Systematic Financial Management LP Purchases New Stake in BrightView Holdings, Inc. (NYSE:BV)

Systematic Financial Management LP purchased a new position in shares of BrightView Holdings, Inc. (NYSE:BV - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 60,795 shares of the company's stock, valued at approximately $957,000. Systematic Financial Management LP owned approximately 0.06% of BrightView as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in BV. &PARTNERS bought a new stake in BrightView during the second quarter valued at about $1,497,000. Thompson Siegel & Walmsley LLC bought a new stake in BrightView during the 2nd quarter valued at approximately $560,000. Driehaus Capital Management LLC acquired a new stake in BrightView in the 2nd quarter valued at approximately $13,086,000. Telemark Asset Management LLC increased its position in 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 buying an additional 100,000 shares during the period. Finally, Anchor Capital Advisors LLC acquired a new position in shares of BrightView during the second quarter worth approximately $626,000. Institutional investors and hedge funds own 92.41% of the company's stock.

Insider Buying and Selling at BrightView

In other news, EVP Jonathan Mark Gottsegen sold 29,658 shares of the company's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $16.06, for a total transaction of $476,307.48. Following the transaction, the executive vice president now directly owns 100,354 shares in the company, valued at approximately $1,611,685.24. This represents a 22.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.40% of the company's stock.

BrightView Price Performance

NYSE BV traded down $0.67 during trading on Friday, reaching $17.22. 541,469 shares of the company traded hands, compared to its average volume of 558,917. BrightView Holdings, Inc. has a 1-year low of $7.74 and a 1-year high of $18.89. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 156.56 and a beta of 1.30. The stock's 50 day moving average price is $16.72 and its two-hundred day moving average price is $15.12. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.44 and a current ratio of 1.44.

BrightView (NYSE:BV - Get Free Report) last announced its quarterly earnings results on Wednesday, November 13th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.28 by $0.02. BrightView had a return on equity of 7.65% and a net margin of 2.40%. The business had revenue of $728.70 million for the quarter, compared to analyst estimates of $723.01 million. During the same quarter in the previous year, the firm earned $0.14 EPS. BrightView's quarterly revenue was down 2.0% on a year-over-year basis. As a group, analysts anticipate that BrightView Holdings, Inc. will post 0.75 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. 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 note on Wednesday, August 21st. William Blair upgraded shares of BrightView from a "market perform" rating to an "outperform" rating in a research report on Friday, November 15th. The Goldman Sachs Group boosted their price objective on shares of BrightView from $11.30 to $12.90 and gave the stock a "sell" rating in a report on Friday, November 15th. Morgan Stanley assumed coverage on shares of BrightView in a research note on Thursday, August 22nd. They issued an "equal weight" rating and a $16.00 target price for the company. Finally, Robert W. Baird lifted their target price on BrightView from $18.00 to $20.00 and gave the stock an "outperform" rating in a research report on Thursday, November 14th. 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 issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average 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.