Interval Partners LP decreased its holdings in BrightView Holdings, Inc. (NYSE:BV – Free Report) by 35.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,054,230 shares of the company’s stock after selling 587,758 shares during the quarter. Interval Partners LP owned approximately 1.12% of BrightView worth $13,357,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BV. Bfsg LLC purchased a new stake in BrightView in the 4th quarter valued at about $49,000. BNP Paribas Financial Markets grew its holdings in BrightView by 66.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,591 shares of the company’s stock valued at $93,000 after buying an additional 2,240 shares during the period. Tower Research Capital LLC TRC grew its holdings in BrightView by 225.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,640 shares of the company’s stock valued at $94,000 after buying an additional 3,909 shares during the period. Glenmede Investment Management LP purchased a new stake in BrightView in the 3rd quarter valued at about $139,000. Finally, Landscape Capital Management L.L.C. purchased a new stake in BrightView in the 3rd quarter valued at about $163,000. Hedge funds and other institutional investors own 92.41% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have commented on BV. BTIG Research restated a “buy” rating and issued a $16.00 price target on shares of BrightView in a report on Monday, May 11th. Oppenheimer began coverage on BrightView in a report on Wednesday. They issued an “outperform” rating and a $17.00 price target for the company. JPMorgan Chase & Co. raised BrightView from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $13.00 to $14.00 in a research note on Thursday, May 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BrightView in a research note on Monday, May 4th. Finally, Morgan Stanley lifted their price objective on BrightView from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, BrightView currently has a consensus rating of “Hold” and an average price target of $15.30.
BrightView Stock Performance
NYSE BV opened at $12.64 on Thursday. The firm has a market capitalization of $1.18 billion, a P/E ratio of -180.56 and a beta of 1.19. BrightView Holdings, Inc. has a 1-year low of $11.06 and a 1-year high of $17.10. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.23 and a quick ratio of 1.23. The business’s 50-day simple moving average is $12.41 and its 200-day simple moving average is $12.69.
BrightView (NYSE:BV – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. The business had revenue of $702.90 million for the quarter, compared to analyst estimates of $638.80 million. BrightView had a return on equity of 7.25% and a net margin of 1.70%.The company’s revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.14 EPS. Equities analysts predict that BrightView Holdings, Inc. will post 0.57 EPS for the current year.
BrightView Profile
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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