Vanguard Group Inc. Buys 13,768 Shares of BrightView Holdings, Inc. (NYSE:BV)

Vanguard Group Inc. lifted its stake in BrightView Holdings, Inc. (NYSE:BV) by 0.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,016,470 shares of the company’s stock after purchasing an additional 13,768 shares during the period. Vanguard Group Inc. owned 4.29% of BrightView worth $31,128,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its position in BrightView by 89.9% during the third quarter. Tower Research Capital LLC TRC now owns 3,420 shares of the company’s stock valued at $27,000 after buying an additional 1,619 shares during the period. Point72 Middle East FZE purchased a new stake in BrightView in the fourth quarter worth about $30,000. Royal Bank of Canada increased its stake in shares of BrightView by 47.8% during the second quarter. Royal Bank of Canada now owns 4,317 shares of the company’s stock valued at $31,000 after purchasing an additional 1,396 shares in the last quarter. Lazard Asset Management LLC purchased a new position in shares of BrightView during the third quarter valued at approximately $55,000. Finally, Quadrature Capital Ltd bought a new stake in shares of BrightView in the 2nd quarter worth approximately $82,000. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on BV shares. The Goldman Sachs Group reissued a “sell” rating and issued a $10.00 target price (up from $8.00) on shares of BrightView in a report on Thursday, April 4th. Craig Hallum assumed coverage on shares of BrightView in a research report on Monday, March 4th. They set a “buy” rating and a $15.00 price target for the company. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $9.00 price target on shares of BrightView in a report on Monday, March 4th.

BrightView Price Performance

NYSE BV opened at $11.77 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.64 and a current ratio of 1.64. The business’s fifty day moving average is $9.93 and its 200 day moving average is $8.57. The company has a market capitalization of $1.11 billion, a PE ratio of -58.85 and a beta of 1.23. BrightView Holdings, Inc. has a fifty-two week low of $5.16 and a fifty-two week high of $12.35.

BrightView (NYSE:BV) last announced its quarterly earnings data on Wednesday, January 31st. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). The company had revenue of $626.70 million for the quarter, compared to the consensus estimate of $651.07 million. BrightView had a negative net margin of 0.19% and a positive return on equity of 3.93%. Sell-side analysts predict that BrightView Holdings, Inc. will post 0.59 earnings per share for the current year.

About BrightView

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.