Eos Management L.P. Purchases 4,004 Shares of FirstService Co. (NASDAQ:FSV)

Eos Management L.P. boosted its position in FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 43.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,182 shares of the financial services provider’s stock after buying an additional 4,004 shares during the quarter. 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.

Other hedge funds have also recently made changes to their positions in the company. Versant Capital Management Inc purchased a new stake in shares of FirstService during the 4th quarter valued at approximately $29,000. Trust Co. of Vermont bought a new stake in FirstService during the 4th quarter valued at $46,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of FirstService during the third quarter worth $53,000. Venturi Wealth Management LLC bought a new position in shares of FirstService in the third quarter worth $66,000. Finally, Blue Trust Inc. grew its position in shares of 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 in the last quarter. 69.35% of the stock is currently owned by institutional investors.

FirstService Price Performance

NASDAQ:FSV opened at $166.00 on Tuesday. FirstService Co. has a 52-week low of $141.26 and a 52-week high of $197.84. The stock has a fifty day moving average of $178.15 and a 200 day moving average of $182.50. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.79 and a current ratio of 1.75. The firm has a market capitalization of $7.54 billion, a price-to-earnings ratio of 55.89 and a beta of 1.12.

FirstService Increases Dividend

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

Analyst Ratings Changes

A number of brokerages recently issued reports on FSV. Raymond James increased their price objective on FirstService from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. StockNews.com cut FirstService from a “buy” rating to a “hold” rating in a research report on Friday. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $201.67.

FirstService 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.