BrightView (NYSE:BV) Reaches New 1-Year Low – Here’s Why

Shares of BrightView Holdings, Inc. (NYSE:BV) reached a new 52-week low during trading on Wednesday . The company traded as low as $11.69 and last traded at $11.6750, with a volume of 832218 shares traded. The stock had previously closed at $11.89.

Wall Street Analyst Weigh In

BV has been the topic of several research analyst reports. Wall Street Zen downgraded shares of BrightView from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of BrightView in a research report on Wednesday, October 8th. Finally, Zacks Research raised BrightView from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, BrightView presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.25.

BrightView Trading Down 1.4%

The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 390.00 and a beta of 1.29. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.31 and a current ratio of 1.31. The company has a 50 day moving average price of $12.97 and a two-hundred day moving average price of $14.64.

Insider Buying and Selling

In other BrightView news, EVP Amanda Marie Orders sold 70,000 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $14.78, for a total transaction of $1,034,600.00. Following the completion of the transaction, the executive vice president owned 38,446 shares of the company’s stock, valued at $568,231.88. This represents a 64.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new position in shares of BrightView during the 3rd quarter worth approximately $679,000. Alyeska Investment Group L.P. boosted its stake in BrightView by 5.9% during the third quarter. Alyeska Investment Group L.P. now owns 450,000 shares of the company’s stock worth $6,030,000 after buying an additional 25,000 shares during the last quarter. Qube Research & Technologies Ltd grew its holdings in BrightView by 29.3% in the 3rd quarter. Qube Research & Technologies Ltd now owns 440,735 shares of the company’s stock valued at $5,906,000 after buying an additional 99,928 shares in the last quarter. Punch & Associates Investment Management Inc. increased its stake in shares of BrightView by 0.4% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 1,099,128 shares of the company’s stock worth $14,728,000 after acquiring an additional 4,654 shares during the last quarter. Finally, Harvey Partners LLC raised its holdings in shares of BrightView by 5.0% during the 3rd quarter. Harvey Partners LLC now owns 2,949,000 shares of the company’s stock worth $39,517,000 after acquiring an additional 141,000 shares during the period. 92.41% of the stock is owned by institutional investors and hedge funds.

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.