BrightView Holdings, Inc. (NYSE:BV) Shares Sold by Cooke & Bieler LP

Cooke & Bieler LP lessened its holdings in BrightView Holdings, Inc. (NYSE:BV - Free Report) by 25.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,162,492 shares of the company's stock after selling 752,167 shares during the period. Cooke & Bieler LP owned about 2.29% of BrightView worth $28,761,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in BV. Vanguard Group Inc. grew its stake in shares of BrightView by 4.8% in the 1st quarter. Vanguard Group Inc. now owns 4,031,524 shares of the company's stock worth $47,975,000 after buying an additional 185,327 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of BrightView by 6.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,109,150 shares of the company's stock worth $9,339,000 after buying an additional 63,915 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in shares of BrightView in the 2nd quarter worth approximately $9,857,000. Kennedy Capital Management LLC purchased a new stake in BrightView during the first quarter worth $6,673,000. Finally, Hillsdale Investment Management Inc. lifted its position in BrightView by 8.6% during the first quarter. Hillsdale Investment Management Inc. now owns 476,000 shares of the company's stock valued at $5,664,000 after acquiring an additional 37,600 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors.

BrightView Stock Performance

Shares of BrightView stock traded down $0.08 on Wednesday, reaching $15.43. 316,355 shares of the stock were exchanged, compared to its average volume of 658,396. The business has a fifty day moving average price of $14.12 and a two-hundred day moving average price of $12.62. The firm has a market capitalization of $1.46 billion, a PE ratio of 77.60 and a beta of 1.29. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.64. BrightView Holdings, Inc. has a 1-year low of $6.58 and a 1-year high of $16.26.

BrightView (NYSE:BV - Get Free Report) last announced its earnings results on Wednesday, July 31st. The company reported $0.32 EPS for the quarter, meeting analysts' consensus estimates of $0.32. The firm had revenue of $738.80 million for the quarter, compared to analysts' expectations 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 quarter in the prior year, the firm earned $0.40 EPS. As a group, research analysts anticipate that BrightView Holdings, Inc. will post 0.66 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of BrightView from $11.00 to $14.00 and gave the company an "underweight" rating in a research note on Friday, August 2nd. Jefferies Financial Group raised BrightView from a "hold" rating to a "buy" rating and lifted their price target for the stock from $13.00 to $17.00 in a research note on Wednesday, August 21st. Loop Capital upgraded BrightView to a "strong-buy" rating in a report on Tuesday, July 30th. Robert W. Baird upgraded BrightView from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $13.00 to $17.00 in a report on Tuesday, July 30th. Finally, The Goldman Sachs Group lifted their price target on BrightView from $10.00 to $11.30 and gave the stock a "sell" rating in a report on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $15.47.

About BrightView

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.