Janney Montgomery Scott LLC Invests $273,000 in BrightView Holdings, Inc. (NYSE:BV)

Janney Montgomery Scott LLC acquired a new stake in BrightView Holdings, Inc. (NYSE:BV) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 17,066 shares of the company’s stock, valued at approximately $273,000.

A number of other large investors also recently bought and sold shares of the stock. Millburn Ridgefield Corp acquired a new stake in shares of BrightView in the third quarter valued at $45,000. FMR LLC boosted its holdings in 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 acquiring an additional 5,134 shares during the period. Quest Partners LLC acquired a new position in BrightView in the 3rd quarter valued at about $153,000. XTX Topco Ltd purchased a new stake in BrightView during the third quarter worth about $184,000. Finally, Centiva Capital LP acquired a new stake in shares of BrightView during the third quarter worth about $195,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

Insider Activity at BrightView

In other BrightView news, EVP Jonathan Mark Gottsegen sold 29,658 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $16.06, for a total transaction of $476,307.48. Following the transaction, the executive vice president now owns 100,354 shares of the company’s stock, valued at $1,611,685.24. This trade represents a 22.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on BV. Morgan Stanley boosted their target price on BrightView from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. BTIG Research started coverage on shares of BrightView in a research note on Monday, December 2nd. They set a “buy” rating and a $22.00 target price on the stock. William Blair upgraded shares of BrightView from a “market perform” rating to an “outperform” rating in a research note on Friday, November 15th. The Goldman Sachs Group boosted their price target on shares of BrightView from $11.30 to $12.90 and gave the stock a “sell” rating in a report on Friday, November 15th. Finally, Loop Capital raised their price objective on shares of BrightView from $18.00 to $20.00 and gave the company a “buy” rating in a report on Friday, November 15th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $17.11.

BrightView Stock Down 0.1 %

Shares of BrightView stock opened at $14.58 on Wednesday. The company has a market cap of $1.39 billion, a P/E ratio of 81.01 and a beta of 1.29. The firm has a fifty day moving average of $15.98 and a two-hundred day moving average of $15.92. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.44 and a current ratio of 1.43. BrightView Holdings, Inc. has a one year low of $8.12 and a one year high of $18.89.

BrightView (NYSE:BV) last posted its quarterly earnings results on Wednesday, November 13th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.28 by $0.02. BrightView had a return on equity of 7.86% and a net margin of 2.64%. The business had revenue of $728.70 million during the quarter, compared to analysts’ expectations of $723.01 million. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period last year, the firm earned $0.14 EPS. On average, analysts forecast that BrightView Holdings, Inc. will post 0.75 earnings per share 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.