35,246 Shares in BrightView Holdings, Inc. (NYSE:BV) Purchased by Quantbot Technologies LP

Quantbot Technologies LP purchased a new stake in BrightView Holdings, Inc. (NYSE:BV) during the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 35,246 shares of the company’s stock, valued at approximately $555,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. &PARTNERS acquired a new position in shares of BrightView during the 2nd quarter valued at $1,497,000. Thompson Siegel & Walmsley LLC acquired a new position in shares of BrightView during the second quarter worth about $560,000. Driehaus Capital Management LLC purchased a new stake in shares of BrightView in the second quarter worth about $13,086,000. Telemark Asset Management LLC grew its stake in shares of BrightView by 14.3% in the third quarter. Telemark Asset Management LLC now owns 800,000 shares of the company’s stock valued at $12,592,000 after buying an additional 100,000 shares in the last quarter. Finally, Anchor Capital Advisors LLC purchased a new stake in shares of BrightView during the 2nd quarter valued at about $626,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on BV shares. Morgan Stanley assumed 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 for the company. BTIG Research started coverage on shares of BrightView in a research note on Monday. They set a “buy” rating and a $22.00 price target on the stock. Loop Capital upped their price objective 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. Jefferies Financial Group upgraded 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. Finally, Robert W. Baird increased their price target on BrightView from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has assigned 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 Stock Up 1.3 %

NYSE:BV opened at $17.33 on Tuesday. The stock has a 50-day simple moving average of $16.51 and a 200 day simple moving average of $15.00. BrightView Holdings, Inc. has a one year low of $7.74 and a one year high of $18.89. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 157.55 and a beta of 1.28. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.44 and a current ratio of 1.44.

BrightView (NYSE:BV) last issued its quarterly earnings results on Wednesday, November 13th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. The business had revenue of $728.70 million during the quarter, compared to the consensus estimate of $723.01 million. BrightView had a return on equity of 7.65% and a net margin of 2.40%. The business’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.14 EPS. Sell-side analysts predict that BrightView Holdings, Inc. will post 0.75 EPS for the current fiscal year.

Insider Transactions at BrightView

In other news, EVP Jonathan Mark Gottsegen sold 29,658 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 100,354 shares in the company, valued at approximately $1,611,685.24. This represents a 22.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.40% of the company’s stock.

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.