Bleakley Financial Group LLC Sells 202,091 Shares of BrightView Holdings, Inc. (NYSE:BV)

Bleakley Financial Group LLC decreased its holdings in BrightView Holdings, Inc. (NYSE:BV) by 92.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,937 shares of the company’s stock after selling 202,091 shares during the quarter. Bleakley Financial Group LLC’s holdings in BrightView were worth $251,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of BV. Driehaus Capital Management LLC bought a new position in BrightView during the 2nd quarter worth $13,086,000. Allspring Global Investments Holdings LLC bought a new position in BrightView in the 2nd quarter valued at about $9,857,000. Dimensional Fund Advisors LP increased its holdings in BrightView by 28.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,140,676 shares of the company’s stock valued at $41,772,000 after buying an additional 695,987 shares during the period. Kennedy Capital Management LLC bought a new position in BrightView in the 1st quarter valued at about $6,673,000. Finally, Roubaix Capital LLC bought a new position in BrightView in the 1st quarter valued at about $3,518,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on BV. Jefferies Financial Group raised shares of BrightView from a “hold” rating to a “buy” rating and raised their target price for the company from $13.00 to $17.00 in a report on Wednesday, August 21st. JPMorgan Chase & Co. raised their target price on BrightView from $11.00 to $14.00 and gave the company an “underweight” rating in a report on Friday, August 2nd. Loop Capital raised shares of BrightView to a “strong-buy” rating in a report on Tuesday, July 30th. Robert W. Baird raised shares of BrightView from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $13.00 to $17.00 in a report on Tuesday, July 30th. Finally, The Goldman Sachs Group increased their target price on shares of BrightView from $10.00 to $11.30 and gave the stock a “sell” rating in a report on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $15.47.

BrightView Stock Performance

NYSE:BV opened at $16.12 on Thursday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.64. BrightView Holdings, Inc. has a 1-year low of $6.58 and a 1-year high of $17.49. The stock has a market cap of $1.52 billion, a P/E ratio of 80.60 and a beta of 1.29. The stock’s 50-day moving average is $15.62 and its 200-day moving average is $13.99.

BrightView (NYSE:BV) last announced its earnings results on Wednesday, July 31st. The company reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. BrightView had a return on equity of 6.27% and a net margin of 2.06%. The firm had revenue of $738.80 million for the quarter, compared to the consensus estimate of $736.94 million. During the same period in the previous year, the business earned $0.40 EPS. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. Equities research analysts anticipate that BrightView Holdings, Inc. will post 0.66 earnings per share for the current year.

BrightView Company Profile

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.