Jane Street Group LLC Cuts Holdings in BrightView Holdings, Inc. (NYSE:BV)

Jane Street Group LLC reduced its position in BrightView Holdings, Inc. (NYSE:BV) by 53.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 42,243 shares of the company’s stock after selling 48,643 shares during the period. Jane Street Group LLC’s holdings in BrightView were worth $665,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its holdings in shares of BrightView by 4.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 24,184 shares of the company’s stock valued at $381,000 after acquiring an additional 1,056 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of BrightView by 8.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,896 shares of the company’s stock valued at $238,000 after purchasing an additional 1,431 shares during the last quarter. Creative Planning lifted its stake in shares of BrightView by 7.0% in the 3rd quarter. Creative Planning now owns 24,019 shares of the company’s stock valued at $378,000 after purchasing an additional 1,564 shares during the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of BrightView by 3.2% in the 3rd quarter. Los Angeles Capital Management LLC now owns 75,524 shares of the company’s stock worth $1,189,000 after purchasing an additional 2,340 shares during the period. Finally, Millburn Ridgefield Corp bought a new position in shares of BrightView during the 3rd quarter valued at approximately $45,000. 92.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. The Goldman Sachs Group lifted their price objective on shares of BrightView from $11.30 to $12.90 and gave the stock a “sell” rating in a research note on Friday, November 15th. Loop Capital lifted their price target on shares of BrightView from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. BTIG Research assumed coverage on shares of BrightView in a report on Monday, December 2nd. They set a “buy” rating and a $22.00 price target on the stock. Morgan Stanley raised their price objective on shares of BrightView from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Finally, William Blair raised BrightView from a “market perform” rating to an “outperform” rating in a research note on Friday, November 15th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, BrightView presently has an average rating of “Moderate Buy” and a consensus target price of $17.11.

BrightView Price Performance

Shares of BV stock opened at $16.02 on Friday. The company has a market capitalization of $1.52 billion, a P/E ratio of 145.65 and a beta of 1.30. The company’s 50-day simple moving average is $16.77 and its two-hundred day simple moving average is $15.45. BrightView Holdings, Inc. has a one year low of $7.75 and a one year high of $18.89. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.44 and a quick ratio of 1.44.

BrightView (NYSE:BV) last announced its quarterly earnings data on Wednesday, November 13th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.02. The company had revenue of $728.70 million for the quarter, compared to analysts’ expectations of $723.01 million. BrightView had a return on equity of 7.65% and a net margin of 2.40%. BrightView’s revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.14 earnings per share. As a group, equities analysts anticipate that BrightView Holdings, Inc. will post 0.75 EPS for the current year.

Insider Activity

In other BrightView news, EVP Jonathan Mark Gottsegen sold 29,658 shares of the company’s stock in a transaction 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 sale, the executive vice president now owns 100,354 shares in the company, valued at $1,611,685.24. This represents a 22.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.40% of the company’s stock.

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.