BrightView Holdings, Inc. (NYSE:BV) Stock Position Lowered by Jane Street Group LLC

Jane Street Group LLC decreased its position in shares of BrightView Holdings, Inc. (NYSE:BV - Free Report) by 53.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,243 shares of the company's stock after selling 48,643 shares during the period. Jane Street Group LLC's holdings in BrightView were worth $665,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Millburn Ridgefield Corp purchased a new position in shares of BrightView during the 3rd quarter valued at approximately $45,000. FMR LLC boosted its stake in 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 acquiring an additional 5,134 shares during the last quarter. Kathmere Capital Management LLC bought a new stake in shares of BrightView in the 2nd quarter worth about $133,000. Quest Partners LLC acquired a new stake in shares of BrightView in the 3rd quarter valued at about $153,000. Finally, Centiva Capital LP bought a new position in shares of BrightView during the third quarter worth about $195,000. Institutional investors and hedge funds own 92.41% of the company's stock.

Insider Buying and Selling at BrightView

In other news, EVP Jonathan Mark Gottsegen sold 29,658 shares of the firm's stock in a transaction on Friday, November 15th. The stock was 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 of the company's stock, valued at $1,611,685.24. This trade represents a 22.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Robert W. Baird boosted their target price 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. Morgan Stanley boosted their price objective on shares of BrightView from $15.00 to $16.00 and gave the company an "equal weight" rating in a research report on Thursday, December 12th. Loop Capital raised their target price on shares of BrightView from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Friday, November 15th. William Blair upgraded BrightView from a "market perform" rating to an "outperform" rating in a research note on Friday, November 15th. Finally, BTIG Research initiated coverage on shares of BrightView in a research report on Monday, December 2nd. They issued a "buy" rating and a $22.00 target price for the company. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, BrightView has a consensus rating of "Moderate Buy" and a consensus price target of $17.11.

BrightView Price Performance

Shares of BrightView stock traded up $0.17 on Friday, hitting $16.02. The company had a trading volume of 317,742 shares, compared to its average volume of 320,771. BrightView Holdings, Inc. has a 52 week low of $7.75 and a 52 week high of $18.89. The company has a market cap of $1.52 billion, a PE ratio of 145.65 and a beta of 1.30. The business has a 50-day simple moving average of $16.77 and a 200-day simple moving average of $15.47. 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 results on Wednesday, November 13th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.02. The company had revenue of $728.70 million for the quarter, compared to analysts' expectations of $723.01 million. BrightView had a return on equity of 7.65% and a net margin of 2.40%. The firm's revenue for the quarter was down 2.0% on a year-over-year basis. During the same period last year, the firm earned $0.14 EPS. Research analysts expect that BrightView Holdings, Inc. will post 0.75 EPS for the current fiscal year.

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.