BrightView Holdings, Inc. (NYSE:BV - Get Free Report)'s share price fell 5.4% during trading on Thursday . The stock traded as low as $14.29 and last traded at $15.22. 61,012 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 409,849 shares. The stock had previously closed at $16.10.
Analyst Ratings Changes
A number of research analysts have recently weighed in on the company. Loop Capital lifted their price target on BrightView from $18.00 to $20.00 and gave the company a "buy" rating in a report on Friday, November 15th. BTIG Research assumed coverage on BrightView in a report on Monday, December 2nd. They issued a "buy" rating and a $22.00 target price on the stock. William Blair upgraded shares of BrightView from a "market perform" rating to an "outperform" rating in a report on Friday, November 15th. Robert W. Baird upped their price objective on shares of BrightView from $18.00 to $20.00 and gave the company an "outperform" rating in a research note on Thursday, November 14th. Finally, Morgan Stanley lifted their price objective on BrightView from $15.00 to $16.00 and gave the company 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, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $17.11.
Read Our Latest Analysis on BV
BrightView Stock Performance
The firm has a 50 day moving average price of $16.10 and a 200-day moving average price of $15.90. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.44 and a current ratio of 1.43. The company has a market cap of $1.39 billion, a P/E ratio of 81.03 and a beta of 1.29.
BrightView (NYSE:BV - Get Free Report) last released its quarterly earnings results on Wednesday, November 13th. The company reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.02. BrightView had a net margin of 2.64% and a return on equity of 7.86%. The company had revenue of $728.70 million for the quarter, compared to analyst estimates of $723.01 million. During the same quarter last year, the firm posted $0.14 earnings per share. The company's quarterly revenue was down 2.0% compared to the same quarter last year. On average, research analysts predict that BrightView Holdings, Inc. will post 0.75 EPS for the current year.
Insider Activity
In other BrightView news, EVP Jonathan Mark Gottsegen sold 29,658 shares of the stock in a transaction on Friday, November 15th. The shares were 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 directly owns 100,354 shares of the company's stock, valued at $1,611,685.24. This represents a 22.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.20% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On BrightView
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp increased its holdings in BrightView by 17.1% in the 3rd quarter. State Street Corp now owns 1,211,909 shares of the company's stock valued at $19,075,000 after buying an additional 177,105 shares during the period. Barclays PLC boosted its stake in shares of BrightView by 133.6% in the 3rd 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 in the last quarter. Principal Financial Group Inc. bought a new stake in shares of BrightView in the 3rd quarter worth about $723,000. Geode Capital Management LLC increased its position 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 in the last quarter. Finally, Telemark Asset Management LLC lifted its holdings in BrightView by 14.3% during the 3rd quarter. Telemark Asset Management LLC now owns 800,000 shares of the company's stock valued at $12,592,000 after purchasing an additional 100,000 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors.
About BrightView
(
Get Free Report)
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.
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