&Partners Purchases New Position in BrightView Holdings, Inc. (NYSE:BV)

&PARTNERS acquired a new position in shares of BrightView Holdings, Inc. (NYSE:BV - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 112,528 shares of the company's stock, valued at approximately $1,497,000. &PARTNERS owned 0.12% of BrightView at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of BV. Mackenzie Financial Corp increased its stake in BrightView by 17.1% in the 4th quarter. Mackenzie Financial Corp now owns 28,176 shares of the company's stock valued at $237,000 after buying an additional 4,124 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in BrightView by 59.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,302 shares of the company's stock worth $61,000 after acquiring an additional 2,726 shares in the last quarter. Bailard Inc. acquired a new position in BrightView during the fourth quarter valued at approximately $248,000. Russell Investments Group Ltd. bought a new position in BrightView in the fourth quarter valued at approximately $91,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of BrightView by 6.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,109,150 shares of the company's stock worth $9,339,000 after purchasing an additional 63,915 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Jefferies Financial Group raised BrightView from a "hold" rating to a "buy" rating and increased their price objective for the company from $13.00 to $17.00 in a report on Wednesday. Baird R W upgraded BrightView from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. upped their price objective on BrightView from $11.00 to $14.00 and gave the company an "underweight" rating in a research note on Friday, August 2nd. Morgan Stanley initiated coverage on BrightView in a research note on Thursday. They set an "equal weight" rating and a $16.00 target price for the company. Finally, The Goldman Sachs Group boosted their target price on BrightView from $10.00 to $11.30 and gave the stock a "sell" rating in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $15.47.

BrightView Stock Performance

NYSE:BV traded up $0.41 during mid-day trading on Friday, reaching $15.73. 621,907 shares of the company's stock were exchanged, compared to its average volume of 664,157. The business's fifty day simple moving average is $13.83 and its two-hundred day simple moving average is $12.21. BrightView Holdings, Inc. has a one year low of $6.58 and a one year high of $15.90. The firm has a market capitalization of $1.49 billion, a PE ratio of 78.65 and a beta of 1.29. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.67 and a current ratio of 1.45.

BrightView (NYSE:BV - Get Free Report) last released its earnings results on Wednesday, July 31st. The company reported $0.32 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.32. The company had revenue of $738.80 million for the quarter, compared to analyst estimates of $736.94 million. BrightView had a return on equity of 6.27% and a net margin of 2.06%. BrightView's quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.40 EPS. Analysts anticipate that BrightView Holdings, Inc. will post 0.65 earnings per share for the current fiscal year.

BrightView 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.