Sei Investments Co. Lowers Stock Position in BrightView Holdings, Inc. (NYSE:BV)

Sei Investments Co. lessened its holdings in BrightView Holdings, Inc. (NYSE:BV - Free Report) by 27.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 174,984 shares of the company's stock after selling 66,236 shares during the period. Sei Investments Co. owned about 0.18% of BrightView worth $2,798,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. State Street Corp boosted its stake in BrightView by 17.1% in the third quarter. State Street Corp now owns 1,211,909 shares of the company's stock valued at $19,075,000 after acquiring an additional 177,105 shares in the last quarter. Barclays PLC lifted its position in BrightView by 133.6% during the third quarter. Barclays PLC now owns 111,969 shares of the company's stock valued at $1,762,000 after purchasing an additional 64,035 shares during the period. Principal Financial Group Inc. purchased a new stake in shares of BrightView in the third quarter worth about $723,000. Geode Capital Management LLC grew its stake in shares of BrightView by 18.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,337,545 shares of the company's stock worth $21,057,000 after purchasing an additional 206,359 shares during the period. Finally, BNP Paribas Financial Markets grew its position in BrightView by 4.6% during the third quarter. BNP Paribas Financial Markets now owns 24,184 shares of the company's stock valued at $381,000 after buying an additional 1,056 shares during the period. Hedge funds and other institutional investors own 92.41% of the company's stock.

BrightView Trading Up 8.5 %

BrightView stock traded up $1.03 during trading on Wednesday, reaching $13.23. 793,786 shares of the company were exchanged, compared to its average volume of 629,165. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.43 and a quick ratio of 1.43. BrightView Holdings, Inc. has a 52-week low of $10.69 and a 52-week high of $18.89. The stock's 50 day simple moving average is $13.48 and its two-hundred day simple moving average is $15.36. The company has a market capitalization of $1.26 billion, a P/E ratio of 73.51 and a beta of 1.26.

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Analyst Ratings Changes

Separately, Morgan Stanley increased their price target on BrightView from $15.00 to $16.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $17.41.

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.