BrightView (NYSE:BV) Stock Price Down 5.4% – Should You Sell?

Shares of BrightView Holdings, Inc. (NYSE:BV) fell 5.4% during mid-day trading on Thursday . The company traded as low as $14.29 and last traded at $15.22. 61,012 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 409,849 shares. The stock had previously closed at $16.10.

Analysts Set New Price Targets

Several research firms have recently issued reports on BV. Loop Capital raised their price objective on BrightView from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, November 15th. William Blair raised shares of BrightView from a “market perform” rating to an “outperform” rating in a report on Friday, November 15th. Morgan Stanley increased their price target on BrightView from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. The Goldman Sachs Group boosted their target price on BrightView from $11.30 to $12.90 and gave the stock a “sell” rating in a report on Friday, November 15th. Finally, Robert W. Baird raised their price objective on shares of BrightView from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, BrightView has an average rating of “Moderate Buy” and an average target price of $17.11.

BrightView Trading Down 3.8 %

The company has a fifty day moving average price of $16.18 and a 200-day moving average price of $15.87. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 140.38 and a beta of 1.29. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.63.

BrightView (NYSE:BV) last posted its earnings results on Wednesday, November 13th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. BrightView had a net margin of 2.40% and a return on equity of 7.65%. The firm had revenue of $728.70 million during the quarter, compared to analysts’ expectations of $723.01 million. During the same period in the previous year, the company earned $0.14 earnings per share. The company’s revenue was down 2.0% compared to the same quarter last year. On average, equities research analysts predict that BrightView Holdings, Inc. will post 0.75 EPS for the current year.

Insider Buying and Selling

In related news, EVP Jonathan Mark Gottsegen sold 29,658 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $16.06, for a total value of $476,307.48. Following the completion of the sale, the executive vice president now directly owns 100,354 shares in the company, valued at approximately $1,611,685.24. The trade was a 22.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BrightView

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. lifted its position in shares of BrightView by 150.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 632,394 shares of the company’s stock worth $9,954,000 after purchasing an additional 379,916 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its holdings in shares of BrightView by 704.9% during the third quarter. Thompson Siegel & Walmsley LLC now owns 339,054 shares of the company’s stock worth $5,337,000 after buying an additional 296,931 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of BrightView by 18.2% during the third quarter. Geode Capital Management LLC now owns 1,337,545 shares of the company’s stock worth $21,057,000 after buying an additional 206,359 shares during the last quarter. State Street Corp boosted its position in shares of BrightView by 17.1% in the third quarter. State Street Corp now owns 1,211,909 shares of the company’s stock valued at $19,075,000 after acquiring an additional 177,105 shares during the period. Finally, Harvey Partners LLC grew its stake in shares of BrightView by 9.1% in the third quarter. Harvey Partners LLC now owns 1,870,000 shares of the company’s stock worth $29,434,000 after acquiring an additional 156,500 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

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.