Barclays PLC Has $1.76 Million Position in BrightView Holdings, Inc. (NYSE:BV)

Barclays PLC increased its position in BrightView Holdings, Inc. (NYSE:BV - Free Report) by 133.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 111,969 shares of the company's stock after purchasing an additional 64,035 shares during the period. Barclays PLC owned about 0.12% of BrightView worth $1,762,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp lifted its position in shares of BrightView by 17.1% in the third quarter. State Street Corp now owns 1,211,909 shares of the company's stock worth $19,075,000 after purchasing an additional 177,105 shares in the last quarter. Thompson Siegel & Walmsley LLC bought a new stake in BrightView in the second quarter worth approximately $560,000. Driehaus Capital Management LLC acquired a new position in shares of BrightView during the 2nd quarter worth $13,086,000. Telemark Asset Management LLC raised its holdings in shares of BrightView by 14.3% during the 3rd quarter. Telemark Asset Management LLC now owns 800,000 shares of the company's stock valued at $12,592,000 after purchasing an additional 100,000 shares in the last quarter. Finally, Harvey Partners LLC boosted its holdings in BrightView by 9.1% in the third quarter. Harvey Partners LLC now owns 1,870,000 shares of the company's stock worth $29,434,000 after purchasing an additional 156,500 shares in the last quarter. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

BrightView Stock Performance

NYSE BV traded down $0.36 during midday trading on Friday, hitting $16.04. The company had a trading volume of 357,386 shares, compared to its average volume of 608,546. The firm has a fifty day simple moving average of $16.79 and a two-hundred day simple moving average of $15.39. BrightView Holdings, Inc. has a fifty-two week low of $7.75 and a fifty-two week high of $18.89. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.63. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 145.83 and a beta of 1.30.

BrightView (NYSE:BV - Get Free Report) last released its earnings results on Wednesday, November 13th. The company reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.02. The business had revenue of $728.70 million for the quarter, compared to the consensus estimate of $723.01 million. BrightView had a return on equity of 7.65% and a net margin of 2.40%. The firm's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period last year, the business earned $0.14 earnings per share. Equities analysts forecast that BrightView Holdings, Inc. will post 0.75 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. William Blair upgraded BrightView from a "market perform" rating to an "outperform" rating in a report on Friday, November 15th. BTIG Research started coverage on BrightView in a report on Monday, December 2nd. They issued a "buy" rating and a $22.00 target price for the company. The Goldman Sachs Group increased their price target on BrightView from $11.30 to $12.90 and gave the company a "sell" rating in a report on Friday, November 15th. Loop Capital boosted their price objective on shares of BrightView from $18.00 to $20.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Finally, Robert W. Baird raised their target price on shares of BrightView from $18.00 to $20.00 and gave the company an "outperform" rating in a research note on Thursday, November 14th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, BrightView presently has a consensus rating of "Moderate Buy" and an average target price of $17.11.

Insider Activity

In other BrightView news, EVP Jonathan Mark Gottsegen sold 29,658 shares of the firm's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $16.06, for a total transaction of $476,307.48. Following the completion of the transaction, the executive vice president now owns 100,354 shares in the company, valued at $1,611,685.24. This trade represents a 22.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.40% of the stock is currently owned by company insiders.

About BrightView

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.