Hillsdale Investment Management Inc. Trims Stock Holdings in BrightView Holdings, Inc. (NYSE:BV)

Hillsdale Investment Management Inc. lessened its position in shares of BrightView Holdings, Inc. (NYSE:BV - Free Report) by 7.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 393,000 shares of the company's stock after selling 30,300 shares during the period. Hillsdale Investment Management Inc. owned approximately 0.41% of BrightView worth $6,284,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in BV. State Street Corp boosted its position 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 buying an additional 177,105 shares in the last quarter. Barclays PLC increased its position in 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 buying an additional 64,035 shares in the last quarter. Principal Financial Group Inc. bought a new stake in BrightView during the 3rd quarter valued at $723,000. Telemark Asset Management LLC raised its holdings in BrightView by 14.3% during the third quarter. Telemark Asset Management LLC now owns 800,000 shares of the company's stock worth $12,592,000 after buying an additional 100,000 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of BrightView by 18.2% in the third quarter. Geode Capital Management LLC now owns 1,337,545 shares of the company's stock valued at $21,057,000 after buying an additional 206,359 shares in the last quarter. 92.41% of the stock is owned by institutional investors.

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BrightView Trading Down 1.9 %

BrightView stock traded down $0.25 during trading hours on Wednesday, reaching $13.00. The stock had a trading volume of 503,923 shares, compared to its average volume of 622,481. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.43 and a quick ratio of 1.43. The stock has a market cap of $1.24 billion, a PE ratio of 72.19 and a beta of 1.32. The company has a fifty day simple moving average of $14.21 and a 200-day simple moving average of $15.56. BrightView Holdings, Inc. has a 52 week low of $10.69 and a 52 week high of $18.89.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on BV shares. Morgan Stanley upped their price objective on BrightView from $15.00 to $16.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th. BTIG Research initiated coverage on BrightView in a report on Monday, December 2nd. They issued a "buy" rating and a $22.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, BrightView currently has a consensus rating of "Moderate Buy" and an average price target of $17.41.

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.