How FirstService Corp (FSV) Stacks Up Against Its Peers

Consequently, key hedge funds have been driving this bullishness. Israel Englander of Millennium Management initiated the biggest position in FirstService Corp (FSV). Millennium Management had $0.3 million invested in the company at the end of the quarter.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as FirstService Corp but similarly valued. These stocks are Fabrinet (NYSE:FN), NxStage Medical, Inc. (NASDAQ:NXTM), Northwest Bancshares, Inc. (NASDAQ:NWBI), and Government Properties Income Trust (NYSE:GOV). This group of stocks’ market caps are closest to FSV’s market cap.

As you can see these stocks had an average of 16 hedge funds with bullish positions and the average amount invested in these stocks was $164 million. That figure was $112 million in FSV’s case. NxStage Medical, Inc. (NASDAQ:NXTM) is the most popular stock in this table. On the other hand Government Properties Income Trust (NYSE:GOV) is the least popular one with only 6 bullish hedge fund positions. FirstService Corp (NASDAQ:FSV) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard NXTM might be a better candidate to consider taking a long position in.

Disclosure: None