BrightView Holdings, Inc. (NYSE:BV) Shares Sold by Bailard Inc.

Bailard Inc. lowered its stake in shares of BrightView Holdings, Inc. (NYSE:BV - Free Report) by 66.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,500 shares of the company's stock after selling 20,800 shares during the period. Bailard Inc.'s holdings in BrightView were worth $168,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. New York State Common Retirement Fund raised its stake in shares of BrightView by 29.9% in the 4th quarter. New York State Common Retirement Fund now owns 512,666 shares of the company's stock valued at $8,198,000 after acquiring an additional 117,871 shares during the period. Principal Financial Group Inc. raised its stake in shares of BrightView by 9.6% in the 4th quarter. Principal Financial Group Inc. now owns 50,359 shares of the company's stock valued at $805,000 after acquiring an additional 4,430 shares during the period. Rhumbline Advisers raised its stake in shares of BrightView by 1.0% in the 4th quarter. Rhumbline Advisers now owns 82,520 shares of the company's stock valued at $1,319,000 after acquiring an additional 831 shares during the period. New York State Teachers Retirement System raised its stake in shares of BrightView by 32.1% in the 4th quarter. New York State Teachers Retirement System now owns 5,326 shares of the company's stock valued at $85,000 after acquiring an additional 1,293 shares during the period. Finally, Empowered Funds LLC raised its stake in shares of BrightView by 5.1% in the 4th quarter. Empowered Funds LLC now owns 498,185 shares of the company's stock valued at $7,966,000 after acquiring an additional 24,328 shares during the period. Hedge funds and other institutional investors own 92.41% of the company's stock.

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Analysts Set New Price Targets

BV has been the subject of a number of recent analyst reports. Loop Capital raised their price target on shares of BrightView from $18.00 to $20.00 and gave the company a "buy" rating in a report on Friday, November 15th. The Goldman Sachs Group raised their price target on shares of BrightView from $11.30 to $12.90 and gave the company a "sell" rating in a report on Friday, November 15th. Morgan Stanley raised their price target on shares of BrightView from $15.00 to $16.00 and gave the company an "equal weight" rating in a report on Thursday, December 12th. Robert W. Baird raised their price target on shares of BrightView from $18.00 to $20.00 and gave the company an "outperform" rating in a report on Thursday, November 14th. Finally, William Blair raised shares of BrightView from a "market perform" rating to an "outperform" rating in a report on Friday, November 15th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $17.41.

BrightView Stock Down 0.2 %

BV stock traded down $0.03 during mid-day trading on Friday, hitting $12.38. 898,497 shares of the company were exchanged, compared to its average volume of 614,309. The company has a market capitalization of $1.18 billion, a PE ratio of 68.75 and a beta of 1.32. 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 twelve month low of $9.55 and a twelve month high of $18.89. The firm has a fifty day simple moving average of $14.87 and a 200 day simple moving average of $15.79.

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.