GSA Capital Partners LLP Buys New Shares in BrightView Holdings, Inc. (NYSE:BV)

GSA Capital Partners LLP purchased a new stake in BrightView Holdings, Inc. (NYSE:BV) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 25,670 shares of the company’s stock, valued at approximately $404,000.

Several other hedge funds also recently added to or reduced their stakes in BV. Innealta Capital LLC acquired a new position in shares of BrightView during the 2nd quarter worth about $102,000. Kathmere Capital Management LLC acquired a new position in shares of BrightView during the 2nd quarter worth about $133,000. Caxton Associates LP acquired a new stake in BrightView in the 1st quarter valued at about $201,000. SG Americas Securities LLC raised its holdings in BrightView by 73.1% in the 3rd quarter. SG Americas Securities LLC now owns 13,563 shares of the company’s stock valued at $213,000 after acquiring an additional 5,727 shares during the last quarter. Finally, Arizona State Retirement System raised its holdings in BrightView by 48.4% in the 2nd quarter. Arizona State Retirement System now owns 17,177 shares of the company’s stock valued at $228,000 after acquiring an additional 5,601 shares during the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on BV shares. Baird R W upgraded shares of BrightView from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 30th. Jefferies Financial Group raised shares of BrightView from a “hold” rating to a “buy” rating and increased their price objective for the stock from $13.00 to $17.00 in a research report on Wednesday, August 21st. Morgan Stanley started coverage on shares of BrightView in a research report on Thursday, August 22nd. They set an “equal weight” rating and a $16.00 price objective for the company. The Goldman Sachs Group raised their price target on shares of BrightView from $11.30 to $12.90 and gave the company a “sell” rating in a research report on Friday, November 15th. Finally, JPMorgan Chase & Co. raised their price target on shares of BrightView from $11.00 to $14.00 and gave the company an “underweight” rating in a research report on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $16.41.

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 completion of 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 Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.40% of the company’s stock.

BrightView Price Performance

Shares of BV stock opened at $16.66 on Friday. The company has a market capitalization of $1.58 billion, a PE ratio of 151.47 and a beta of 1.28. The firm has a fifty day simple moving average of $16.32 and a 200-day simple moving average of $14.78. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.63. BrightView Holdings, Inc. has a twelve month low of $7.29 and a twelve month high of $18.89.

BrightView (NYSE:BV) last issued its earnings results on Wednesday, November 13th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.28 by $0.02. BrightView had a return on equity of 7.65% and a net margin of 2.40%. The company had revenue of $728.70 million during the quarter, compared to analyst estimates of $723.01 million. During the same quarter last year, the firm earned $0.14 EPS. The business’s revenue was down 2.0% on a year-over-year basis. Equities research analysts anticipate that BrightView Holdings, Inc. will post 0.76 earnings per share for the current fiscal year.

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.