BrightView Holdings, Inc. $BV Shares Sold by Strs Ohio

Strs Ohio lowered its holdings in BrightView Holdings, Inc. (NYSE:BV) by 81.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,700 shares of the company’s stock after selling 157,300 shares during the period. Strs Ohio’s holdings in BrightView were worth $492,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Royal Bank of Canada raised its position in shares of BrightView by 4.7% during the 1st quarter. Royal Bank of Canada now owns 699,959 shares of the company’s stock worth $8,988,000 after purchasing an additional 31,291 shares during the period. AQR Capital Management LLC boosted its holdings in shares of BrightView by 75.9% during the first quarter. AQR Capital Management LLC now owns 209,995 shares of the company’s stock valued at $2,696,000 after acquiring an additional 90,627 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of BrightView by 7.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,443 shares of the company’s stock worth $455,000 after acquiring an additional 2,349 shares during the last quarter. Millennium Management LLC grew its position in shares of BrightView by 54.2% during the first quarter. Millennium Management LLC now owns 1,456,682 shares of the company’s stock worth $18,704,000 after acquiring an additional 512,098 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of BrightView by 11.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,658,306 shares of the company’s stock worth $21,293,000 after acquiring an additional 167,966 shares during the period. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on BV shares. Zacks Research upgraded shares of BrightView from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Morgan Stanley increased their price objective on BrightView from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 17th. The Goldman Sachs Group cut their target price on BrightView from $13.50 to $10.50 and set a “sell” rating on the stock in a research note on Thursday, November 20th. Robert W. Baird decreased their price target on BrightView from $19.00 to $15.00 and set an “outperform” rating for the company in a research note on Thursday, November 20th. Finally, CJS Securities upgraded shares of BrightView to a “strong-buy” rating in a research note on Thursday, December 11th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $14.70.

Insider Buying and Selling

In other BrightView news, Director William L. Cornog purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The shares were purchased at an average price of $12.84 per share, for a total transaction of $128,400.00. Following the completion of the transaction, the director owned 30,000 shares in the company, valued at $385,200. This represents a 50.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jonathan Mark Gottsegen sold 35,000 shares of the stock in a transaction on Monday, December 1st. The shares were sold at an average price of $12.62, for a total value of $441,700.00. Following the sale, the executive vice president owned 142,958 shares of the company’s stock, valued at $1,804,129.96. This trade represents a 19.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 2.80% of the company’s stock.

BrightView Trading Up 0.8%

Shares of BrightView stock opened at $13.38 on Friday. The business has a fifty day simple moving average of $12.89 and a 200-day simple moving average of $13.53. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 334.38 and a beta of 1.28. BrightView Holdings, Inc. has a fifty-two week low of $11.06 and a fifty-two week high of $17.10. The company has a quick ratio of 1.30, a current ratio of 1.29 and a debt-to-equity ratio of 0.61.

BrightView (NYSE:BV) last issued its quarterly earnings results on Wednesday, November 19th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). The business had revenue of $702.80 million during the quarter, compared to analyst estimates of $718.03 million. BrightView had a net margin of 2.10% and a return on equity of 8.43%. BrightView’s revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.30 earnings per share. On average, equities analysts forecast that BrightView Holdings, Inc. will post 0.73 EPS for the current fiscal year.

BrightView Company Profile

BrightView Inc (NYSE:BV) is a leading commercial landscaping services company in the United States, offering a comprehensive suite of outdoor asset management solutions. The company’s core business activities include landscape maintenance, development and enhancement services tailored to a wide array of clients such as corporate campuses, healthcare facilities, multi-family residential properties, retail centers and municipalities.

BrightView’s service portfolio covers routine grounds maintenance, landscape construction and design-build, irrigation system installation and management, tree care, seasonal color programs and snow and ice management.