Bullboard - Stock Discussion Forum Fiera Capital Corp T.FSZ

Alternate Symbol(s): FRRPF | T.FSZ.DB.B

Fiera Capital Corporation is a Canada-based independent asset management company. The Company delivers customized and multi-asset solutions across public and private market asset classes to institutional, financial intermediary and private wealth clients across North America, Europe and Asia. It offers a range of traditional and non-traditional investment strategies through specialized and... see more

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TSX:FSZ - Post Discussion

Fiera Capital Corp > Oh no, is FSZ going to drop tomorrow to $9.80 or lower?

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Post by CriticalMind55 on Jan 12, 2022 4:42pm

Oh no, is FSZ going to drop tomorrow to $9.80 or lower?

5 analyst have FSZ as Hold for this?

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Comment by Lawyerup on Jan 12, 2022 6:06pm

See how the market reacts tomorrow. FSZ is buying back and canceling 3.5M shares for $35M which should push the stock higher but it depends how much the block of 7.1M go for. Market cap is just over $1B so this represents roughly 10% of the shares of FSZ. It looks to me that RBC probably already has a block buyer, maybe a mutual fund, ETF or whatever. We might see a drop ...more

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Comment by CriticalMind55 on Jan 12, 2022 6:38pm

Yes, I heard from my broker, Fiera Capital Corp. - Secondary Offering from Desjarden is $69,776,000 at $9.80/share, It may drop a day or two then DCA time...

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Comment by BlueJay2020 on Jan 12, 2022 10:28pm

It's always a bit of a worrying sign when a major shareholder heads for the exit. There's no reason to suspect any underlying concerns, but doesn't do anything for sentiment!

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