Quantbot Technologies LP Sells 32,913 Shares of BrightView Holdings, Inc. (NYSE:BV)

Quantbot Technologies LP cut its holdings in shares of BrightView Holdings, Inc. (NYSE:BV) by 93.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,333 shares of the company’s stock after selling 32,913 shares during the quarter. Quantbot Technologies LP’s holdings in BrightView were worth $37,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in BV. Millburn Ridgefield Corp purchased a new position in shares of BrightView in the third quarter worth $45,000. New York State Teachers Retirement System grew its holdings in BrightView by 32.1% in the 4th quarter. New York State Teachers Retirement System now owns 5,326 shares of the company’s stock worth $85,000 after acquiring an additional 1,293 shares during the last quarter. FMR LLC grew its holdings in BrightView by 293.4% in the 3rd 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. XTX Topco Ltd purchased a new position in shares of BrightView in the third quarter valued at about $184,000. Finally, Centiva Capital LP bought a new position in shares of BrightView during the third quarter valued at about $195,000. 92.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley upped their price target on BrightView from $15.00 to $16.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Two analysts have rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $17.41.

BrightView Price Performance

Shares of NYSE:BV opened at $13.01 on Wednesday. The firm’s 50 day moving average price is $13.97 and its 200-day moving average price is $15.52. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $1.24 billion, a PE ratio of 72.27 and a beta of 1.32. BrightView Holdings, Inc. has a twelve month low of $10.69 and a twelve month high of $18.89.

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.