Geode Capital Management LLC Has $21.06 Million Stake in BrightView Holdings, Inc. (NYSE:BV)

Geode Capital Management LLC increased its position in BrightView Holdings, Inc. (NYSE:BV) by 18.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,337,545 shares of the company’s stock after purchasing an additional 206,359 shares during the quarter. Geode Capital Management LLC owned approximately 1.41% of BrightView worth $21,057,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Driehaus Capital Management LLC bought a new stake in shares of BrightView in the 2nd quarter valued at approximately $13,086,000. Allspring Global Investments Holdings LLC acquired a new stake in BrightView in the 2nd quarter valued at $9,857,000. Dimensional Fund Advisors LP grew its position in BrightView by 28.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,140,676 shares of the company’s stock valued at $41,772,000 after acquiring an additional 695,987 shares during the period. Harbor Capital Advisors Inc. raised its stake in BrightView by 150.5% during the third quarter. Harbor Capital Advisors Inc. now owns 632,394 shares of the company’s stock worth $9,954,000 after acquiring an additional 379,916 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC lifted its holdings in shares of BrightView by 704.9% during the third quarter. Thompson Siegel & Walmsley LLC now owns 339,054 shares of the company’s stock valued at $5,337,000 after acquiring an additional 296,931 shares during the period. Institutional investors and hedge funds own 92.41% of the company’s stock.

BrightView Stock Down 2.2 %

Shares of BrightView stock opened at $16.04 on Friday. BrightView Holdings, Inc. has a 1 year low of $7.75 and a 1 year high of $18.89. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.44 and a quick ratio of 1.44. The company has a market capitalization of $1.52 billion, a P/E ratio of 145.83 and a beta of 1.30. The business has a 50-day moving average of $16.79 and a two-hundred day moving average of $15.39.

BrightView (NYSE:BV) last released its quarterly earnings results on Wednesday, November 13th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $723.01 million. During the same quarter in the prior year, the company earned $0.14 earnings per share. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. As a group, equities analysts predict that BrightView Holdings, Inc. will post 0.75 EPS for the current year.

Insider Activity at BrightView

In other news, EVP Jonathan Mark Gottsegen sold 29,658 shares of the stock in a transaction dated Friday, November 15th. The shares were 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 directly owns 100,354 shares in the company, valued at $1,611,685.24. This represents a 22.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

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.