Telemark Asset Management LLC Acquires 100,000 Shares of BrightView Holdings, Inc. (NYSE:BV)

Telemark Asset Management LLC raised its position in BrightView Holdings, Inc. (NYSE:BV - Free Report) by 14.3% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 800,000 shares of the company's stock after buying an additional 100,000 shares during the period. BrightView comprises approximately 1.3% of Telemark Asset Management LLC's holdings, making the stock its 28th largest holding. Telemark Asset Management LLC owned about 0.85% of BrightView worth $12,592,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in BV. Innealta Capital LLC acquired a new stake in BrightView during the 2nd quarter worth $102,000. Quest Partners LLC acquired a new stake in shares of BrightView during the third quarter worth $153,000. Kathmere Capital Management LLC bought a new stake in BrightView in the second quarter valued at about $133,000. SG Americas Securities LLC lifted its stake in BrightView by 73.1% in the third quarter. SG Americas Securities LLC now owns 13,563 shares of the company's stock valued at $213,000 after buying an additional 5,727 shares during the period. Finally, Intech Investment Management LLC bought a new position in BrightView during the third quarter worth about $251,000. 92.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BV has been the subject of a number of analyst reports. Jefferies Financial Group upgraded shares of BrightView from a "hold" rating to a "buy" rating and boosted their price objective for the company from $13.00 to $17.00 in a report on Wednesday, August 21st. The Goldman Sachs Group boosted 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. Loop Capital increased their price target on BrightView from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Friday, November 15th. William Blair upgraded BrightView from a "market perform" rating to an "outperform" rating in a report on Friday, November 15th. Finally, Robert W. Baird increased their target price on BrightView from $18.00 to $20.00 and gave the stock an "outperform" rating in a research note on Thursday, November 14th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, BrightView presently has an average rating of "Moderate Buy" and an average target price of $16.41.

Insider Transactions at BrightView

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

BrightView Stock Up 2.2 %

NYSE:BV traded up $0.37 during trading hours on Friday, reaching $17.03. 590,434 shares of the stock were exchanged, compared to its average volume of 622,427. The stock has a market cap of $1.62 billion, a PE ratio of 151.47 and a beta of 1.28. BrightView Holdings, Inc. has a twelve month low of $7.29 and a twelve month high of $18.89. The firm has a 50 day moving average of $16.32 and a 200 day moving average of $14.78. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.44 and a quick ratio of 1.44.

BrightView (NYSE:BV - Get Free Report) last issued its quarterly earnings results on Wednesday, November 13th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.28 by $0.02. The firm had revenue of $728.70 million for the quarter, compared to analysts' expectations of $723.01 million. BrightView had a net margin of 2.40% and a return on equity of 7.65%. The company's revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 EPS. On average, equities analysts expect that BrightView Holdings, Inc. will post 0.76 earnings per share for the current year.

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.