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.18 earnings per share. On average, sell-side analysts anticipate that FirstService Co. will post 4.58 EPS for the current fiscal year.
FirstService Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Tuesday, December 31st will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 0.56%. FirstService's payout ratio is 41.67%.
Analyst Ratings Changes
FSV has been the subject of a number of recent research reports. Stifel Nicolaus lifted their price target on shares of FirstService from $200.00 to $215.00 and gave the stock a "buy" rating in a report on Monday, October 21st. Scotiabank boosted their price target on FirstService from $190.00 to $200.00 and gave the company a "sector perform" rating in a report on Tuesday, October 15th. TD Securities increased their price target on FirstService from $179.00 to $182.00 and gave the stock a "hold" rating in a research note on Thursday, October 17th. Finally, StockNews.com raised FirstService from a "hold" rating to a "buy" rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $198.33.
Check Out Our Latest Stock Analysis on FSV
FirstService Profile
(
Free Report)
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.
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