SG Americas Securities LLC Buys 5,727 Shares of BrightView Holdings, Inc. (NYSE:BV)

SG Americas Securities LLC grew its stake in shares of BrightView Holdings, Inc. (NYSE:BV) by 73.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,563 shares of the company’s stock after purchasing an additional 5,727 shares during the period. SG Americas Securities LLC’s holdings in BrightView were worth $213,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Innealta Capital LLC bought a new stake in BrightView during the second quarter worth about $102,000. Kathmere Capital Management LLC bought a new stake in BrightView during the second quarter worth about $133,000. Susquehanna Fundamental Investments LLC bought a new stake in BrightView during the first quarter worth about $155,000. Caxton Associates LP bought a new stake in BrightView during the first quarter worth about $201,000. Finally, Arizona State Retirement System boosted its stake in BrightView by 48.4% during the second quarter. Arizona State Retirement System now owns 17,177 shares of the company’s stock worth $228,000 after acquiring an additional 5,601 shares in the last quarter. Institutional investors own 92.41% of the company’s stock.

BrightView Stock Down 2.4 %

Shares of BV stock opened at $16.18 on Wednesday. BrightView Holdings, Inc. has a 12 month low of $6.58 and a 12 month high of $17.49. The stock has a market cap of $1.53 billion, a P/E ratio of 80.90 and a beta of 1.29. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.64. The company has a 50 day simple moving average of $15.59 and a two-hundred day simple moving average of $13.96.

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

Analyst Upgrades and Downgrades

BV has been the topic of several analyst reports. Robert W. Baird upgraded shares of BrightView from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $13.00 to $17.00 in a research note on Tuesday, July 30th. Baird R W upgraded shares of BrightView from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 30th. The Goldman Sachs Group upped their target price on shares of BrightView from $10.00 to $11.30 and gave the stock a “sell” rating in a research note on Friday, August 2nd. Loop Capital upgraded shares of BrightView to a “strong-buy” rating in a research note on Tuesday, July 30th. Finally, Morgan Stanley initiated coverage on shares of BrightView in a research note on Thursday, August 22nd. They issued an “equal weight” rating and a $16.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, one has issued 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.