BrightView Holdings, Inc. (NYSE:BV) Shares Acquired by Harvey Partners LLC

Harvey Partners LLC raised its stake in shares of BrightView Holdings, Inc. (NYSE:BV - Free Report) by 9.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,870,000 shares of the company's stock after purchasing an additional 156,500 shares during the period. BrightView accounts for approximately 3.4% of Harvey Partners LLC's holdings, making the stock its 13th biggest position. Harvey Partners LLC owned 1.98% of BrightView worth $29,434,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Innealta Capital LLC purchased a new stake in shares of BrightView during the 2nd quarter valued at about $102,000. FMR LLC raised its position in shares of BrightView by 293.4% during the 3rd quarter. FMR LLC now owns 6,884 shares of the company's stock valued at $108,000 after buying an additional 5,134 shares in the last quarter. Kathmere Capital Management LLC purchased a new stake in shares of BrightView during the 2nd quarter valued at about $133,000. Quest Partners LLC purchased a new stake in shares of BrightView during the 3rd quarter valued at about $153,000. Finally, Centiva Capital LP purchased a new stake in shares of BrightView during the 3rd quarter valued at about $195,000. Institutional investors own 92.41% of the company's stock.

Insider Activity

In other news, EVP Jonathan Mark Gottsegen sold 29,658 shares of BrightView stock in a transaction on 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 sale, the executive vice president now directly owns 100,354 shares in the company, valued at approximately $1,611,685.24. The trade was a 22.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.40% of the company's stock.

BrightView Trading Up 0.1 %

Shares of NYSE:BV traded up $0.02 during trading on Tuesday, reaching $17.35. 542,210 shares of the company were exchanged, compared to its average volume of 617,849. The firm has a market capitalization of $1.65 billion, a PE ratio of 155.83 and a beta of 1.30. The business's fifty day simple moving average is $16.55 and its 200-day simple moving average is $15.03. BrightView Holdings, Inc. has a 12-month low of $7.74 and a 12-month high of $18.89. 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 released its quarterly earnings data on Wednesday, November 13th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.02. BrightView had a net margin of 2.40% and a return on equity of 7.65%. The firm had revenue of $728.70 million for the quarter, compared to the consensus estimate of $723.01 million. During the same period last year, the firm earned $0.14 earnings per share. The company's quarterly revenue was down 2.0% on a year-over-year basis. On average, research analysts anticipate that BrightView Holdings, Inc. will post 0.75 EPS for the current year.

Wall Street Analysts Forecast Growth

BV has been the topic of a number of recent analyst reports. Loop Capital increased their price objective on shares of BrightView from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. The Goldman Sachs Group increased their price objective on shares of BrightView from $11.30 to $12.90 and gave the stock a "sell" rating in a research report on Friday, November 15th. William Blair raised shares of BrightView from a "market perform" rating to an "outperform" rating in a research report on Friday, November 15th. BTIG Research initiated coverage on shares of BrightView in a research report on Monday. They issued a "buy" rating and a $22.00 price objective on the stock. Finally, Morgan Stanley initiated coverage on shares of BrightView in a research report on Thursday, August 22nd. They issued an "equal weight" rating and a $16.00 price objective on the stock. Two analysts have rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $17.11.

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.