BrightView Holdings, Inc. (NYSE:BV) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its stake in BrightView Holdings, Inc. (NYSE:BV - Free Report) by 14.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 863,192 shares of the company's stock after selling 141,240 shares during the period. Charles Schwab Investment Management Inc. owned about 0.91% of BrightView worth $13,587,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in BV. Thompson Siegel & Walmsley LLC raised its stake in shares of BrightView by 704.9% during the third quarter. Thompson Siegel & Walmsley LLC now owns 339,054 shares of the company's stock valued at $5,337,000 after acquiring an additional 296,931 shares during the last quarter. Intech Investment Management LLC purchased a new stake in BrightView in the 3rd quarter worth approximately $251,000. Quest Partners LLC purchased a new position in shares of BrightView during the third quarter valued at approximately $153,000. Natixis Advisors LLC raised its holdings in shares of BrightView by 49.1% during the third quarter. Natixis Advisors LLC now owns 74,222 shares of the company's stock valued at $1,168,000 after acquiring an additional 24,443 shares in the last quarter. Finally, Empowered Funds LLC increased its position in BrightView by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 473,857 shares of the company's stock valued at $7,459,000 after purchasing an additional 24,120 shares during the period. 92.41% of the stock is owned by hedge funds and other institutional investors.

BrightView Trading Down 3.0 %

BV traded down $0.51 during trading hours on Monday, reaching $16.71. 256,790 shares of the company's stock traded hands, compared to its average volume of 617,727. BrightView Holdings, Inc. has a 52-week low of $7.75 and a 52-week high of $18.89. The firm has a market capitalization of $1.59 billion, a PE ratio of 156.56 and a beta of 1.30. The firm has a 50-day moving average price of $16.72 and a 200 day moving average price of $15.13. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.63.

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

Analysts Set New Price Targets

BV has been the topic of several research analyst reports. BTIG Research assumed coverage on shares of BrightView in a research report on Monday, December 2nd. They set a "buy" rating and a $22.00 price target on the stock. The Goldman Sachs Group increased their target price on BrightView from $11.30 to $12.90 and gave the stock a "sell" rating in a research report on Friday, November 15th. Loop Capital lifted their price target on BrightView from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Friday, November 15th. William Blair raised BrightView from a "market perform" rating to an "outperform" rating in a research report on Friday, November 15th. Finally, Robert W. Baird increased their price target on shares of BrightView from $18.00 to $20.00 and gave the stock 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $17.11.

Insider Buying and Selling

In other BrightView news, EVP Jonathan Mark Gottsegen sold 29,658 shares of the firm'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 sale, the executive vice president now directly owns 100,354 shares of the company's stock, valued at approximately $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 accessible through this hyperlink. 2.40% of the stock is 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.