Bleakley Financial Group LLC Cuts Stock Position in BrightView Holdings, Inc. (NYSE:BV)

Bleakley Financial Group LLC cut its holdings in shares of BrightView Holdings, Inc. (NYSE:BV - Free Report) by 92.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,937 shares of the company's stock after selling 202,091 shares during the period. Bleakley Financial Group LLC's holdings in BrightView were worth $251,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of BrightView by 4.8% during the 1st quarter. Vanguard Group Inc. now owns 4,031,524 shares of the company's stock valued at $47,975,000 after buying an additional 185,327 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of BrightView by 28.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,140,676 shares of the company's stock valued at $41,772,000 after purchasing an additional 695,987 shares during the last quarter. Driehaus Capital Management LLC bought a new stake in BrightView in the 2nd quarter worth $13,086,000. Allspring Global Investments Holdings LLC bought a new stake in BrightView in the 2nd quarter worth $9,857,000. Finally, Kennedy Capital Management LLC bought a new stake in BrightView in the 1st quarter worth $6,673,000. 92.41% of the stock is owned by institutional investors.

BrightView Stock Down 0.6 %

NYSE:BV traded down $0.09 during mid-day trading on Thursday, reaching $16.02. The company's stock had a trading volume of 240,741 shares, compared to its average volume of 634,906. The firm has a market capitalization of $1.51 billion, a PE ratio of 80.60 and a beta of 1.29. The stock has a fifty day moving average of $15.65 and a 200-day moving average of $14.00. BrightView Holdings, Inc. has a 1 year low of $6.58 and a 1 year high of $17.49. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.64.

BrightView (NYSE:BV - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.32 earnings per share for the quarter, hitting the consensus estimate of $0.32. BrightView had a net margin of 2.06% and a return on equity of 6.27%. The company had revenue of $738.80 million for the quarter, compared to the consensus estimate of $736.94 million. During the same quarter in the prior year, the company earned $0.40 EPS. BrightView's quarterly revenue was down 3.6% on a year-over-year basis. Equities research analysts forecast that BrightView Holdings, Inc. will post 0.66 earnings per share for the current year.

Analysts Set New Price Targets

BV has been the subject of several research analyst reports. Robert W. Baird raised shares of BrightView from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $13.00 to $17.00 in a research report on Tuesday, July 30th. JPMorgan Chase & Co. lifted their price target on shares of BrightView from $11.00 to $14.00 and gave the company an "underweight" rating in a research report on Friday, August 2nd. Jefferies Financial Group upgraded shares of BrightView from a "hold" rating to a "buy" rating and raised their price objective for the company from $13.00 to $17.00 in a research note on Wednesday, August 21st. The Goldman Sachs Group raised their price objective on shares of BrightView from $10.00 to $11.30 and gave the company a "sell" rating in a research note on Friday, August 2nd. Finally, Loop Capital upgraded shares of BrightView to a "strong-buy" rating in a research note on Tuesday, July 30th. 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. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $15.47.

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.