BrightView (NYSE:BV) Shares Gap Down - What's Next?

BrightView Holdings, Inc. (NYSE:BV - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $18.25, but opened at $16.74. BrightView shares last traded at $17.18, with a volume of 121,145 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BV. The Goldman Sachs Group boosted their price target on BrightView from $10.00 to $11.30 and gave the company a "sell" rating in a report on Friday, August 2nd. JPMorgan Chase & Co. upped their price objective on BrightView from $11.00 to $14.00 and gave the stock an "underweight" rating in a research note on Friday, August 2nd. Baird R W upgraded BrightView from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 30th. Robert W. Baird upped their price objective on BrightView from $18.00 to $20.00 and gave the stock an "outperform" rating in a research note on Thursday. Finally, Jefferies Financial Group upgraded BrightView from a "hold" rating to a "buy" rating and upped their price objective for the stock from $13.00 to $17.00 in a research note on Wednesday, August 21st. Two research analysts have rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, BrightView has a consensus rating of "Moderate Buy" and a consensus target price of $15.90.

BrightView Trading Down 13.4 %

The business has a 50-day simple moving average of $16.21 and a two-hundred day simple moving average of $14.64. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 131.76 and a beta of 1.28. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.45 and a quick ratio of 1.45.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BV. Vanguard Group Inc. grew its holdings in BrightView by 4.8% during the 1st quarter. Vanguard Group Inc. now owns 4,031,524 shares of the company's stock worth $47,975,000 after acquiring an additional 185,327 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of BrightView by 28.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,140,676 shares of the company's stock worth $41,772,000 after purchasing an additional 695,987 shares in the last quarter. Driehaus Capital Management LLC bought a new position in shares of BrightView during the 2nd quarter worth about $13,086,000. Telemark Asset Management LLC increased its position in BrightView by 14.3% in the 3rd quarter. Telemark Asset Management LLC now owns 800,000 shares of the company's stock valued at $12,592,000 after buying an additional 100,000 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in BrightView in the 2nd quarter valued at about $9,857,000. 92.41% of the stock is currently owned by institutional investors and hedge funds.

BrightView Company 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.