Harbor Capital Advisors Inc. Buys 379,916 Shares of BrightView Holdings, Inc. (NYSE:BV)

Harbor Capital Advisors Inc. lifted its stake in shares of BrightView Holdings, Inc. (NYSE:BV - Free Report) by 150.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 632,394 shares of the company's stock after acquiring an additional 379,916 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.67% of BrightView worth $9,954,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. &PARTNERS bought a new stake in BrightView in the 2nd quarter valued at $1,497,000. Thompson Siegel & Walmsley LLC bought a new stake in shares of BrightView in the second quarter worth about $560,000. Driehaus Capital Management LLC bought a new position in BrightView during the second quarter valued at approximately $13,086,000. Kennedy Capital Management LLC bought a new stake in BrightView in the 1st quarter worth approximately $6,673,000. Finally, Anchor Capital Advisors LLC bought a new position in shares of BrightView during the 2nd quarter valued at approximately $626,000. 92.41% of the stock is currently owned by institutional investors.

BrightView Trading Up 1.8 %

Shares of BV stock traded up $0.29 on Friday, reaching $16.67. 231,516 shares of the company's stock were exchanged, compared to its average volume of 404,218. The company's fifty day simple moving average is $15.83 and its 200 day simple moving average is $14.24. The stock has a market capitalization of $1.58 billion, a PE ratio of 138.93 and a beta of 1.28. 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 52 week low of $6.78 and a 52 week high of $17.49.

BrightView (NYSE:BV - Get Free Report) last issued 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. The firm had revenue of $738.80 million during the quarter, compared to analyst estimates of $736.94 million. BrightView had a net margin of 2.06% and a return on equity of 6.27%. The business's revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.40 earnings per share. As a group, analysts forecast that BrightView Holdings, Inc. will post 0.66 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BV. Morgan Stanley initiated coverage on shares of BrightView in a research note on Thursday, August 22nd. They set an "equal weight" rating and a $16.00 price target on the stock. Jefferies Financial Group upgraded 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 report on Wednesday, August 21st. The Goldman Sachs Group upped their price objective on BrightView from $10.00 to $11.30 and gave the company a "sell" rating in a research report on Friday, August 2nd. Robert W. Baird upgraded BrightView from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $13.00 to $17.00 in a report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. increased their price target on BrightView from $11.00 to $14.00 and gave the company an "underweight" rating in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $15.47.

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.