FirstService Co. (NASDAQ:FSV) Shares Sold by Trexquant Investment LP

Trexquant Investment LP cut its stake in FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 59.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,473 shares of the financial services provider's stock after selling 3,637 shares during the quarter. Trexquant Investment LP's holdings in FirstService were worth $448,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in FSV. Versant Capital Management Inc purchased a new position in FirstService in the fourth quarter worth $29,000. Trust Co. of Vermont purchased a new stake in FirstService in the fourth quarter valued at approximately $46,000. Wilmington Savings Fund Society FSB acquired a new stake in FirstService during the 3rd quarter valued at approximately $53,000. Blue Trust Inc. grew its holdings in FirstService by 158.2% in the fourth quarter. Blue Trust Inc. now owns 728 shares of the financial services provider's stock valued at $133,000 after purchasing an additional 446 shares during the period. Finally, Gitterman Wealth Management LLC purchased a new position in FirstService during the fourth quarter valued at $201,000. 69.35% of the stock is currently owned by institutional investors.

FirstService Price Performance

FirstService stock traded up $0.08 during midday trading on Friday, reaching $172.03. The company's stock had a trading volume of 97,818 shares, compared to its average volume of 108,314. The firm has a market capitalization of $7.82 billion, a PE ratio of 57.92 and a beta of 1.04. FirstService Co. has a fifty-two week low of $141.26 and a fifty-two week high of $197.84. The stock's 50 day simple moving average is $170.12 and its 200 day simple moving average is $179.81. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.79 and a current ratio of 1.75.

FirstService Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 7th. Investors of record on Monday, March 31st were paid a $0.275 dividend. This is an increase from FirstService's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.10 annualized dividend and a yield of 0.64%. FirstService's payout ratio is presently 37.04%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on FSV shares. Raymond James raised their price objective on FirstService from $215.00 to $225.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Scotiabank decreased their price target on shares of FirstService from $217.50 to $210.00 and set a "sector perform" rating for the company in a research report on Thursday. Finally, StockNews.com downgraded FirstService from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $203.33.

About FirstService

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.