FirstService Corporation $FSV Shares Bought by Ewing Morris & Co. Investment Partners Ltd.

Ewing Morris & Co. Investment Partners Ltd. grew its position in shares of FirstService Corporation (NASDAQ:FSV) (TSE:FSV) by 35.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,967 shares of the financial services provider’s stock after purchasing an additional 5,267 shares during the quarter. FirstService makes up about 1.5% of Ewing Morris & Co. Investment Partners Ltd.’s portfolio, making the stock its 22nd biggest holding. Ewing Morris & Co. Investment Partners Ltd.’s holdings in FirstService were worth $2,843,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. JPL Wealth Management LLC acquired a new stake in shares of FirstService in the third quarter valued at about $26,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of FirstService by 88.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 173 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 81 shares during the period. Kestra Advisory Services LLC purchased a new stake in shares of FirstService during the 4th quarter valued at approximately $34,000. Geneos Wealth Management Inc. lifted its position in FirstService by 63.7% in the second quarter. Geneos Wealth Management Inc. now owns 203 shares of the financial services provider’s stock valued at $35,000 after buying an additional 79 shares during the last quarter. Finally, Strs Ohio purchased a new position in shares of FirstService during the first quarter worth $38,000. Institutional investors and hedge funds own 69.35% of the company’s stock.

FirstService Stock Performance

FSV stock opened at $138.10 on Thursday. FirstService Corporation has a 1 year low of $119.41 and a 1 year high of $209.66. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.63 and a current ratio of 1.63. The stock has a market capitalization of $6.03 billion, a price-to-earnings ratio of 39.12, a PEG ratio of 3.09 and a beta of 0.93. The stock’s fifty day moving average is $142.64 and its two-hundred day moving average is $142.08.

FirstService (NASDAQ:FSV) (TSE:FSV) last posted its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.04. FirstService had a net margin of 2.88% and a return on equity of 18.07%. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the business earned $1.71 earnings per share. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, research analysts predict that FirstService Corporation will post 5.61 EPS for the current year.

Analyst Ratings Changes

FSV has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of FirstService from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $144.00 target price on shares of FirstService in a report on Friday, July 24th. Scotiabank set a $170.00 price target on shares of FirstService in a report on Friday, July 24th. Weiss Ratings reiterated a “hold (c-)” rating on shares of FirstService in a research report on Wednesday, August 26th. Finally, TD Securities reiterated a “buy” rating and set a $195.00 price objective on shares of FirstService in a report on Friday, July 24th. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, FirstService presently has an average rating of “Moderate Buy” and an average target price of $184.20.

FirstService Company Profile

FirstService Corporation, founded in 1989 and headquartered in Toronto, Ontario, is a leading provider of property services in North America. The company operates through two principal segments—FirstService Residential and FirstService Brands—offering a broad range of services to residential, commercial and homeowner association clients.

FirstService Residential delivers community management, financial oversight and consulting services to thousands of residential communities across the United States and Canada.