Telemark Asset Management LLC Has $13.59 Million Stake in BrightView Holdings, Inc. (NYSE:BV)

Telemark Asset Management LLC boosted its stake in BrightView Holdings, Inc. (NYSE:BV) by 6.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 850,000 shares of the company’s stock after purchasing an additional 50,000 shares during the period. BrightView comprises approximately 1.4% of Telemark Asset Management LLC’s investment portfolio, making the stock its 26th biggest position. Telemark Asset Management LLC’s holdings in BrightView were worth $13,592,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. State Street Corp boosted its position in BrightView by 17.1% during 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 last quarter. Barclays PLC boosted its position in BrightView by 133.6% during the third quarter. Barclays PLC now owns 111,969 shares of the company’s stock valued at $1,762,000 after acquiring an additional 64,035 shares during the last quarter. Principal Financial Group Inc. bought a new stake in BrightView during the third quarter valued at $723,000. Geode Capital Management LLC boosted its position in BrightView by 18.2% during the third quarter. Geode Capital Management LLC now owns 1,337,545 shares of the company’s stock valued at $21,057,000 after acquiring an additional 206,359 shares during the last quarter. Finally, Harvey Partners LLC boosted its position in BrightView by 9.1% during the third quarter. Harvey Partners LLC now owns 1,870,000 shares of the company’s stock valued at $29,434,000 after acquiring an additional 156,500 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

BrightView Trading Down 0.2 %

BV opened at $13.10 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.43 and a quick ratio of 1.43. BrightView Holdings, Inc. has a fifty-two week low of $9.85 and a fifty-two week high of $18.89. The firm has a market capitalization of $1.25 billion, a PE ratio of 72.75 and a beta of 1.32. The company’s 50-day moving average is $14.68 and its 200 day moving average is $15.73.

Wall Street Analyst Weigh In

A number of analysts have commented on BV shares. Robert W. Baird upped their price target on shares of BrightView from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Morgan Stanley increased their price objective on shares of BrightView from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. The Goldman Sachs Group increased their price objective on shares of BrightView from $11.30 to $12.90 and gave the stock a “sell” rating in a research report on Friday, November 15th. BTIG Research assumed coverage on shares of BrightView in a research report on Monday, December 2nd. They set a “buy” rating and a $22.00 price objective on the stock. Finally, Loop Capital increased their price objective on shares of BrightView from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Two analysts have rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.41.

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.