BNP Paribas Financial Markets Purchases 1,056 Shares of BrightView Holdings, Inc. (NYSE:BV)

BNP Paribas Financial Markets boosted its holdings in BrightView Holdings, Inc. (NYSE:BV) by 4.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,184 shares of the company’s stock after purchasing an additional 1,056 shares during the quarter. BNP Paribas Financial Markets’ holdings in BrightView were worth $381,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in BV. &PARTNERS purchased a new position in shares of BrightView during the second quarter valued at approximately $1,497,000. Thompson Siegel & Walmsley LLC purchased a new position in BrightView during the second quarter worth about $560,000. Driehaus Capital Management LLC bought a new stake in BrightView in the 2nd quarter worth about $13,086,000. Telemark Asset Management LLC increased its stake in BrightView by 14.3% in the 3rd 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 during the last quarter. Finally, Anchor Capital Advisors LLC bought a new position in shares of BrightView during the 2nd quarter worth approximately $626,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

BrightView Stock Up 0.2 %

BV opened at $16.85 on Friday. BrightView Holdings, Inc. has a 12 month low of $7.75 and a 12 month high of $18.89. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.63. The business’s 50-day moving average price is $16.84 and its 200-day moving average price is $15.22. The company has a market cap of $1.60 billion, a P/E ratio of 153.18 and a beta of 1.30.

BrightView (NYSE:BV) last announced its quarterly earnings data on Wednesday, November 13th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.02. The firm 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%. During the same quarter in the previous year, the company posted $0.14 earnings per share. The business’s revenue was down 2.0% on a year-over-year basis. On average, equities analysts expect that BrightView Holdings, Inc. will post 0.75 EPS for the current year.

Insider Buying and Selling at BrightView

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 value of $476,307.48. Following the completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. 2.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

BV has been the topic of several research analyst reports. Loop Capital boosted their price objective on BrightView from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Robert W. Baird increased their target price on shares of BrightView from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Morgan Stanley lifted their price target on shares of BrightView from $15.00 to $16.00 and gave the stock an “equal weight” rating in a report on Thursday. Jefferies Financial Group raised BrightView from a “hold” rating to a “buy” rating and increased their price objective for the company from $13.00 to $17.00 in a report on Wednesday, August 21st. Finally, BTIG Research assumed coverage on shares of BrightView in a research note on Monday, December 2nd. They set a “buy” rating and a $22.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.11.

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.