Alliancebernstein L.P. Sells 194,439 Shares of BrightView Holdings, Inc. (NYSE:BV)

Alliancebernstein L.P. trimmed its stake in shares of BrightView Holdings, Inc. (NYSE:BV - Free Report) by 9.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,976,263 shares of the company's stock after selling 194,439 shares during the quarter. Alliancebernstein L.P. owned approximately 2.07% of BrightView worth $31,600,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in BV. Boston Partners increased its holdings in BrightView by 514.6% in the fourth quarter. Boston Partners now owns 579,159 shares of the company's stock worth $9,260,000 after purchasing an additional 484,928 shares in the last quarter. Geode Capital Management LLC grew its holdings in BrightView by 18.2% in the third quarter. Geode Capital Management LLC now owns 1,337,545 shares of the company's stock worth $21,057,000 after purchasing an additional 206,359 shares during the period. State Street Corp increased its stake in BrightView by 17.1% in the third quarter. State Street Corp now owns 1,211,909 shares of the company's stock valued at $19,075,000 after purchasing an additional 177,105 shares in the last quarter. New York State Common Retirement Fund raised its holdings in shares of BrightView by 29.9% during the fourth quarter. New York State Common Retirement Fund now owns 512,666 shares of the company's stock valued at $8,198,000 after purchasing an additional 117,871 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in BrightView by 263.6% in the fourth quarter. JPMorgan Chase & Co. now owns 161,056 shares of the company's stock worth $2,575,000 after acquiring an additional 116,758 shares in the last quarter. 92.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Morgan Stanley raised their price objective on shares of BrightView from $15.00 to $16.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $17.41.

BrightView Stock Performance

Shares of BV traded up $0.26 on Friday, reaching $13.18. 396,198 shares of the company's stock traded hands, compared to its average volume of 625,440. The stock's 50 day simple moving average is $13.37 and its two-hundred day simple moving average is $15.33. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.63. BrightView Holdings, Inc. has a 52-week low of $10.69 and a 52-week high of $18.89. The stock has a market cap of $1.26 billion, a PE ratio of 73.21 and a beta of 1.26.

BrightView Company Profile

BrightView Holdings, Inc, through its subsidiaries, provides commercial landscaping services in the United States. It operates through two segments, Maintenance Services and Development Services. The Maintenance Services segment delivers a suite of recurring commercial landscaping services, including mowing, gardening, mulching and snow removal, water management, irrigation maintenance, tree care, golf course maintenance, and specialty turf maintenance.