GSA Capital Partners LLP Takes $404,000 Position in BrightView Holdings, Inc. (NYSE:BV)

GSA Capital Partners LLP acquired a new position in BrightView Holdings, Inc. (NYSE:BV) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,670 shares of the company’s stock, valued at approximately $404,000.

A number of other large investors have also recently bought and sold shares of BV. Innealta Capital LLC bought a new stake in shares of BrightView during the second quarter valued at approximately $102,000. Kathmere Capital Management LLC acquired a new stake in shares of BrightView during the second quarter worth $133,000. Caxton Associates LP acquired a new stake in shares of BrightView during the first quarter worth $201,000. SG Americas Securities LLC raised its holdings in shares of BrightView by 73.1% during the third quarter. SG Americas Securities LLC now owns 13,563 shares of the company’s stock worth $213,000 after acquiring an additional 5,727 shares during the period. Finally, Arizona State Retirement System grew its position in BrightView by 48.4% in the second quarter. Arizona State Retirement System now owns 17,177 shares of the company’s stock valued at $228,000 after purchasing an additional 5,601 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors.

BrightView Price Performance

BV opened at $16.66 on Friday. The firm has a market cap of $1.58 billion, a P/E ratio of 151.47 and a beta of 1.28. The firm has a 50-day moving average of $16.32 and a 200 day moving average of $14.78. 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 Holdings, Inc. has a fifty-two week low of $7.29 and a fifty-two week high of $18.89.

BrightView (NYSE:BV) last announced its quarterly earnings results 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. The firm had revenue of $728.70 million for the quarter, compared to the consensus estimate of $723.01 million. BrightView had a net margin of 2.40% and a return on equity of 7.65%. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.14 earnings per share. On average, research analysts expect that BrightView Holdings, Inc. will post 0.76 EPS for the current year.

Insiders Place Their Bets

In other BrightView news, EVP Jonathan Mark Gottsegen sold 29,658 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $16.06, for a total transaction 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 $1,611,685.24. This represents a 22.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.40% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on BV. Loop Capital lifted their price objective on shares of BrightView from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, November 15th. JPMorgan Chase & Co. lifted their target price on shares of BrightView from $11.00 to $14.00 and gave the stock an “underweight” rating in a report on Friday, August 2nd. Morgan Stanley assumed coverage on shares of BrightView in a report on Thursday, August 22nd. They set an “equal weight” rating and a $16.00 target price for the company. Robert W. Baird lifted their target price on shares of BrightView from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Finally, William Blair raised shares of BrightView from a “market perform” rating to an “outperform” rating in a report on Friday, November 15th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $16.41.

BrightView 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.