Roubaix Capital LLC Buys 41,127 Shares of BrightView Holdings, Inc. (NYSE:BV)

Roubaix Capital LLC increased its stake in shares of BrightView Holdings, Inc. (NYSE:BV - Free Report) by 13.9% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 336,770 shares of the company's stock after acquiring an additional 41,127 shares during the period. BrightView makes up approximately 2.8% of Roubaix Capital LLC's holdings, making the stock its 9th largest holding. Roubaix Capital LLC owned about 0.36% of BrightView worth $4,479,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of 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 during the last quarter. Russell Investments Group Ltd. purchased a new stake in BrightView during the 4th quarter worth approximately $91,000. Teacher Retirement System of Texas acquired a new position in shares of BrightView in the 4th quarter valued at approximately $92,000. Aigen Investment Management LP purchased a new position in shares of BrightView during the 4th quarter valued at approximately $94,000. Finally, Innealta Capital LLC purchased a new position in shares of BrightView during the 2nd quarter valued at approximately $102,000. Hedge funds and other institutional investors own 92.41% of the company's stock.

Wall Street Analyst Weigh In

BV has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of BrightView from $11.00 to $14.00 and gave the stock an "underweight" rating in a research note on Friday, August 2nd. Morgan Stanley assumed coverage on shares of BrightView in a research report on Thursday, August 22nd. They issued an "equal weight" rating and a $16.00 target price for the company. Robert W. Baird raised shares of BrightView from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $13.00 to $17.00 in a research report on Tuesday, July 30th. Jefferies Financial Group raised BrightView from a "hold" rating to a "buy" rating and boosted their price objective for the company from $13.00 to $17.00 in a report on Wednesday, August 21st. Finally, The Goldman Sachs Group increased 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 research analysts have rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $15.47.

BrightView Stock Performance

Shares of BV traded down $0.03 during midday trading on Thursday, hitting $15.40. 504,110 shares of the stock traded hands, compared to its average volume of 657,494. The business's 50 day moving average price is $14.16 and its two-hundred day moving average price is $12.64. The firm has a market capitalization of $1.46 billion, a PE ratio of 76.70 and a beta of 1.29. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.45 and a current ratio of 1.45. 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 posted its earnings results on Wednesday, July 31st. The company reported $0.32 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.32. BrightView had a net margin of 2.06% and a return on equity of 6.27%. The firm had revenue of $738.80 million during the quarter, compared to analyst estimates of $736.94 million. During the same period in the previous year, the business posted $0.40 EPS. BrightView's revenue was down 3.6% on a year-over-year basis. Equities research analysts predict that BrightView Holdings, Inc. will post 0.66 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.