Rice Hall James & Associates LLC Purchases 45,793 Shares of BrightView Holdings, Inc. (NYSE:BV)

Rice Hall James & Associates LLC lifted its stake in shares of BrightView Holdings, Inc. (NYSE:BV - Free Report) by 24.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 231,835 shares of the company's stock after purchasing an additional 45,793 shares during the period. Rice Hall James & Associates LLC owned 0.25% of BrightView worth $3,649,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Creative Planning raised its holdings in shares of BrightView by 7.0% in the 3rd quarter. Creative Planning now owns 24,019 shares of the company's stock valued at $378,000 after purchasing an additional 1,564 shares during the period. SG Americas Securities LLC raised its stake in BrightView by 73.1% in the third quarter. SG Americas Securities LLC now owns 13,563 shares of the company's stock valued at $213,000 after buying an additional 5,727 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of BrightView by 12.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 471,769 shares of the company's stock valued at $6,275,000 after buying an additional 51,888 shares during the last quarter. Driehaus Capital Management LLC bought a new position in shares of BrightView during the 2nd quarter worth approximately $13,086,000. Finally, Kathmere Capital Management LLC bought a new position in shares of BrightView during the 2nd quarter worth approximately $133,000. Institutional investors and hedge funds own 92.41% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on BV shares. The Goldman Sachs Group raised their price target on BrightView from $10.00 to $11.30 and gave the company a "sell" rating in a report on Friday, August 2nd. Loop Capital upgraded shares of BrightView to a "strong-buy" rating in a research note on Tuesday, July 30th. Jefferies Financial Group upgraded shares of BrightView from a "hold" rating to a "buy" rating and raised their price objective for the stock from $13.00 to $17.00 in a research report on Wednesday, August 21st. Morgan Stanley began coverage on BrightView in a research report on Thursday, August 22nd. They issued an "equal weight" rating and a $16.00 target price on the stock. Finally, Robert W. Baird raised BrightView from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $13.00 to $17.00 in a report on Tuesday, July 30th. 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 assigned a strong buy rating to the company's 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 Stock Performance

Shares of BV traded up $0.29 during mid-day trading on Friday, hitting $16.67. 231,516 shares of the company's stock were exchanged, compared to its average volume of 624,769. 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 Holdings, Inc. has a 52 week low of $6.78 and a 52 week high of $17.49. The stock's 50-day simple moving average is $15.83 and its 200-day simple moving average is $14.22. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 138.93 and a beta of 1.29.

BrightView (NYSE:BV - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.32 EPS for the quarter, hitting analysts' consensus estimates of $0.32. The firm 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%. The company's revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the company earned $0.40 EPS. On average, equities research analysts expect that BrightView Holdings, Inc. will post 0.66 EPS for the current 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.