Jane Street Group LLC Sells 48,643 Shares of BrightView Holdings, Inc. (NYSE:BV)

Jane Street Group LLC trimmed its position in shares of BrightView Holdings, Inc. (NYSE:BV) by 53.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,243 shares of the company’s stock after selling 48,643 shares during the period. Jane Street Group LLC’s holdings in BrightView were worth $665,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Driehaus Capital Management LLC bought a new position in BrightView in the 2nd quarter worth $13,086,000. Dimensional Fund Advisors LP increased its position in shares of BrightView by 28.5% during the second 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. Harbor Capital Advisors Inc. raised its stake in BrightView by 150.5% in the third quarter. Harbor Capital Advisors Inc. now owns 632,394 shares of the company’s stock worth $9,954,000 after buying an additional 379,916 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its holdings in BrightView by 704.9% in the third quarter. Thompson Siegel & Walmsley LLC now owns 339,054 shares of the company’s stock worth $5,337,000 after buying an additional 296,931 shares during the period. Finally, State Street Corp boosted its position in BrightView by 17.1% during the 3rd quarter. State Street Corp now owns 1,211,909 shares of the company’s stock valued at $19,075,000 after acquiring an additional 177,105 shares in the last quarter. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Robert W. Baird increased their price objective on BrightView from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. BTIG Research began coverage on shares of BrightView in a research note on Monday, December 2nd. They issued a “buy” rating and a $22.00 price target for the company. The Goldman Sachs Group boosted their price objective on shares of BrightView from $11.30 to $12.90 and gave the stock a “sell” rating in a research note on Friday, November 15th. William Blair upgraded shares of BrightView from a “market perform” rating to an “outperform” rating in a report on Friday, November 15th. Finally, Loop Capital lifted their target price on shares of BrightView from $18.00 to $20.00 and gave the company a “buy” rating in a report on Friday, November 15th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, BrightView has a consensus rating of “Moderate Buy” and an average target price of $17.11.

Insider Activity

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

BrightView Stock Up 1.1 %

BV stock opened at $16.02 on Friday. The business’s 50-day moving average is $16.77 and its two-hundred day moving average is $15.45. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 145.65 and a beta of 1.30. BrightView Holdings, Inc. has a fifty-two week low of $7.75 and a fifty-two week high of $18.89. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.44 and a current ratio of 1.44.

BrightView (NYSE:BV) last posted its quarterly earnings data on Wednesday, November 13th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. BrightView had a net margin of 2.40% and a return on equity of 7.65%. The company had revenue of $728.70 million for the quarter, compared to the consensus estimate of $723.01 million. During the same quarter last year, the firm posted $0.14 earnings per share. The firm’s revenue was down 2.0% compared to the same quarter last year. As a group, analysts forecast that BrightView Holdings, Inc. will post 0.75 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.