BrightView Holdings, Inc. (NYSE:BV) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd cut its holdings in BrightView Holdings, Inc. (NYSE:BV - Free Report) by 62.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,985 shares of the company's stock after selling 35,813 shares during the period. Dynamic Technology Lab Private Ltd's holdings in BrightView were worth $346,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in BV. Innealta Capital LLC purchased a new stake in shares of BrightView in the 2nd quarter valued at approximately $102,000. Kathmere Capital Management LLC acquired a new stake in BrightView in the 2nd quarter valued at approximately $133,000. Quest Partners LLC acquired a new position in BrightView during the third quarter worth $153,000. SG Americas Securities LLC boosted its position in shares of BrightView by 73.1% during the third quarter. SG Americas Securities LLC now owns 13,563 shares of the company's stock worth $213,000 after buying an additional 5,727 shares during the period. Finally, Arizona State Retirement System grew its stake in shares of BrightView by 48.4% in the second quarter. Arizona State Retirement System now owns 17,177 shares of the company's stock valued at $228,000 after buying an additional 5,601 shares in the last quarter. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other BrightView news, EVP Jonathan Mark Gottsegen sold 29,658 shares of the business's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $16.06, for a total value of $476,307.48. Following the completion of the sale, the executive vice president now owns 100,354 shares in the company, valued at approximately $1,611,685.24. The trade was a 22.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.40% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on BV shares. William Blair raised BrightView from a "market perform" rating to an "outperform" rating in a research note on Friday, November 15th. 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 research report on Friday, November 15th. The Goldman Sachs Group upped their price objective on BrightView from $11.30 to $12.90 and gave the stock a "sell" rating in a research report on Friday, November 15th. Morgan Stanley started coverage on BrightView in a research note on Thursday, August 22nd. They set an "equal weight" rating and a $16.00 target price for the company. Finally, Jefferies Financial Group raised BrightView from a "hold" rating to a "buy" rating and increased their price target for the company from $13.00 to $17.00 in a research report on Wednesday, August 21st. Two analysts have rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $16.41.

BrightView Stock Up 0.8 %

NYSE BV traded up $0.14 during trading on Friday, reaching $17.10. 145,482 shares of the company's stock were exchanged, compared to its average volume of 525,065. The company has a 50 day moving average price of $16.51 and a two-hundred day moving average price of $14.99. The stock has a market cap of $1.62 billion, a P/E ratio of 155.47 and a beta of 1.28. BrightView Holdings, Inc. has a 1 year low of $7.53 and a 1 year high of $18.89. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.44 and a current ratio of 1.44.

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

BrightView 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.