Rhumbline Advisers Grows Position in BrightView Holdings, Inc. (NYSE:BV)

Rhumbline Advisers boosted its stake in shares of BrightView Holdings, Inc. (NYSE:BV) by 5.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,280 shares of the company’s stock after purchasing an additional 3,835 shares during the period. Rhumbline Advisers owned approximately 0.08% of BrightView worth $988,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its position in shares of BrightView by 6.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,109,150 shares of the company’s stock worth $9,339,000 after buying an additional 63,915 shares during the period. Teacher Retirement System of Texas acquired a new stake in BrightView during the fourth quarter worth about $92,000. BNP Paribas Financial Markets raised its holdings in shares of BrightView by 53.7% in the 4th quarter. BNP Paribas Financial Markets now owns 57,036 shares of the company’s stock worth $480,000 after purchasing an additional 19,924 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of BrightView in the 4th quarter valued at about $128,000. Finally, Quest Partners LLC purchased a new stake in shares of BrightView during the 4th quarter worth about $207,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

BrightView Price Performance

BV stock opened at $15.72 on Monday. The company has a market capitalization of $1.49 billion, a PE ratio of 78.60 and a beta of 1.29. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.64. The stock’s 50 day moving average is $14.71 and its two-hundred day moving average is $13.21. BrightView Holdings, Inc. has a 52-week low of $6.58 and a 52-week high of $16.26.

BrightView (NYSE:BV) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.32. BrightView had a net margin of 2.06% and a return on equity of 6.27%. The firm had revenue of $738.80 million for the quarter, compared to analysts’ expectations of $736.94 million. During the same period in the prior year, the company posted $0.40 earnings per share. The firm’s quarterly revenue was down 3.6% on a year-over-year basis. Analysts predict that BrightView Holdings, Inc. will post 0.66 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. raised their target price on shares of BrightView from $11.00 to $14.00 and gave the company an “underweight” rating in a research note on Friday, August 2nd. Robert W. Baird upgraded BrightView from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $13.00 to $17.00 in a research note on Tuesday, July 30th. Jefferies Financial Group upgraded BrightView from a “hold” rating to a “buy” rating and increased their target price for the company from $13.00 to $17.00 in a research note on Wednesday, August 21st. Baird R W upgraded BrightView from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 30th. Finally, Loop Capital raised shares of BrightView to a “strong-buy” rating in a research report on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $15.47.

About BrightView

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.