Royce & Associates LP acquired a new position in BrightView Holdings, Inc. (NYSE:BV – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 417,761 shares of the company’s stock, valued at approximately $5,293,000. Royce & Associates LP owned 0.44% of BrightView as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Bfsg LLC bought a new position in shares of BrightView in the fourth quarter worth about $49,000. BNP Paribas Financial Markets boosted its stake in shares of BrightView by 66.8% in the second quarter. BNP Paribas Financial Markets now owns 5,591 shares of the company’s stock worth $93,000 after acquiring an additional 2,240 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of BrightView by 225.8% in the second quarter. Tower Research Capital LLC TRC now owns 5,640 shares of the company’s stock worth $94,000 after acquiring an additional 3,909 shares during the period. Glenmede Investment Management LP bought a new position in shares of BrightView in the third quarter worth about $139,000. Finally, Man Group plc bought a new position in shares of BrightView in the second quarter worth about $185,000. Institutional investors own 92.41% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have recently weighed in on BV. Morgan Stanley upped their price objective on BrightView from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Monday, March 2nd. Weiss Ratings reissued a “sell (d+)” rating on shares of BrightView in a research note on Monday, May 4th. JPMorgan Chase & Co. raised BrightView from an “underweight” rating to a “neutral” rating and increased their price target for the company from $13.00 to $14.00 in a research note on Thursday, May 7th. The Goldman Sachs Group reissued a “sell” rating and set a $11.10 price target on shares of BrightView in a research note on Monday, February 9th. Finally, BTIG Research reissued a “buy” rating and set a $16.00 price target on shares of BrightView in a research note on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, BrightView has an average rating of “Hold” and an average target price of $15.02.
BrightView Price Performance
Shares of BrightView stock opened at $12.35 on Friday. The stock has a 50 day moving average of $12.20 and a 200 day moving average of $12.66. BrightView Holdings, Inc. has a 12 month low of $11.06 and a 12 month high of $17.10. The firm has a market cap of $1.15 billion, a PE ratio of -176.36 and a beta of 1.20. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.66.
BrightView (NYSE:BV – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. BrightView had a return on equity of 7.25% and a net margin of 1.70%.The company had revenue of $702.90 million during the quarter, compared to analyst estimates of $638.80 million. During the same period in the prior year, the company earned $0.14 earnings per share. The firm’s revenue was up 6.1% on a year-over-year basis. On average, research analysts expect that BrightView Holdings, Inc. will post 0.57 EPS for the current fiscal year.
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.
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