BrightView Holdings, Inc. (NYSE:BV) Shares Bought by Rhumbline Advisers

Rhumbline Advisers lifted its holdings in BrightView Holdings, Inc. (NYSE:BV) by 5.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 74,280 shares of the company’s stock after buying an additional 3,835 shares during the quarter. Rhumbline Advisers’ holdings in BrightView were worth $988,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Teacher Retirement System of Texas acquired a new position in BrightView in the fourth quarter valued at approximately $92,000. Aigen Investment Management LP bought a new position in BrightView during the 4th quarter worth $94,000. Innealta Capital LLC acquired a new stake in BrightView in the second quarter worth $102,000. Dynamic Technology Lab Private Ltd bought a new stake in BrightView in the fourth quarter valued at $128,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of BrightView during the first quarter valued at $155,000. 92.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BV has been the topic of a number of analyst reports. Morgan Stanley assumed coverage on shares of BrightView in a report on Thursday, August 22nd. They issued an “equal weight” rating and a $16.00 price objective on the stock. Loop Capital upgraded shares of BrightView to a “strong-buy” rating in a research note on Tuesday, July 30th. The Goldman Sachs Group boosted their price objective on BrightView from $10.00 to $11.30 and gave the stock a “sell” rating in a research report on Friday, August 2nd. Robert W. Baird upgraded BrightView from a “neutral” rating to an “outperform” rating and raised their target price for the company from $13.00 to $17.00 in a research report on Tuesday, July 30th. Finally, 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 report on Wednesday, August 21st. Two analysts have rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, BrightView currently has an average rating of “Moderate Buy” and a consensus target price of $15.47.

BrightView Stock Performance

Shares of NYSE BV opened at $15.72 on Monday. BrightView Holdings, Inc. has a 1 year low of $6.58 and a 1 year high of $16.26. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a fifty day moving average price of $14.71 and a two-hundred day moving average price of $13.21. The firm has a market cap of $1.49 billion, a P/E ratio of 78.60 and a beta of 1.29.

BrightView (NYSE:BV) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. BrightView had a net margin of 2.06% and a return on equity of 6.27%. The firm had revenue of $738.80 million for the quarter, compared to analysts’ expectations of $736.94 million. During the same period in the previous year, the business earned $0.40 earnings per share. BrightView’s revenue for the quarter was down 3.6% compared to the same quarter last year. Research analysts forecast that BrightView Holdings, Inc. will post 0.66 EPS for the current fiscal year.

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.