Hsbc Holdings PLC Trims Stock Holdings in BrightView Holdings, Inc. (NYSE:BV)

Hsbc Holdings PLC lowered its position in shares of BrightView Holdings, Inc. (NYSE:BV) by 71.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,652 shares of the company’s stock after selling 29,648 shares during the quarter. Hsbc Holdings PLC’s holdings in BrightView were worth $155,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of BV. Quadrature Capital Ltd bought a new position in BrightView during the 4th quarter valued at approximately $573,000. Empowered Funds LLC raised its position in shares of BrightView by 8.2% in the 1st quarter. Empowered Funds LLC now owns 385,815 shares of the company’s stock worth $4,591,000 after purchasing an additional 29,192 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in BrightView in the 1st quarter worth about $155,000. Redmond Asset Management LLC purchased a new stake in BrightView during the 1st quarter valued at about $2,281,000. Finally, Sei Investments Co. increased its stake in BrightView by 6.1% during the 1st quarter. Sei Investments Co. now owns 238,834 shares of the company’s stock valued at $2,842,000 after purchasing an additional 13,756 shares in the last quarter. Institutional investors own 92.41% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Robert W. Baird upgraded shares of BrightView from a “neutral” rating to an “outperform” rating and increased their price target for the company from $13.00 to $17.00 in a report 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 target price for the company. Baird R W raised BrightView from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. lifted their price objective 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 raised shares of BrightView from a “hold” rating to a “buy” rating and boosted their price objective for the company from $13.00 to $17.00 in a report on Wednesday, August 21st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, BrightView currently has a consensus rating of “Moderate Buy” and an average price target of $15.47.

BrightView Trading Up 3.6 %

Shares of BV stock opened at $16.03 on Friday. BrightView Holdings, Inc. has a 1 year low of $6.58 and a 1 year high of $16.26. The firm has a fifty day moving average price of $15.13 and a 200-day moving average price of $13.55. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 80.15 and a beta of 1.29. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.45 and a quick ratio of 1.45.

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

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.