Dana Investment Advisors Inc. Sells 57,527 Shares of BrightView Holdings, Inc. (NYSE:BV)

Dana Investment Advisors Inc. reduced its stake in shares of BrightView Holdings, Inc. (NYSE:BV) by 7.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 676,202 shares of the company’s stock after selling 57,527 shares during the period. Dana Investment Advisors Inc. owned 0.72% of BrightView worth $8,993,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Quadrature Capital Ltd purchased a new stake in shares of BrightView in the fourth quarter worth $573,000. &PARTNERS purchased a new position in shares of BrightView in the second quarter valued at about $1,497,000. Thompson Siegel & Walmsley LLC bought a new position in shares of BrightView in the second quarter worth about $560,000. Driehaus Capital Management LLC purchased a new stake in shares of BrightView during the second quarter worth about $13,086,000. Finally, Kennedy Capital Management LLC bought a new stake in BrightView during the 1st quarter valued at approximately $6,673,000. 92.41% of the stock is currently owned by institutional investors.

BrightView Trading Up 2.0 %

Shares of BV stock opened at $15.74 on Tuesday. The company has a market cap of $1.49 billion, a PE ratio of 78.70 and a beta of 1.29. BrightView Holdings, Inc. has a 1 year low of $6.58 and a 1 year high of $16.26. The stock’s 50 day simple moving average is $14.96 and its two-hundred day simple moving average is $13.44. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.45 and a quick ratio of 1.45.

BrightView (NYSE:BV) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.32 earnings per share for the quarter, meeting the consensus estimate of $0.32. The company had revenue of $738.80 million for the quarter, compared to analyst estimates of $736.94 million. BrightView had a return on equity of 6.27% and a net margin of 2.06%. BrightView’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.40 EPS. Research analysts predict that BrightView Holdings, Inc. will post 0.66 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on BV shares. JPMorgan Chase & Co. increased their price objective on shares of BrightView from $11.00 to $14.00 and gave the company an “underweight” rating in a report on Friday, August 2nd. Jefferies Financial Group upgraded shares of BrightView from a “hold” rating to a “buy” rating and boosted their price target for the stock from $13.00 to $17.00 in a research note on Wednesday, August 21st. Baird R W upgraded BrightView from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 30th. Morgan Stanley started coverage on BrightView in a research note on Thursday, August 22nd. They set an “equal weight” rating and a $16.00 price target for the company. Finally, Loop Capital raised BrightView to a “strong-buy” rating in a research note on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $15.47.

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.