FirstService (NASDAQ:FSV) Stock Rating Lowered by StockNews.com

FirstService (NASDAQ:FSV) (TSE:FSV) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

Separately, Raymond James upped their price target on shares of FirstService from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $201.67.

FirstService Stock Down 1.7 %

FSV opened at $166.05 on Thursday. FirstService has a 12 month low of $141.26 and a 12 month high of $197.84. The business has a 50-day moving average of $174.82 and a two-hundred day moving average of $181.38. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.75 and a quick ratio of 1.79. The stock has a market capitalization of $7.55 billion, a price-to-earnings ratio of 55.91 and a beta of 1.12.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Capital A Wealth Management LLC purchased a new position in shares of FirstService in the 4th quarter valued at $218,000. Parr Mcknight Wealth Management Group LLC purchased a new position in FirstService in the fourth quarter valued at about $1,211,000. Public Employees Retirement System of Ohio raised its position in FirstService by 123.6% in the fourth quarter. Public Employees Retirement System of Ohio now owns 15,151 shares of the financial services provider’s stock valued at $2,743,000 after purchasing an additional 8,375 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of FirstService by 8.0% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 94,842 shares of the financial services provider’s stock worth $17,158,000 after purchasing an additional 6,990 shares in the last quarter. Finally, Voloridge Investment Management LLC boosted its position in shares of FirstService by 20.1% in the fourth quarter. Voloridge Investment Management LLC now owns 58,213 shares of the financial services provider’s stock worth $10,538,000 after buying an additional 9,752 shares during the period. 69.35% of the stock is owned by institutional investors and hedge funds.

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.