BrightView Holdings, Inc. (NYSE:BV) Sees Significant Increase in Short Interest

BrightView Holdings, Inc. (NYSE:BV) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 3,528,035 shares, a growth of 19.0% from the March 15th total of 2,964,541 shares. Currently, 3.9% of the shares of the company are short sold. Based on an average trading volume of 461,451 shares, the short-interest ratio is presently 7.6 days.

Insider Transactions at BrightView

In related news, Director William L. Cornog acquired 5,000 shares of the business’s stock in a transaction on Friday, February 6th. The stock was purchased at an average cost of $13.46 per share, for a total transaction of $67,300.00. Following the completion of the transaction, the director directly owned 5,000 shares of the company’s stock, valued at approximately $67,300. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On BrightView

Hedge funds and other institutional investors have recently made changes to their positions in the business. Van Berkom & Associates Inc. bought a new position in BrightView in the third quarter valued at approximately $61,076,000. Harvey Partners LLC increased its stake in BrightView by 5.0% in the third quarter. Harvey Partners LLC now owns 2,949,000 shares of the company’s stock valued at $39,517,000 after acquiring an additional 141,000 shares during the last quarter. Cooke & Bieler LP increased its stake in BrightView by 40.9% in the third quarter. Cooke & Bieler LP now owns 3,568,050 shares of the company’s stock valued at $47,812,000 after acquiring an additional 1,035,820 shares during the last quarter. Interval Partners LP increased its stake in BrightView by 60.5% in the third quarter. Interval Partners LP now owns 1,641,988 shares of the company’s stock valued at $22,003,000 after acquiring an additional 618,875 shares during the last quarter. Finally, William Blair Investment Management LLC bought a new position in BrightView in the third quarter valued at approximately $25,565,000. 92.41% of the stock is currently owned by institutional investors and hedge funds.

BrightView Price Performance

Shares of NYSE BV traded up $0.35 during midday trading on Friday, reaching $12.48. The company’s stock had a trading volume of 321,489 shares, compared to its average volume of 463,385. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.26 and a current ratio of 1.26. BrightView has a fifty-two week low of $11.06 and a fifty-two week high of $17.10. The business’s 50 day moving average price is $12.57 and its two-hundred day moving average price is $12.74. The company has a market cap of $1.18 billion, a P/E ratio of -623.85 and a beta of 1.29.

BrightView (NYSE:BV) last released its quarterly earnings results on Tuesday, February 3rd. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). BrightView had a net margin of 1.90% and a return on equity of 7.85%. The business had revenue of $614.70 million during the quarter, compared to analyst estimates of $589.91 million. During the same quarter in the previous year, the firm posted $0.04 earnings per share. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. On average, analysts forecast that BrightView will post 0.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BV. The Goldman Sachs Group restated a “sell” rating and set a $11.10 price objective on shares of BrightView in a research report on Monday, February 9th. JPMorgan Chase & Co. raised their price objective on shares of BrightView from $12.00 to $13.00 and gave the stock an “underweight” rating in a research report on Thursday, February 5th. Weiss Ratings downgraded shares of BrightView from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, February 4th. Finally, Morgan Stanley lifted their price target on shares of BrightView from $13.00 to $14.00 and gave the company an “equal weight” rating in a research report on Monday, March 2nd. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $14.68.

About BrightView

BrightView Inc (NYSE:BV) is a leading commercial landscaping services company in the United States, offering a comprehensive suite of outdoor asset management solutions. The company’s core business activities include landscape maintenance, development and enhancement services tailored to a wide array of clients such as corporate campuses, healthcare facilities, multi-family residential properties, retail centers and municipalities.

BrightView’s service portfolio covers routine grounds maintenance, landscape construction and design-build, irrigation system installation and management, tree care, seasonal color programs and snow and ice management.