BrightView (NYSE:BV) Downgraded by Jefferies Financial Group to Hold

BrightView (NYSE:BVGet Rating) was downgraded by equities research analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report issued on Monday, MarketBeat.com reports. They presently have a $8.00 price objective on the stock, down from their prior price objective of $14.00. Jefferies Financial Group’s price target points to a potential upside of 9.14% from the stock’s previous close.

BrightView Stock Performance

Shares of NYSE:BV opened at $7.33 on Monday. The company has a market cap of $681.69 million, a P/E ratio of 43.12 and a beta of 1.39. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.39 and a current ratio of 1.39. BrightView has a one year low of $6.91 and a one year high of $15.33. The business’s 50-day simple moving average is $8.39 and its 200 day simple moving average is $10.53.

Institutional Investors Weigh In On BrightView

Hedge funds have recently modified their holdings of the stock. BlackRock Inc. grew its stake in BrightView by 1.6% during the 1st quarter. BlackRock Inc. now owns 3,389,904 shares of the company’s stock valued at $46,136,000 after purchasing an additional 52,475 shares in the last quarter. Macquarie Group Ltd. grew its stake in BrightView by 1.8% during the 3rd quarter. Macquarie Group Ltd. now owns 3,186,202 shares of the company’s stock valued at $25,298,000 after purchasing an additional 56,708 shares in the last quarter. Wellington Management Group LLP grew its stake in BrightView by 6.0% during the 1st quarter. Wellington Management Group LLP now owns 3,110,362 shares of the company’s stock valued at $42,332,000 after purchasing an additional 176,923 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in BrightView by 7.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,816,103 shares of the company’s stock valued at $14,420,000 after purchasing an additional 125,422 shares in the last quarter. Finally, State Street Corp grew its stake in BrightView by 5.7% during the 2nd quarter. State Street Corp now owns 870,903 shares of the company’s stock valued at $10,451,000 after purchasing an additional 46,748 shares in the last quarter. 96.40% of the stock is currently owned by hedge funds and other institutional investors.

About BrightView

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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.

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