Peregrine Capital Management LLC Sells 115,740 Shares of BrightView Holdings, Inc. (NYSE:BV)

Peregrine Capital Management LLC decreased its stake in shares of BrightView Holdings, Inc. (NYSE:BV - Free Report) by 25.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 335,318 shares of the company's stock after selling 115,740 shares during the quarter. Peregrine Capital Management LLC owned about 0.35% of BrightView worth $5,362,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in BV. Harvey Partners LLC increased its holdings in shares of BrightView by 9.1% in the 3rd quarter. Harvey Partners LLC now owns 1,870,000 shares of the company's stock worth $29,434,000 after purchasing an additional 156,500 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of BrightView by 18.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,337,545 shares of the company's stock worth $21,057,000 after purchasing an additional 206,359 shares in the last quarter. State Street Corp increased its holdings in shares of BrightView by 17.1% in the 3rd quarter. State Street Corp now owns 1,211,909 shares of the company's stock worth $19,075,000 after purchasing an additional 177,105 shares in the last quarter. Telemark Asset Management LLC increased its holdings in shares of BrightView by 14.3% in the 3rd quarter. Telemark Asset Management LLC now owns 800,000 shares of the company's stock worth $12,592,000 after purchasing an additional 100,000 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its holdings in shares of BrightView by 1.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 641,301 shares of the company's stock worth $10,254,000 after acquiring an additional 8,907 shares during the period. Hedge funds and other institutional investors own 92.41% of the company's stock.

BrightView Price Performance

Shares of BrightView stock traded down $0.39 during trading hours on Friday, hitting $13.30. The company's stock had a trading volume of 536,121 shares, compared to its average volume of 554,275. The business has a 50 day moving average price of $15.59 and a two-hundred day moving average price of $15.90. BrightView Holdings, Inc. has a 12-month low of $8.26 and a 12-month high of $18.89. The company has a market cap of $1.27 billion, a PE ratio of 73.89 and a beta of 1.29. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.43 and a current ratio of 1.43.

Analyst Ratings Changes

Several analysts recently commented on BV shares. William Blair raised BrightView from a "market perform" rating to an "outperform" rating in a report on Friday, November 15th. BTIG Research started coverage on BrightView in a report on Monday, December 2nd. They issued a "buy" rating and a $22.00 price objective for the company. Robert W. Baird lifted their price objective on BrightView from $18.00 to $20.00 and gave the stock an "outperform" rating in a report on Thursday, November 14th. Morgan Stanley lifted their price objective on BrightView from $15.00 to $16.00 and gave the stock an "equal weight" rating in a report on Thursday, December 12th. Finally, Loop Capital boosted their price target on BrightView from $18.00 to $20.00 and gave the company a "buy" rating in a report on Friday, November 15th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.11.

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.