JPMorgan Chase & Co. Boosts Stock Position in BrightView Holdings, Inc. (NYSE:BV)

JPMorgan Chase & Co. boosted its position in BrightView Holdings, Inc. (NYSE:BV) by 19.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 44,298 shares of the company’s stock after purchasing an additional 7,322 shares during the quarter. JPMorgan Chase & Co.’s holdings in BrightView were worth $697,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Millburn Ridgefield Corp purchased a new stake in BrightView in the third quarter valued at approximately $45,000. FMR LLC grew its stake in shares of BrightView by 293.4% during the 3rd quarter. FMR LLC now owns 6,884 shares of the company’s stock valued at $108,000 after buying an additional 5,134 shares during the period. Kathmere Capital Management LLC purchased a new stake in shares of BrightView during the 2nd quarter valued at $133,000. Quest Partners LLC acquired a new stake in shares of BrightView during the 3rd quarter worth $153,000. Finally, XTX Topco Ltd purchased a new position in shares of BrightView in the 3rd quarter worth $184,000. 92.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BV has been the subject of a number of research reports. Morgan Stanley boosted 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. William Blair raised shares of BrightView from a “market perform” rating to an “outperform” rating in a research report on Friday, November 15th. Loop Capital lifted their price target 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. BTIG Research began coverage on shares of BrightView in a research report on Monday, December 2nd. They issued a “buy” rating and a $22.00 price objective for the company. Finally, Robert W. Baird lifted their target price on shares of BrightView from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. 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. According to data from MarketBeat.com, BrightView has an average rating of “Moderate Buy” and an average price target of $17.11.

Insider Buying and Selling

In related news, EVP Jonathan Mark Gottsegen sold 29,658 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now directly owns 100,354 shares in the company, valued at $1,611,685.24. This trade represents a 22.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.20% of the company’s stock.

BrightView Stock Performance

Shares of BV opened at $15.59 on Monday. BrightView Holdings, Inc. has a 52-week low of $8.12 and a 52-week high of $18.89. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.63. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 141.72 and a beta of 1.30. The business’s 50 day moving average is $16.30 and its two-hundred day moving average is $15.74.

BrightView (NYSE:BV) last posted its quarterly earnings data on Wednesday, November 13th. The company reported $0.30 EPS for the quarter, beating 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 firm’s revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 EPS. Analysts forecast that BrightView Holdings, Inc. will post 0.75 EPS for the current fiscal year.

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.