BrightView Holdings, Inc. (NYSE:BV) Shares Acquired by Portolan Capital Management LLC

Portolan Capital Management LLC lifted its stake in shares of BrightView Holdings, Inc. (NYSE:BV) by 27.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 620,515 shares of the company’s stock after purchasing an additional 135,350 shares during the quarter. Portolan Capital Management LLC’s holdings in BrightView were worth $9,767,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in BV. Driehaus Capital Management LLC acquired a new position in shares of BrightView during the 2nd quarter worth $13,086,000. Allspring Global Investments Holdings LLC acquired a new stake in BrightView in the 2nd quarter valued at about $9,857,000. Dimensional Fund Advisors LP grew its stake in BrightView by 28.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,140,676 shares of the company’s stock valued at $41,772,000 after acquiring an additional 695,987 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in BrightView by 150.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 632,394 shares of the company’s stock valued at $9,954,000 after acquiring an additional 379,916 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its stake in BrightView by 704.9% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 339,054 shares of the company’s stock valued at $5,337,000 after acquiring an additional 296,931 shares during the last quarter. 92.41% of the stock is owned by institutional investors and hedge funds.

BrightView Stock Up 0.1 %

Shares of NYSE:BV opened at $17.35 on Wednesday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.63. BrightView Holdings, Inc. has a 52-week low of $7.74 and a 52-week high of $18.89. The company has a 50 day moving average of $16.55 and a two-hundred day moving average of $15.03. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 157.74 and a beta of 1.30.

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

Insider Buying and Selling at BrightView

In related news, EVP Jonathan Mark Gottsegen sold 29,658 shares of BrightView stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $16.06, for a total value of $476,307.48. Following the transaction, the executive vice president now owns 100,354 shares of the company’s stock, valued at approximately $1,611,685.24. This trade represents a 22.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. The Goldman Sachs Group upped their target price on shares of BrightView from $11.30 to $12.90 and gave the company a “sell” rating in a report on Friday, November 15th. William Blair upgraded shares of BrightView from a “market perform” rating to an “outperform” rating in a report on Friday, November 15th. Jefferies Financial Group upgraded shares of BrightView from a “hold” rating to a “buy” rating and increased their price objective for the stock from $13.00 to $17.00 in a report on Wednesday, August 21st. Robert W. Baird increased their price objective on shares of BrightView from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Finally, Morgan Stanley began coverage on shares of BrightView in a report on Thursday, August 22nd. They issued an “equal weight” rating and a $16.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $17.11.

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.