Thompson Siegel & Walmsley LLC Has $5.34 Million Stock Position in BrightView Holdings, Inc. (NYSE:BV)

Thompson Siegel & Walmsley LLC lifted its stake in shares of BrightView Holdings, Inc. (NYSE:BV - Free Report) by 704.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 339,054 shares of the company's stock after purchasing an additional 296,931 shares during the period. Thompson Siegel & Walmsley LLC owned approximately 0.36% of BrightView worth $5,337,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Driehaus Capital Management LLC acquired a new stake in BrightView during the 2nd quarter worth about $13,086,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of BrightView in the 2nd quarter valued at approximately $9,857,000. Dimensional Fund Advisors LP boosted its stake in BrightView by 28.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,140,676 shares of the company's stock worth $41,772,000 after purchasing an additional 695,987 shares during the period. Kennedy Capital Management LLC acquired a new stake in BrightView during the 1st quarter valued at $6,673,000. Finally, Harbor Capital Advisors Inc. grew its holdings in shares of BrightView by 150.5% during the third quarter. Harbor Capital Advisors Inc. now owns 632,394 shares of the company's stock valued at $9,954,000 after buying an additional 379,916 shares in the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

BrightView Stock Performance

Shares of NYSE BV traded up $0.35 during midday trading on Friday, hitting $17.01. 590,434 shares of the company's stock were exchanged, compared to its average volume of 622,427. BrightView Holdings, Inc. has a 12 month low of $7.29 and a 12 month high of $18.89. The company's 50 day moving average price is $16.36 and its 200 day moving average price is $14.81. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $1.62 billion, a PE ratio of 154.65 and a beta of 1.28.

BrightView (NYSE:BV - Get Free Report) last announced its earnings results on Wednesday, November 13th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.02. The company had revenue of $728.70 million during the quarter, compared to analysts' expectations of $723.01 million. BrightView had a net margin of 2.40% and a return on equity of 7.65%. BrightView's quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.14 earnings per share. As a group, analysts predict that BrightView Holdings, Inc. will post 0.76 earnings per share for the current fiscal year.

Insider Transactions at BrightView

In other BrightView 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 value of $476,307.48. Following the completion of 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

BV has been the topic of a number of research reports. William Blair raised shares of BrightView from a "market perform" rating to an "outperform" rating in a research note on Friday, November 15th. Loop Capital boosted their price target on BrightView from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Baird R W upgraded shares of BrightView from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 30th. The Goldman Sachs Group boosted their target price on shares of BrightView from $11.30 to $12.90 and gave the stock a "sell" rating in a research report on Friday, November 15th. Finally, Jefferies Financial Group raised BrightView from a "hold" rating to a "buy" rating and raised their price target for the company from $13.00 to $17.00 in a research report on Wednesday, August 21st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, BrightView currently has an average rating of "Moderate Buy" and a consensus target price of $16.41.

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.