Penn Capital Management Company LLC increased its position in BrightView Holdings, Inc. (NYSE:BV – Free Report) by 29.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 261,586 shares of the company’s stock after buying an additional 58,892 shares during the quarter. Penn Capital Management Company LLC’s holdings in BrightView were worth $2,616,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in BrightView in the second quarter worth approximately $80,091,000. Punch & Associates Investment Management Inc. bought a new position in BrightView during the second quarter valued at approximately $16,778,000. Private Management Group Inc. raised its stake in shares of BrightView by 120.9% during the third quarter. Private Management Group Inc. now owns 1,394,689 shares of the company’s stock worth $13,947,000 after acquiring an additional 763,382 shares in the last quarter. Pillsbury Lake Capital LLC purchased a new position in shares of BrightView during the second quarter worth approximately $7,126,901. Finally, Algert Global LLC lifted its holdings in shares of BrightView by 1,141.5% in the 2nd quarter. Algert Global LLC now owns 476,749 shares of the company’s stock worth $6,756,000 after acquiring an additional 438,349 shares during the last quarter. Institutional investors own 92.41% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts recently commented on the stock. Zacks Research upgraded shares of BrightView from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Weiss Ratings restated a “sell (d+)” rating on shares of BrightView in a report on Thursday, October 29th. Wall Street Zen lowered shares of BrightView from a “hold” rating to a “sell” rating in a report on Saturday. Robert W. Baird set a $14.00 price objective on BrightView in a research report on Wednesday, August 5th. Finally, Morgan Stanley dropped their target price on shares of BrightView from $12.50 to $11.50 and set an “equal weight” rating on the stock in a report on Tuesday, October 13th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $13.93.
Check Out Our Latest Analysis on BV
BrightView Price Performance
BV stock opened at $11.82 on Tuesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a 50 day moving average price of $10.86 and a 200-day moving average price of $12.29. BrightView Holdings, Inc. has a 52-week low of $9.81 and a 52-week high of $15.00. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of -47.28, a PEG ratio of 1.54 and a beta of 1.16.
BrightView Profile
BrightView Holdings, Inc (NYSE: BV) is a provider of commercial landscaping services in the United States. Through its maintenance operations, the company helps businesses, government facilities, sports venues, education campuses, healthcare properties and other organizations manage and maintain outdoor spaces.
BrightView’s services include landscape design and development, ongoing landscape maintenance, tree care, irrigation management, water conservation and snow and ice removal. Its landscape development work can include the installation of plants, turf, hardscapes, irrigation systems and other outdoor features, while its maintenance services are intended to support the appearance, health and functionality of managed properties.
The company was formed in 2014 through the combination of Brickman and ValleyCrest, two established landscaping businesses, and became a publicly traded company in 2018.
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