Geode Capital Management LLC grew its stake in BrightView Holdings, Inc. (NYSE:BV - Free Report) by 18.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,337,545 shares of the company's stock after purchasing an additional 206,359 shares during the quarter. Geode Capital Management LLC owned approximately 1.41% of BrightView worth $21,057,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of BV. Millburn Ridgefield Corp bought a new position in BrightView during the third quarter worth about $45,000. FMR LLC increased its holdings in shares of BrightView by 293.4% during the third quarter. FMR LLC now owns 6,884 shares of the company's stock worth $108,000 after purchasing an additional 5,134 shares during the period. Quest Partners LLC acquired a new stake in shares of BrightView in the third quarter valued at approximately $153,000. Kathmere Capital Management LLC bought a new stake in shares of BrightView in the second quarter valued at approximately $133,000. Finally, XTX Topco Ltd bought a new stake in shares of BrightView in the third quarter valued at approximately $184,000. Institutional investors and hedge funds own 92.41% of the company's stock.
Insider Activity
In related news, EVP Jonathan Mark Gottsegen sold 29,658 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $16.06, for a total transaction of $476,307.48. Following the completion of the transaction, the executive vice president now owns 100,354 shares in the company, valued at approximately $1,611,685.24. This represents a 22.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.40% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the stock. Loop Capital boosted their price objective on shares of BrightView from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Friday, November 15th. The Goldman Sachs Group lifted their target price on BrightView from $11.30 to $12.90 and gave the company a "sell" rating in a research report on Friday, November 15th. Robert W. Baird raised their price target 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. BTIG Research initiated coverage on shares of BrightView in a research report on Monday, December 2nd. They set a "buy" rating and a $22.00 price objective for the company. Finally, Morgan Stanley boosted their target price on shares of BrightView from $15.00 to $16.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 12th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, BrightView presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.11.
Read Our Latest Analysis on BV
BrightView Stock Down 2.2 %
Shares of BV traded down $0.36 during trading hours on Friday, hitting $16.04. The stock had a trading volume of 357,386 shares, compared to its average volume of 608,546. BrightView Holdings, Inc. has a 1-year low of $7.75 and a 1-year high of $18.89. The firm has a market capitalization of $1.52 billion, a P/E ratio of 145.83 and a beta of 1.30. The firm has a 50 day simple moving average of $16.79 and a 200-day simple moving average of $15.39. 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 data on Wednesday, November 13th. The company reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.02. The firm had revenue of $728.70 million during the quarter, compared to analyst estimates of $723.01 million. BrightView had a return on equity of 7.65% and a net margin of 2.40%. 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 company posted $0.14 EPS. Sell-side analysts predict that BrightView Holdings, Inc. will post 0.75 EPS for the current fiscal year.
BrightView Company Profile
(
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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