Zurcher Kantonalbank Zurich Cantonalbank Has $270,000 Position in BrightView Holdings, Inc. (NYSE:BV)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of BrightView Holdings, Inc. (NYSE:BV) by 134.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,127 shares of the company’s stock after purchasing an additional 9,825 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in BrightView were worth $270,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. MetLife Investment Management LLC increased its stake in shares of BrightView by 25.6% in the third quarter. MetLife Investment Management LLC now owns 33,228 shares of the company’s stock worth $523,000 after acquiring an additional 6,768 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of BrightView by 4.6% in the third quarter. BNP Paribas Financial Markets now owns 24,184 shares of the company’s stock worth $381,000 after acquiring an additional 1,056 shares during the last quarter. FMR LLC increased its stake in shares of BrightView by 293.4% in the third quarter. FMR LLC now owns 6,884 shares of the company’s stock worth $108,000 after acquiring an additional 5,134 shares during the last quarter. Quantbot Technologies LP bought a new stake in BrightView in the third quarter worth $555,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in BrightView by 71.2% in the third quarter. The Manufacturers Life Insurance Company now owns 30,641 shares of the company’s stock worth $482,000 after purchasing an additional 12,745 shares in the last quarter. 92.41% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at BrightView

In other news, EVP Jonathan Mark Gottsegen sold 29,658 shares of BrightView stock in a transaction on Friday, November 15th. The shares were sold at an average price of $16.06, for a total transaction of $476,307.48. Following the transaction, the executive vice president now directly owns 100,354 shares of the company’s stock, valued at $1,611,685.24. This trade represents a 22.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.40% of the company’s stock.

BrightView Stock Performance

NYSE BV opened at $17.22 on Monday. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 156.56 and a beta of 1.30. The company has a 50 day moving average of $16.72 and a 200-day moving average of $15.13. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.63. BrightView Holdings, Inc. has a 1-year low of $7.74 and a 1-year high of $18.89.

BrightView (NYSE:BV) last released its quarterly earnings results on Wednesday, November 13th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.28 by $0.02. BrightView had a net margin of 2.40% and a return on equity of 7.65%. The business had revenue of $728.70 million for the quarter, compared to analysts’ expectations of $723.01 million. During the same period in the prior year, the firm earned $0.14 earnings per share. BrightView’s revenue was down 2.0% compared to the same quarter last year. On average, equities analysts forecast that BrightView Holdings, Inc. will post 0.75 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on BV shares. Jefferies Financial Group upgraded shares of BrightView from a “hold” rating to a “buy” rating and upped their price objective for the stock from $13.00 to $17.00 in a report on Wednesday, August 21st. William Blair upgraded shares of BrightView from a “market perform” rating to an “outperform” rating in a report on Friday, November 15th. Robert W. Baird upped their price objective on shares of BrightView from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. The Goldman Sachs Group upped their price target on shares of BrightView from $11.30 to $12.90 and gave the company a “sell” rating in a report on Friday, November 15th. Finally, Morgan Stanley started coverage on shares of BrightView in a report on Thursday, August 22nd. They set an “equal weight” rating and a $16.00 price target for the company. Two research analysts have rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.11.

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.