BrightView Holdings, Inc. (NYSE:BV) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its stake in BrightView Holdings, Inc. (NYSE:BV) by 14.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 863,192 shares of the company’s stock after selling 141,240 shares during the period. Charles Schwab Investment Management Inc. owned 0.91% of BrightView worth $13,587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in BV. Innealta Capital LLC acquired a new position in BrightView in the 2nd quarter valued at $102,000. Kathmere Capital Management LLC acquired a new position in shares of BrightView during the second quarter worth about $133,000. Quest Partners LLC purchased a new position in BrightView during the third quarter worth about $153,000. SG Americas Securities LLC lifted its position in BrightView by 73.1% in the third quarter. SG Americas Securities LLC now owns 13,563 shares of the company’s stock valued at $213,000 after purchasing an additional 5,727 shares during the period. Finally, Arizona State Retirement System boosted its holdings in BrightView by 48.4% in the 2nd 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. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Analyst Ratings Changes

BV has been the subject of several recent analyst reports. The Goldman Sachs Group raised their price target on BrightView from $11.30 to $12.90 and gave the company a “sell” rating in a report 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. BTIG Research assumed coverage on BrightView in a report on Monday, December 2nd. They set a “buy” rating and a $22.00 target price on the stock. Robert W. Baird increased their price objective on BrightView from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Finally, Loop Capital raised their target price on shares of BrightView from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, BrightView presently has a consensus rating of “Moderate Buy” and an average target price of $17.11.

Insiders Place Their Bets

In related 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 value of $476,307.48. Following the completion of the sale, the executive vice president now owns 100,354 shares in the company, valued at approximately $1,611,685.24. The trade was a 22.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.40% of the stock is currently owned by company insiders.

BrightView Trading Down 3.7 %

NYSE BV opened at $17.22 on Monday. The company’s 50 day moving average price is $16.72 and its 200 day moving average price is $15.13. BrightView Holdings, Inc. has a one year low of $7.74 and a one year 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. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 156.56 and a beta of 1.30.

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, beating the consensus estimate of $0.28 by $0.02. The firm had revenue of $728.70 million during the quarter, compared to the consensus estimate of $723.01 million. BrightView had a return on equity of 7.65% and a net margin of 2.40%. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 EPS. On average, sell-side analysts predict that BrightView Holdings, Inc. will post 0.75 EPS for the current year.

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.