BrightView Holdings, Inc. (NYSE:BV) Shares Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company increased its holdings in BrightView Holdings, Inc. (NYSE:BV) by 8.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,896 shares of the company’s stock after acquiring an additional 1,431 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in BrightView were worth $238,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Quadrature Capital Ltd acquired a new position in BrightView in the 4th quarter valued at $573,000. &PARTNERS purchased a new stake in shares of BrightView during the 2nd quarter worth $1,497,000. Thompson Siegel & Walmsley LLC purchased a new stake in shares of BrightView during the 2nd quarter worth $560,000. Kennedy Capital Management LLC purchased a new stake in shares of BrightView during the 1st quarter worth $6,673,000. Finally, Anchor Capital Advisors LLC purchased a new stake in shares of BrightView during the 2nd quarter worth $626,000. 92.41% of the stock is owned by institutional investors and hedge funds.

BrightView Price Performance

NYSE:BV opened at $16.76 on Friday. BrightView Holdings, Inc. has a 12-month low of $6.58 and a 12-month high of $17.49. The company’s 50-day moving average is $15.55 and its two-hundred day moving average is $13.90. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.64. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 83.80 and a beta of 1.29.

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

Analyst Upgrades and Downgrades

Several brokerages have commented on BV. Loop Capital upgraded shares of BrightView to a “strong-buy” rating in a research report on Tuesday, July 30th. Morgan Stanley initiated coverage on shares of BrightView in a research report on Thursday, August 22nd. They issued an “equal weight” rating and a $16.00 price objective on the stock. Baird R W upgraded shares of BrightView from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 30th. Jefferies Financial Group upgraded shares of BrightView from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $13.00 to $17.00 in a research report on Wednesday, August 21st. Finally, Robert W. Baird upgraded shares of BrightView from a “neutral” rating to an “outperform” rating and upped their target price for the company from $13.00 to $17.00 in a report on Tuesday, July 30th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $15.47.

BrightView Company 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.