58,892 BrightView Holdings, Inc. $BV Shares Acquired by Penn Capital Management Company LLC

Penn Capital Management Company LLC raised its position in BrightView Holdings, Inc. (NYSE:BV) by 29.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 261,586 shares of the company’s stock after buying an additional 58,892 shares during the period. Penn Capital Management Company LLC owned 0.28% of BrightView worth $2,616,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Empowered Funds LLC purchased a new stake in shares of BrightView during the second quarter valued at approximately $6,189,000. Bank of America Corp DE purchased a new position in BrightView in the second quarter worth $2,264,000. Bank of New York Mellon Corp purchased a new position in BrightView in the second quarter worth $3,952,000. BlackRock Inc. bought a new position in BrightView in the 2nd quarter valued at $80,091,000. Finally, Rice Hall James & Associates LLC bought a new position in BrightView in the 2nd quarter valued at $3,126,000. Institutional investors own 92.41% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on BV shares. Weiss Ratings reissued a “sell (d+)” rating on shares of BrightView in a report on Thursday, October 29th. Robert W. Baird set a $14.00 price target on BrightView in a report on Wednesday, August 5th. Wall Street Zen lowered shares of BrightView from a “hold” rating to a “sell” rating in a research report on Saturday. Morgan Stanley reduced their target price on BrightView from $12.50 to $11.50 and set an “equal weight” rating for the company in a research report on Tuesday, October 13th. Finally, Zacks Research upgraded BrightView from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, BrightView currently has an average rating of “Hold” and an average target price of $13.93.

BrightView Price Performance

Shares of NYSE:BV opened at $11.82 on Tuesday. The company’s fifty day moving average price is $10.86 and its 200-day moving average price is $12.29. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of -47.28, a PEG ratio of 1.54 and a beta of 1.16. BrightView Holdings, Inc. has a one year low of $9.81 and a one year high of $15.00.

BrightView Company Profile

BrightView Holdings, Inc (NYSE: BV) is a provider of commercial landscaping services in the United States. Through its maintenance operations, the company helps businesses, government facilities, sports venues, education campuses, healthcare properties and other organizations manage and maintain outdoor spaces.

BrightView’s services include landscape design and development, ongoing landscape maintenance, tree care, irrigation management, water conservation and snow and ice removal. Its landscape development work can include the installation of plants, turf, hardscapes, irrigation systems and other outdoor features, while its maintenance services are intended to support the appearance, health and functionality of managed properties.

The company was formed in 2014 through the combination of Brickman and ValleyCrest, two established landscaping businesses, and became a publicly traded company in 2018.