BrightView Holdings, Inc. (NYSE:BV) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in shares of BrightView Holdings, Inc. (NYSE:BV) by 6.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 115,435 shares of the company’s stock after selling 7,731 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in BrightView were worth $1,817,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BV. &PARTNERS acquired a new stake in shares of BrightView during the second quarter worth about $1,497,000. Bank of New York Mellon Corp increased its stake in BrightView by 16.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 218,111 shares of the company’s stock worth $2,901,000 after buying an additional 30,042 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in BrightView during the 2nd quarter worth approximately $9,857,000. Innealta Capital LLC purchased a new position in BrightView in the 2nd quarter valued at approximately $102,000. Finally, Natixis Advisors LLC acquired a new position in shares of BrightView in the second quarter worth $662,000. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

BrightView Price Performance

Shares of NYSE BV opened at $16.85 on Monday. The stock’s 50-day simple moving average is $16.84 and its 200-day simple moving average is $15.23. The firm has a market capitalization of $1.60 billion, a PE ratio of 153.18 and a beta of 1.30. BrightView Holdings, Inc. has a fifty-two week low of $7.75 and a fifty-two week high of $18.89. 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 announced 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. The company had revenue of $728.70 million for the quarter, compared to analyst estimates of $723.01 million. BrightView had a net margin of 2.40% and a return on equity of 7.65%. The firm’s revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.14 earnings per share. As a group, equities research analysts forecast that BrightView Holdings, Inc. will post 0.75 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Jonathan Mark Gottsegen sold 29,658 shares of the firm’s 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 transaction, the executive vice president now owns 100,354 shares in the company, valued at $1,611,685.24. This trade represents a 22.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

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