Driehaus Capital Management LLC Purchases New Position in BrightView Holdings, Inc. (NYSE:BV)

Driehaus Capital Management LLC purchased a new stake in shares of BrightView Holdings, Inc. (NYSE:BV) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 983,891 shares of the company’s stock, valued at approximately $13,086,000. Driehaus Capital Management LLC owned about 1.04% of BrightView at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BV. Allspring Global Investments Holdings LLC bought a new stake in shares of BrightView in the 2nd quarter valued at approximately $9,857,000. Dimensional Fund Advisors LP lifted its stake in shares of BrightView by 28.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,140,676 shares of the company’s stock valued at $41,772,000 after purchasing an additional 695,987 shares during the last quarter. Kennedy Capital Management LLC bought a new stake in shares of BrightView in the 1st quarter valued at approximately $6,673,000. Roubaix Capital LLC bought a new stake in shares of BrightView in the 1st quarter valued at approximately $3,518,000. Finally, Redmond Asset Management LLC bought a new stake in shares of BrightView in the 1st quarter valued at approximately $2,281,000. 92.41% of the stock is owned by institutional investors.

BrightView Trading Down 0.6 %

BV opened at $15.43 on Friday. BrightView Holdings, Inc. has a 12 month low of $6.58 and a 12 month high of $16.26. The stock has a fifty day moving average price of $14.92 and a 200-day moving average price of $13.38. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.64. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 77.15 and a beta of 1.29.

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on BV shares. Loop Capital raised BrightView to a “strong-buy” rating in a research note on Tuesday, July 30th. Morgan Stanley assumed coverage on BrightView in a report on Thursday, August 22nd. They issued an “equal weight” rating and a $16.00 price target on the stock. Baird R W upgraded BrightView from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. increased their price target on BrightView from $11.00 to $14.00 and gave the stock an “underweight” rating in a report on Friday, August 2nd. Finally, Jefferies Financial Group upgraded BrightView from a “hold” rating to a “buy” rating and increased their price target for the stock from $13.00 to $17.00 in a report on Wednesday, August 21st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.47.

BrightView 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.