Should You Buy FirstService Corp (FSV)?

Now, specific money managers were leading the bulls’ herd. MAK Capital One made a $2,000 investment in the stock during the quarter.

Let’s go over hedge fund activity in other stocks similar to FirstService Corp (NASDAQ:FSV). We will take a look at Axiall Corp (NYSE:AXLL), Benchmark Electronics, Inc. (NYSE:BHE), Emergent Biosolutions Inc (NYSE:EBS), and Lexicon Pharmaceuticals, Inc. (NASDAQ:LXRX). All of these stocks’ market caps are similar to FIRSTSERVICE CORPORATION (NASDAQ:FSV)’s market cap.

As you can see, these stocks had an average of 21 hedge funds with bullish positions and the average amount invested in these stocks was $170 million. That figure was $64 million in FIRSTSERVICE CORPORATION (NASDAQ:FSV)’s case. Axiall Corp (NYSE:AXLL) is the most popular stock in this table. On the other hand, Emergent Biosolutions Inc (NYSE:EBS) is the least popular one with only 17 bullish hedge fund positions. Compared to these stocks, FirstService Corp (NASDAQ:FSV) is even less popular than Emergent Biosolutions Inc (NYSE:EBS). Considering that hedge funds aren’t fond of this stock in relation to other companies analyzed in this article, it may be a good idea to analyze it in detail and understand why the smart money isn’t behind this stock. This isn’t necessarily bad news. Although it is possible that hedge funds may think the stock is overpriced and view the stock as a short candidate, they may not be very familiar with the bullish thesis. In either case, more research is warranted.